Hackless(OLD)

Long story short. New stage for Hackless is coming 🔜 One more step for Hack Less #DeFi. Follow our new Twitter page to find more and not miss future updates >>>> @hackless_defi <<<<

#OneHackLess 👾 #Jimbos Protocol 👨‍💻, an #Arbitrum -based protocol, was #exploited for 4,090 $ETH worth around $7.5 million 💰 just 3 days after launching its #v2 protocol. The attacker used a #flashloan to temporarily swap $WETH for $JIMBO tokens, raising the $JIMBO price. This allowed them to add a small amount of $JIMBO to gain access to the JimboController contract. They then called the shift function, removing the existing #liquidity in the contract. Here's another reminder that projects must implement adequate preventive measures to avoid exploitation, such as using products that are built by #Hackless, monitoring all suspicious activity, and helping users migrate their #funds if needed.🚦

The holder of the address '0xae' attempted to swap $ETH for $RFD, but fell victim to a #sandwichattack, resulting in a loss of $872.71 😔, which is significant given their 10,647 $ETH ($19,377.77) swap. 💸 It is unfortunate to see people fall victim to these types of attacks, but there are measures that can be taken to protect yourself. Use our FREE #AntiSandwich tool available at antisandwich.hackless.io/ 🔒💰

We are happy to announce that @AndreyArshukov, will be at the 2nd edition of @SpaghettEth in 🇮🇹 Ready for 3 action-packed days of networking and cutting-edge web3 innovation at the first mega ETH event in 🇮🇹🍕 📅 24-26 May 📍Via Portacarrese a Montecalvario, 69, Napoli 🇮🇹

#OneHackLess 👾 #Swaprum , a #decentralized exchange on the #Arbitrum Layer-2 network, was #rugged as $3M in user funds disappeared, followed by a price crash of its token, $SAPR. This was a classic #rugpull by the developers.😔 The attackers used a backdoor add() function to steal #LPtokens staked by users, then removed liquidity from the pool for profit and finally laundered 1,620 $ETH (worth $3M) via #TornadoCash.💸💸💸 Despite being recently audited by @CertiK, the project's developers upgraded their normal liquidity reward contract to one with backdoor functions. This added to criticism of #CertiK, who have come under fire for auditing multiple projects that later turned out to be #scams. The #Swaprum rug pull serves as a reminder of the risks of decentralized exchanges and the limitations of even comprehensive third-party #audits.😱 Users of #DeFi platforms should remain vigilant and take extra steps to mitigate risks, by making use of enhanced security monitoring tools offered by companies like #Hackless to monitor for threats, isolate compromised smart contracts, and safely migrate users' funds during incidents.🔒💻🚨

We are thrilled to announce that our #CEO, @SerhiiAndrosiuk, will be speaking at DAYZERO, the first major Ethereum event in Ukraine. He will be speaking about Blockchain and DeFi and sharing insights on growing our cybersecurity service, #Hackless. 💚 Take a look behind the scenes, listen to other notable figures in the crypto space, and have the opportunity to network with industry leaders. 📅 Date: Saturday, May 20 ⏰ Time: 10:30 am - 10 pm EEST 📍 Location: UnitCity campus B12, UNIT.Verse hall

#OneHackLess 👾 @DeusDao, a #decentralized finance protocol, has been #hacked for the third time, resulting in losses of approximately $6.5M on #Arbitrum, #BSC, and #Ethereum. The DEI stablecoin also #depegged over 80%. 👉 The root cause of the #hack was an implementation error in the $DEI #token contract, which allowed an attacker to manipulate and gain control of $DEI holders' approvals and transfer assets directly to their own address. 💸 Although they have managed to retrieve over $5.5 million, including all #LP deposits, there were doubts about returning funds to a team that produced such a trivial bug. Therefore, new monitor tools and asset protection against failures in #smartcontracts are needed. This is where #Hackless comes in to help. Stay tuned for more info!

Recent incidents token #rug pull highlight the risks of #meme #coin fever, with #pre-sales, limited #bots, and hidden #wallets leading to significant losses. But with #Hackless' upcoming #RugPull protection, DeFi protocols can prevent insiders from withdrawing critical funds and avoid devastating losses. Stay tuned for more updates on this essential DeFi security tool.

#OneHackLess 👾 🚨 #Merlin #DEX, a native #decentralized exchange on the recently-launched @zksync L2 protocol, suffered a #hack during a 3-day “Liquidity Generation Event” for its own token $MAGE, resulting in the loss of $1.8M. 💸 The #funds were drained from the liquidity pools into which users deposited as part of the $MAGE token sale and was made possible by granting max approvals to the ‘FeeTo’ address upon deployment of the pools, allowing the malicious individual/s in control of the address to drain the pool of all #assets, which were then bridged to $ETH. 👨‍💻 The @TheMerlinDEX team blames its back-end development team, and they have stated that Serbian authorities have been contacted. What is remarkable about this hack is that the project was #Certik-approved just days before the exploit. 🛡️ Users should therefore consider using additional #DeFi security products such as the ones developed by #Hackless, including tools to secure funds from #protocols under attack or monitoring tools for suspicious activity. Stay tuned for more developments.

🔍 When we examine the top 10 #contracts most frequently #exploited by attackers using sandwich attacks, we find that the most targeted are the well-known decentralized exchanges, including #Uniswap V2 and V3, #Metamask Swap, and #1inch. 🎯 🚨 It's important to note that just because you don't use these specific protocols or #DEX routers, it doesn't mean that your swaps are safe from #sandwichattacks. Any liquidity pool could be targeted. 😱 💻 To protect your trades, make use of our FREE #AntiSandwich tool, which can be accessed at antisandwich.hackless.io/. 🛡️💪

#OneHackLess 👾 @HundredFinance, a #DeFi lending protocol, has suffered another #hack 😞, this time resulting in losses up to $7 million.💸 The hackers were able to manipulate the #exchange rate between ERC-20 tokens and #hTokens by donating 200 $WBTC 🕵️‍♂️, allowing them to drain the protocol's lending pools with only a small amount of $hWBTC. This is not the first time that #HundredFinance has been targeted by hackers 🔒. Last year, the protocol suffered a #reentrancy attack, which resulted in the loss of roughly $6.5 million worth of $ETH. The #security threat to DeFi protocols continues to escalate as hacks remain rampant 😔. To address this plague, #Hackless provides anti hack tools focussed on monitoring suspicious activity and extracting #funds if necessary, which is crucial in events such as these. 🛡️

🚨 New blog alert! 🚨 Learn about the #SandwichAttack in #DeFi, how it works, and how to protect yourself from becoming a victim. Follow @hackless_io for more innovative solutions for DeFi users. ⏬⏬⏬ hackless.io/blog/defi-sandwi… #cryptocurrency #blockchain #antisanwich

Sandwich Attack Monthly Recap 🥪🤖🥪 According to @EigenPhi, in the last 30 days, 163.2k #sandwichattacks have occurred on the #Ethereum ($ETH) Mainnet, resulting in 67,609 victims and generating $5.17M in profits for the bad robots.💸🤖 As this translates to an even bigger loss for the victims, you can protect yourself from being sandwiched by using the #AntiSandwich tool available at antisandwich.hackless.io/ 🛡️💪

🚀 With the surge of the #PEPE, the recent days have been a mini #memecoin season. But this did not go unnoticed by #SandwichBots 🤖, which used this mania to generate some good profits.💰 We see that Sandwich bot "Jaredfromsubway.eth" made a net profit of $2.3 million in the last seven days by targeting $PEPE, $GENSLR, $NARUTO, $PAPA, $PLEB, $SASUKE, $STONKS, and $WOJAK. If you want to play these risky plays, remember the additional risk of getting sandwiched.🥪 Therefore, use our new and proven #AntiSandwich Tool: antisandwich.hackless.io🛡️ and avoid paying extra for your favorite #memecoins.💸

#OneHackLess 👾 @MetaPoint1024, a protocol on the #Binance Smart Chain (#BSC), was hacked, resulting in a loss of 2,515 $BNB ($920K) and a sharp -77% price drop of its native token, $POT. 😱 The root cause of the #attack was a vulnerability in the contract that allowed attackers to transfer all users' #assets without any restrictions. The attackers created #smartcontracts to call the "approve" function, approving the maximum value and allowing them to drain funds from #vulnerable contracts. The project team responded quickly by locking the contract to prevent further losses. However, the hackers managed to steal a total of 2,515 $BNB (~$811k) and extracted it through #TornadoCash. 💸💔 To protect against such attacks, users and protocols can benefit from products offered by #Hackless such as the upcoming #SafeMigrate and #Watchdog applications, which enable the secure migration of funds from protocols under attack and efficient monitoring to ensure that attackers are spotted and stopped. 🔒👨‍💻🚨

“0x5d” attempted to swap $ETH for $HAMLET but unfortunately fell victim to a #sandwichattack, resulting in a loss of $19.44 for the trader on their 0.2 #ETH ($358.36) swap. 😔 However, paying a slightly higher gas fee (up to $3) of antisandwich.hackless.io/ by #Hackless would have been the more cost-effective option and safest way to trade on a #decentralized exchange - #DEX🔒💰

#OneHackLess 👾 @iearnfinance was hacked and lost approximately $11.6 million. The attacker exploited a #bug in the ‘old’ misconfigured #yUSDT contract, where the Fulcrum #USDC address was used instead of the Fulcrum #USDT contract. The attack involved two transactions: during the first transaction, the attacker drained the interest rate of #Aave V1 and transferred Fulcrum USDC to yUSDT/ycUSDT, triggering a #rebalance. The rebalance caused yUSDT/ycUSDT to retrieve a large amount of #USDC, mistakenly thinking that its own balance was 0. As a result, the #attacker was able to mint an extremely high amount of #yUSDT with a small amount of 10k USDT, which was then swapped for other stablecoins and ETH. The #YearnFinance hack is significant, and indicates that even the biggest protocol can benefit from extra security tools. That’s why we’re building a range of innovative tools that are ready to use and deploy against suspicious transactions and large mints. 🤖