$700,000 drained from BNB Chain-based DeFi protocol LaunchZone
BNB Chain-based DeFi protocol LaunchZone claims an exploit led to $700,000 of funds being drained from its liquidity pool, with its native token plunging in value
BNB Chain-based DeFi protocol LaunchZone claims an exploit led to $700,000 of funds being drained from its liquidity pool, with its native token plunging in value
Unciphered claims to have gained the ability to extract the seed phrase of a Trezor T model hardware crypto wallet in possession.
The team said that if users find calculation errors, they must submit a form and related evidence before March 3.
This is now the second time the project has faced difficulties, after its first version was paused due to a smart contract bug.
A new Web3 security report from Beosin revealed that of the 167 major security exploits DeFi projects saw the most, at 113 attacks.
The BNB Chain team said it identified the hacker responsible for the Allbridge exploit — which resulted in $570,000 being drained from the protocol.
The wallet address related to the $190 million hack transferred more than 1200 Ether to the sanctioned cryptocurrency mixer Tornado Cash.
The exploit involves the RouterProcessor2 contract — which PeckShield and SushiSwap Head Chef Jared Grey recommend revoking on all chains.
The hackers sent 1,774.5 Ether to the sanctioned cryptocurrency mixer weeks after the DeFi protocol exploit.
South Korea-based crypto exchange GDAC reported a hack on its hot wallet that resulted in a $13 million loss.