Latest News and Articles about DeFi Security
Abracadabra Hit by $13M Flash Loan Attack: DeFi Security Under Scrutiny Again
Abracadabra’s $13 Million Vanishing Act: A Flash Loan Attack Strikes Again In a dramatic turn of events, Abracadabra, a prominent DeFi platform, fell victim to a $13 million heist executed through a flash loan attack. This marks the second time in 2024 that the project has been compromised, highlighting ongoing security issues within the DeFi […]
Read MoreInfini Exploit: $49.5M Heist Exposes DeFi Vulnerabilities
Infini Exploit: A $49.5 Million Heist Shakes DeFi’s Foundations On February 24, 2025, Hong Kong-based stablecoin neobank Infini fell victim to a $49.5 million exploit, exposing critical vulnerabilities in the DeFi sector. The incident, involving the manipulation of retained admin privileges in a smart contract, has raised alarms about security and insider threats, especially following […]
Read MoreUniLend DeFi Exploit: $200K Loss Sparks Security Debate
UniLend Exploit: A $200,000 Wake-Up Call for DeFi Security – UniLend exploit: $200,000 loss due to smart contract bug – Swift response: Bounty offered to the attacker – Community support: Rallying around UniLend – Security lessons: Need for rigorous audits and protocols In the decentralized finance (DeFi) arena, where innovation is king but security is […]
Read MoreMoby Trade Hack: $1M Lost in DeFi Breach, Seal911 Saves $1.47M
Moby Trade Hack: Over $1 Million Lost Due to Private Key Leak in DeFi Security Breach In a shocking turn of events, Moby Trade, a leading DeFi options protocol, suffered a significant security breach resulting in over $1 million in losses. The breach was caused by a hacker exploiting a vulnerability in the platform’s key […]
Read MoreCrypto Hacks Skyrocket to $1.7B in 2024 Due to Access Control Flaws
Access Control Vulnerabilities Surge, Causing $1.7B in Crypto Hack Losses In 2024, the crypto world faced a staggering $1.7 billion in losses due to access control vulnerabilities, affecting centralized exchanges, decentralized platforms, and the gaming/metaverse sectors. This highlights the urgent need for robust security measures across the board. $1.7B lost due to access control vulnerabilities […]
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