French Police Arrest Duo Involved in Platypus Crypto Exploit
Flash loan exploit drained protocol of over $9 million in assets and knocked Platypus USD (USP) off its peg.
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/KABSM4QFXFALNNXEX6RJSLQVFQ.jpg)
Sponsored
Feb 27, 2023 at 8:18 a.m. UTC
Feb 27, 2023
flash loans
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/NLUFWKXJCNA65LXI4VXQMW2ETI.jpg)
USP Stablecoin Loses Dollar Peg as DeFi Protocol Platypus Suffers $8.5M Attack
The flash loan attack caused Platypus Finance’s native stablecoin to fall to 48 cents from $1. The potential loss is $8.5 million, according to blockchain security firm CertiK.
Sponsored
Feb 16, 2023 at 9:34 p.m. UTC
Feb 16, 2023
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/PZD6KA3HKNDQJIM7V75NQR5OHI.jpg)
OpenZeppelin's 'Defender' Gives DeFi Teams a Weapon Against Flash Loan Attacks
Flash loan attacks have filched nearly $150 million from DeFi projects since 2020.
Sponsored
Mar 11, 2021 at 2:01 p.m. UTC
Mar 11, 2021
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/WEMAVT7QRBDCFBH4XWH5HXMXQY.jpg)
Warp Finance Suffers Possible $8M Flash Loan Attack
The scheme has become common in the fast-growing DeFi sector.
Sponsored
Dec 18, 2020 at 2:37 a.m. UTC
Dec 18, 2020
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/MDBHYZ5SNNFSHN3RLQ53RFGC7Q.jpg)
DeFi Exploits Can’t Be Pinned on Flash Loans, Industry Leaders Say
DeFi’s novel flash loan products aren't to blame for the recent string of exploits, industry leaders say.
Sponsored
Nov 18, 2020 at 8:02 p.m. UTC
Nov 18, 2020
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/ACBB7JRP6VFQXCHGWU5LIWF7V4.jpg)
Origin Protocol Loses $7M in Latest DeFi Attack
Stablecoin project Origin Dollar (OUSD) sustained a re-entrancy attack at 00:47 UTC Tuesday resulting in a loss of funds worth $7 million.
Sponsored
Nov 17, 2020 at 2:06 a.m. UTC
Nov 17, 2020
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/RBRY52LIOVB5NIMXIPKW3PNDXY.jpg)
Value DeFi Suffers $6M Flash Loan Attack
The latest flash loan attack in the decentralized finance world has caused a total loss of $6 million.
Sponsored
Nov 14, 2020 at 8:59 p.m. UTC
Nov 14, 2020
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/MTNJLFJ475DXVDEV5DKO6DOLGM.jpg)
MakerDAO Members Voting on a Safeguard Against BProtocol Flash Loan-Type Attack
The MakerDAO community is voting on a proposal to harden the protocol's governance structure against flash loan voting.
Sponsored
Oct 30, 2020 at 7:22 p.m. UTC
Oct 30, 2020
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/EZRJUROBEFEGDJKYLX7RD5DCHM.jpg)
Harvest Finance Boosts Bounty to $1M for Information Leading to Return of Exploited Funds
Harvest Finance is offering $1 million for information leading to the return of funds from Monday's $24 million exploit.
Sponsored
Oct 29, 2020 at 7:06 p.m. UTC
Oct 29, 2020
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/4FJLDL3WD5A33BIWAYLO2PCCJA.jpg)
'Flash Loans' Have Made Their Way to Manipulating Protocol Elections
BProtocol used a flash loan to speed up election results on MakerDAO. The DeFi platform is now weighing changes to its voting process.
Sponsored
Oct 29, 2020 at 5:45 p.m. UTC
Oct 29, 2020