The post Crypto Hack Weekly Report: A Deep Dive into This Week’s $10M DeFi Exploits appeared first on Coinpedia Fintech News
While many aspects of the cryptocurrency continue to evolve, the space remains vulnerable to security risks and this week saw several big DeFi hacks. Most of these hacks have led to millions in loss with investors having their confidence dented while at the same time, these hacks have exposed weaknesses within decentralized finance protocols. Here are the key incidents that occurred:
Bedrock DeFi Hit by $2 Million Exploit
The multi-chain liquidity re-staking protocol, Bedrock, fell on a vulnerability in its uniBTC pool. Hackers took advantage of an issue in the smart contract, which allowed uniBTC to be minted at an incorrect 1:1 exchange rate with the native currency of the platform it represents. This error allowed attackers to pull out liquidity, which cost $2 million.
Subsequently, Bedrock has informed that the BTC and wbtc reserves are still
We współpracy z: https://coinpedia.org/news/crypto-hack-weekly-report-a-deep-dive-into-this-weeks-10m-defi-exploits/
