Bitcoin News / Bitcoinist - 3 years ago
Euler Finance, a lending protocol in the decentralized finance (DeFi) space, which has witnessed several losses of funds through network exploits, has fallen victim to the largest exploit so far in 2023. Recently, the space Meta Sleuth, a crypto ana...
Cryptocoins News / The Cointelegraph - 3 years ago
Euler is working with law enforcement agencies and blockchain security firms to contact the exploiter and recover the funds. Decentralized finance (DeFi) lending proto...
Cryptocoins News / Blockchain - 3 years ago
Euler Finance, an Ethereum-based noncustodial lending protocol, suffered a flash loan attack on March 13, resulting in the loss of millions in Dai, USD Coin, staked Ether, and wrapped Bitcoin. The attacker stole nearly $196 million in multiple transa...
Bitcoin News / Bitcoinist - 3 years ago
The decentralized finance (DeFi) sector recorded massive losses in 2022. While many expected a different story in 2023, bad actors have continued their game of exploiting DeFi. Some days back, Hedera revealed a loss of liquidity pools tokens when a h...
Cryptocoins News / Finance Magnates - 3 years ago
<p>The rise of
blockchain technology and cryptocurrencies has created new avenues for
financial services. The emergence of decentralized finance (DeFi), a new
paradigm for financial services based on blockchain technology, is one of the
most si...
Cryptocoins News / EthereumWorldNews - 3 years ago
Summary:
Euler Finance was drained of DAI tokens, staked Ether, USDC, and wrapped Bitcoin after a flash loan attack.On-chain security firms BlockSec and Peckshield said losses from the exploit were over $190 million in cryptocurrencies.The DeFi...
Cryptocoins News / The Cointelegraph - 3 years ago
Euler Finance was exploited in a flash loan attack that drained hundreds of millions of decentralized stablecoins and synthetic ERC-20 tokens. Ethereum-based noncustod...
Bitcoin News / Google News Bitcoin - 3 years ago
Bitcoin Jumps the Most in Almost a Month After US Supports Banking Sector& & Yahoo FinanceA Dark Day For Silicon Valley Bank Is Bitcoin's Time To Shine& & ForbesBitcoin Nears $25K as Interbank Funding Stress Indicator Surges to Highest Level Since CO...
by COINS NEWS - 3 years ago
Firstly, it's obvious that none of this is good. A lot of people will lose a lot of money, and it is usually the little guy who does either directly or indirectly. But is certainly is ironic that everyone is once again(like 2008) caught with thei...
Cryptocoins News / The Cointelegraph - 3 years ago
The DeFi protocol experienced record-breaking daily trading volume after the USDC depeg as crypto whales fight for assets. Stablecoin swapping pool Curve Finance expe...