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Cover Protocol Announces Plans To Compensate Hack Victims Last Updated: 01 January 2021 The cryptocurrency industry has been affected by a series of hacks this past year. In most of the attacks, the victimized company usually engages professional investigators to look into the situation and find a better way to compensate victims. And it seems one of the unfortunate victims, Cover Protocol, has announced a compensation plan to settle users who were affected due to the hack. According to the announcement, liquidity providers and token holders are also included in the compen...

Hackers Exploit DeFi Project Cover Protocol, COVER Token Price Tanks 90% Dec 29 2020 · 15:00 UTC by Bhushan Akolkar · 2 min read Photo: Shutterstock You have successfully joined our subscriber list. In one of the biggest attacks in the DeFi space, hackers exploited the DeFi project Cover Protocol by liquidating nearly 12K COVER coins and injecting an additional supply of 40 quintillion Cover “coins”. DeFi project COVER staking protocol has recently been the victim of a suspected attack while artificially inflating the COVER token supply. The hackers have reported exploited the Cover ...

Cover Protocol Sheds 97% After Suffering Minting Attack Last Updated: 29 December 2020 Decentralized Finance (DeFi) insurer Covered Protocol suffered a minting attack earlier on Monday, which saw its price dropping by 97% shortly after the attack. However, a few hours after the infinite printing scheme hack, a “white hacker” known as GrapFinance revealed on Twitter that it was responsible for the hack and that all funds have been returned. The white hacker initially withdrew more than $4 million, which include 90 WBTC, one million DAI, and about 1,400 ether. Barely 24 ...

Happening to the children whose parents are being held. you say it's state-sponsored child abuse, what happened to those children. does any of the legislation that you're promoting, does did cover protocol for children to be taken care of in a situation like that? >> well, this comes from the administration. you should not do any raid like that, and not have accounted for how these children are going to be treated. i understand that if you want to execute a raid or something like this, you know, yet, you don't want everybody to know about it, but my goodness, gracious, you have no accounting f...