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Web3.0 is still under process and is hoping to take the internet world by storm. Amidst the crypto market turmoil which has already slowed down the adaptation of Web3 across the globe, the increase in hackers seriously causing a huge dent. The technology is suffering big blows as hackers are showing no mercy as they are sucking out every possible penny from the market.
Crema Finance, a concentrated liquidity protocol built on the Solana (SOL) blockchain, has lost over USD 8.78m worth of crypto assets in a flash loan attack that drained its liquidity reserves.
Belt Finance, a Binance Smart Chain based decentralized loan and borrowing protocol, has lost $6.3 million in a flash loan attack last week.
A flash loan attack on Binance Smart Chain’s BurgerSwap led to over $7 million being stolen from the DeFi protocol. What Ha...