Problems galore for DeFi ecosystem as another protocol gets compromised

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Problems galore for DeFi ecosystem as another protocol gets compromised
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LaunchZone’s Bscex SwapX contract was hit resulting in the loot of about $7.7 million of funds. 75,586 addresses were still at risk as the main attacker was still on the lookout. The DeFi ecosystem continued to be a happy hunting ground for hackers as yet another protocol fell victim to an exploit. A vulnerability in […]

Of late, the BNB Chain ecosystem has fallen prey to several hacks and exploits. It was at the center of a sensational $570 million hack in October last year.

Hackers exploited a bug in the chain’s smart contract and transferred about 2 million tokens into their wallets. Following the hack, Binance had to immediately suspend withdrawals and deposits.that it will partner with law enforcement agencies worldwide to combat crypto-related scams.Euler FinanceHowever, in a surprising turn of events, the hacker proposed to make peace with the DeFi protocol and returned the majority of the stolen funds.Subscribe to get it daily in your inbox.

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