How Silicon Valley Bank's Collapse Nearly Broke USDC's Peg
Faced with a wobbling economy, US authorities moved quickly to guarantee deposits at Silicon Valley Bank in an effort to stop the failure from spreading further through the financi…
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Euler Finance Loses $197M to a Flash-Loan Attack on Its Donation Mechanism
Euler Finance, one of DeFi's more established lending platforms, suffered a roughly $200 million exploit on Tuesday, March 14, 2023 — arriving just as the market was recovering fro…
Hedera Halts Mainnet After $515K Theft Spirals Into $12M Ecosystem Fallout
An unclear, fast-moving threat shook the entire Hedera ecosystem the day before this report, sending both users and developers scrambling to understand what was happening. Hedera d…
How Silvergate Bank's Crypto Bet Ended in Voluntary Liquidation
The crypto industry's most important banking partner has thrown in the towel. In an announcement issued March 8, 2023, Silvergate Capital Corporation said it intended to wind down …
Alpha Homora Users Caught in Iron Bank's Two-Year Debt Standoff
DeFi is known for moving at breakneck speed, but not every mess resolves quickly. Some disputes simmer for years before boiling over — and that's exactly what happened between Iron…
Multisig-Approved Exit Scam Empties Hope Finance for $1.86M
Hope Finance, an Arbitrum-based fork of Tomb Finance, lost approximately $1.86 million on a Monday in what its own team publicly described as an inside job. The project's official …
Unverified Router Addresses Cost Dexible $2M — Then Its PR Response Made Things Worse
Dexible , the decentralized exchange aggregator, lost a combined $2 million on Ethereum and Arbitrum on a Friday. Contracts were paused quickly once the issue was spotted, but the …
Flash Loan Exploit Drains $8.5M From Avalanche Stablecoin Platypus Finance
Platypus Finance , an Avalanche-based stableswap AMM, lost $8.5 million to a flash loan exploit targeting its newly launched stablecoin, USP, just ten days after the token went liv…
Read-Only Reentrancy Strikes Again as dForce Loses $3.65M Across Two L2s
dForce Network suffered a combined $3.65 million loss in a coordinated attack that hit its deployments on both Arbitrum and Optimism simultaneously. The strike began just after 11p…
Reentrancy Bug Drains $3M From Orion Protocol's Cross-Chain Broker Accounts
Orion Protocol, a self-described liquidity aggregator that pipes centralized-exchange liquidity on-chain, lost close to $3 million across Ethereum and BNB Smart Chain to a reentran…
Oracle Manipulation on Polygon Nets BonqDAO Attacker Under $2M From a $120M Paper Loss
BonqDAO suffered a headline loss of $120 million, but the attacker walked away with a fraction of that — under $2 million in realized value. The Polygon-based lending and stablecoi…
Flash Loan Exploit Drains $660,000 From Jarvis Network Pool Through Midas Capital Collateral Flaw
Roughly $660,000 disappeared from a lending pool tied to Jarvis Network 's jFIAT stablecoins this past Sunday, after attackers used a flash loan to target Midas Capital , a Polygon…
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