defi hack 2022

The Federal Bureau of Investigation has issued a warning to the public, outlying the potential dangers of using decentralized finance (DeFi) platforms. FBI cites the report made by blockchain analysis company, Chainalysis, claiming that $1.3 billion worth of crypto was stolen between January and March 2022. And 97% of that sum was taken from DeFi […]

Attackers have hit Inverse Finance, a DeFi protocol based on Ethereum, for $1.26 million in Wrapped Bitcoin (WBTC) and Tether (USDT). The attack happened just two months after Inverse Finance lost $15.6 million in a similar attack of the price oracle manipulation exploit type. More specifically, a flashloan attack happened this time. Flashloan is a […]