HashEx: 20 Million Users Might Be Threatened by SafeMoon’s Critical Vulnerabi...
The SafeMoon DeFi protocol is the latest project to have vulnerabilities revealed in its smart contract code. A recent audit conducted by analysts from HashEx, a blockchain security consulting firm, has revealed that 12 critical vulnerabilities are placing the funds of over 20 million users and the protocol with over $3.5 billion in market capitalization […]
Related News
A slew of critical vulnerabilities has recently been identified by the developers at DeFi security provider HashEx when examining the code of the SafeMoon DeFi project. The identified issues are so severe that users are being warned to stay away from the protocol for fear of losing their funds. As reported in a press release […]
One blockchain security firm says its audit of the SafeMoon smart contract has unearthed a potential $20 million vulnerability within the viral meme coin. Popular TikTok viral “meme coin” SafeMoon could be vulnerable to malicious exploits by hackers on account of purported security vulnerabilities in its smart contract code.According to a smart contract audit by blockchain security firm HashEx, SafeMoon currently has 12 of such vulnerabilities with five being classified as ranging between being of a “critical” and “high-severity” nature.As part of its findings, the HashEx audit alleges....
Smart contracts auditing is becoming even more important with the advent of decentralized finance. This is where companies like HashEx enter the picture. HashEx has provided smart contracts auditing for over 500 projects to date and the company helps secure DeFi protocols. The vulnerabilities the company has found in smart contracts have saved projects more […]
Hackers manually find exploits in underlying smart contracts — The mass AI simulation of attacks in contracts could outsmart such tactics. As the cryptocurrency market has grown, so too have the number of bad actors looking to exploit vulnerable decentralized finance, or DeFi, protocols, and projects for their own gain. Earlier this month, the Ethereum-Solana Wormhole token bridge suffered the biggest hack of 2022, with $321 million lost due to a signature verification vulnerability. Such exploits have become increasingly sophisticated over the years.But blockchain security firms like....
The U.S. Securities and Exchange Commission (SEC) has threatened to sue the Nasdaq-listed cryptocurrency exchange Coinbase over its lending product. The exchange says, “We don’t know why … We got no explanation from the SEC.” Coinbase Threatened by SEC Coinbase revealed Tuesday that it received a Wells notice from the SEC last Wednesday about its planned Lend program. A Wells notice is the official way a regulator tells a company it intends to sue the company in court. In a blog post titled “The SEC has told us it wants to sue us over Lend. We....