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A recent incident involving DeFi exchange @CurveFinance, has confirmed that multiple pools were hacked due to an “issue in Vyper compiler, which resulted in a loss of over $52m.
This breach highlights the #security vulnerabilities within #DeFi space.
decrypt.co/150669/defi-excha…
CoverCompared ceases operations.
Read More here: covercompared.medium.com/cov…
Last week, @ConicFinance suffered two separate hacking incidents resulting in a loss of over $3.2M worth of #ETH.
The attack was identified as a "re-entrancy attack." The vulnerability in Curve V2 pools allowed the attacker to obtain 1,700 ETH tokens.👇
cryptonews.com/news/hackers-…
Recently, @Rodeo_Finance on @arbitrum network lost $888k in an exploit.
Hackers manipulated price feeds, stole funds, and converted them to various assets before converting back to #ETH and obfuscate the funds' origins through Tornado Cash.
$CVR
cryptonews.com/news/arbitrum…
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Ignoring #web3 is no longer an option in the pursuit of industry evolution.
abi.org.uk/news/blog-article…
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Web3 protocols continue to face vulnerabilities despite smart contract security audits.
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$CVR #Crypto #security
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$CVR #crypto
tcs.com/insights/blogs/web3-…
DeFi insurance claims soar to $34.4 million, showcasing the growing importance of securing #DeFi systems.
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blockchain.news/news/defi-in…
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$CVR #Crypto
Security breaches continue to challenge the #crypto world. Last week @DeusDao suffers a $6M blow due to a stablecoin #hack.
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covercompared.com
$CVR #web3 #DeFi
cointelegraph.com/news/deus-…
As we kick off the month of May, let's keep in mind that hackers never sleep 🚨
In April alone, crypto projects lost a staggering $93 million to malicious cyber attacks. Stay vigilant and keep your #crypto assets safe with #CryptoInsurance 🛡️
$CVR
cryptoslate.com/hackers-stol…
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CEXs remain a gold mine for hackers!
➡️@Bitrueofficial suffers $23M #hack due to hot wallet exploit
Insure your funds on CEXs like @binance, @Coinbase & more using our affordable #crypto exchange covers on👉 covercompared.com
$CVR #insurance #DeFi
coindesk.com/business/2023/0…
In Q1 2023, cybercriminals drained more than $211M in #DeFi exploits w/ the recent #GdacExchange hack for $13M🧐
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Better safe than sorry!
$CVR
cointelegraph.com/news/here-…
May your day be full of light. Happy Easter! 🐰
$CVR #Easter2023
$119M worth #crypto stolen in 2023, due to smart contract security exploits (95.7%) & rug pull scams (4.3%) 🤯 — @imunify360
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$CVR #Web3 #BTC
decrypt.co/125384/number-cry…
➡️ #BNB chain-based #DeFi exchange, @safemoon LP exploited for $8.9M — caused by a “public burn” bug in their smart contract 🤯
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$CVR #web3
cryptonews.com/news/safemoon…
💡∼5% of adults & +12M individuals, experience outpatient diagnostic errors each year
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