PAID Network exploiter nets $3 million in infinite mint attack
After an attack at one point worth nearly $180 million, community members are left wondering if the exploit is a "rugpull" or a security lapse. Paid Network, a DeFi platform aimed at real-world businesses, has been exploited today in an “infinite mint” attack that has sent PAID token prices plunging upwards of 85%.While the exploit netted nearly $180 million in PAID tokens at the time of the attack — what would have comfortably been the largest exploit of a DeFi protocol — the hacker’s payday will end up being far less. One observer noted that the attacker’s wallet only converted some of....
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The decentralized finance (DeFI) insurance project Cover Protocol was hacked earlier Monday in an infinite printing scheme, causing the price of the Cover token to plunge. Hours later, a so-called ‘white hacker’ claimed responsibility for the attack, saying all funds had been returned. The exploiter has cashed out over $4 million including about 1400 either, […]
A decentralized finance (defi) protocol called Cashio was attacked by an “infinite glitch” exploit around 9:00 a.m. (UTC), the team said on Wednesday. Following the hack, statistics show the protocol’s total value locked (TVL) dropped from over $28 million to $579,701 and the project’s stablecoin shuddered from $1 per token to zero. Cashio App Exploited With an Infinite Mint Glitch, Project’s Ecosystem Shudders The Solana-based decentralized money project called Cashio App has been attacked by an “infinite glitch” exploit the development....
A hacker apparently so thrilled by a successful theft left behind over $1 million in a smart contract that was set to destruct, permanently ensuring the crypto could never be moved. In a rare comedic bungle among DeFi exploits, an attacker has fumbled their heist at the finish line leaving behind over $1 million in stolen crypto.Just after 8AM UTC on Thursday April 21st, blockchain security and analytics firm BlockSec shared it had detected an attack on a little known DeFi lending protocol called Zeed, which styles itself a “decentralized financial integrated ecosystem”.The attacker....
According to an on-chain report on Saturday, September 30, an address associated with the FTX exploiter became active for the first time in 10 months. As earlier reported, some 5,000 ETH (equivalent to $8.2 million) was transferred from the flagged address (identified as 0x3e9) to new addresses on Saturday. However, in the latest development, blockchain data tracker Spot On Chain revealed that the FTX exploiter has moved more than $17 million worth of Ether tokens in the past 24 hours. FTX Exploiter To Keep Moving Stolen Funds, Spot On Chain Speculates In one of the most significant....
DeFi Despite positive technological developments, the decentralized finance (DeFi) space is still rife with hacks and exploits. This much was made clear just recently, when $7 million was siphoned out of a cryptocurrency vault based on Ethereum. While many users have been adversely affected by this exploit, the unknown attack did make a move to […]