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Bitcoin traders are starting to get worried, Tesla is told to sell off its crypto and buy back shares instead, and Kings of Leon wade into the NFT craze. ....
Losing money while trading cryptocurrencies is nothing surprising or new, and every trader learns that sooner, rather than later. However, for a project to lose $31 million worth of crypto a day after launch is scandalous, at best. This is exactly what happened to a DeFi project called Meerkat Finance, which recently launched on Binance […] ....
A yield farming project on BSC has been hacked for $31 million. Their website, twitter account, and telegram channel are all down, suggesting a rug pull by creators. The hackers are using DeFi avenues to move the stolen tokens. Share this article The BNB-BUSD yield farming “Vault 1” of the DeFi application Meerkat finance, a clone of Yearn Finance on Binance Smart Chain, was drained for $31 million this morning. Meerkat Finance Hackers Tinker With Smart Contract The hackers implemented a change in the ownership of the smart contract address on Meerkat Finance at 9 am UTC. Soon after, they began withdrawing from the smart contract to multiple addresses. ....