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Flash Loan Attacks Drain 2 Binance Smart Chain Defi Projects for $6 Million – News Bitcoin News

Flash Loan Attacks Drain 2 Binance Smart Chain Defi Projects for $6 Million There have been two back-to-back flash loan attacks in a short period of time stemming from two unique Binance Smart Chain decentralized finance (defi) projects. Last Wednesday, the yield-farming platform Pancakebunny lost close to $3 million in a flash loan attack according to reports. The following Sunday, Bogged Finance saw $3 million exploited from a flash loan attack. Pancakebunny Gets Hit by a F...
Bunny Fam Flash Loan Attacks Drain Smart Chain Defi Projects Binance Smart Chain Bogged Finance Gets Hit

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Cream Iron Bank $36M Flash Loan Attack: Markets Re-Enabled While Asset Borrow Is Paused – Security Bitcoin News

Cream Iron Bank $36M Flash Loan Attack: Markets Re-Enabled While Asset Borrow Is Paused Following the Cream Iron Bank flash loan attack, preliminary findings of a probe have shown that contracts and markets still function normally. As a result, markets have now been re-enabled while the asset borrowing function has been paused. The Cream team also reveals that investigations are continuing. The Exploit After the exploit, the value of the Cream protocol token plummeted from j...
Igor Igamberdiev Alpha Homora Iron Bank Cream Iron Bank Flash Loan Attack Yearn Synthetix

Flash Loan Attack: Origin Protocol Unveils Compensation Plan that Excludes Founders

Flash Loan Attack: Origin Protocol Unveils Compensation Plan that Excludes Founders The Origin Protocol team has unveiled a compensation plan for its depositors who were adversely affected by the flash loan attack in November. According to the team, there is now a plan to provide compensation equal to 100% of the value deposited to OUSD at the time of the exploit. Two Compensation Plans Still, the team clarifies that one’s OUSD holdings before and after the hack will be a ...
Micah Alcorn Flash Loan Attack Origin Protocol Unveils Compensation Plan Excludes Founders Origin Protocol Production Engineer

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