Drained

Balancer Pools Get Drained Off $500K Through STA Exploit, Team Reimburses

Balancer Pools Get Drained Off $500K Through STA Exploit, Team Reimburses

In a black day for Decentralized Finance (DeFi), two Balancer pools got drained off at least $500,000 through an exploit taking advantage of deflationary properties of Statera (STA) token on June 28, 1inch.exchange team investigation report concluded. The Balancer Labs announced that it will completely reimburse all the losses to the users, as well as …

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A Hacker Just Drained $500k in Ethereum & Altcoins From a DeFi App | NewsBTC

A Hacker Just Drained $500k in Ethereum & Altcoins From a DeFi App | NewsBTC

Ethereum’s budding decentralized finance ecosystem has gone parabolic over recent weeks. The value of cryptocurrencies locked in DeFi applications has skyrocketed to $1.65 billion, 65% higher than this metric was just 12 days ago. Simultaneously, the number of users leveraging applications like Compound, Maker, and Synthetix has skyrocketed. Unfortunately, a purported hack just took place …

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