Merlin Finance Exploited a Third Time, Losses Surpass $1.5 Million
Merlin Finance's latest hack marks the third time the DeFi protocol has landed on rekt's leaderboard, and each repeat raises the same question: why do users keep entrusting it with…
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SafeDollar's SDO Stablecoin Collapses to Zero After $250K Infinite-Mint Exploit
SafeDollar, a stablecoin protocol running on Polygon, saw its SDO token collapse to $0 after an attacker exploited an infinite-mint bug in the project's reward mechanism, walking a…
Tipped Off and Powerless — How StableMagnet's $27M Rugpull Played Out
Hours before StableMagnet collapsed, an anonymous tipster reached out to warn that the project was about to rug its users. The claim could not be independently verified, which left…
Vault Exploit Drains $4.5M From Eleven Finance's Nerve-Bridged Assets
Eleven.finance , a yield aggregator running on Binance Smart Chain and Polygon, lost $4.5 million to an exploit. Early speculation on Twitter pointed toward Nerve Finance itself be…
Debt-Forgiveness Bug Leaves Alchemix Owing Millions in ETH
Alchemix has published a post-mortem detailing a bug in its newly added ETH collateral system that inadvertently let users withdraw collateral without ever incurring the debt meant…
TITAN's Collapse Drags Iron Finance's Stablecoin Off Its Peg
No contract was hacked here — what took down Iron Finance was closer to a bank run, driven by panic among holders of its TITAN token. As confidence evaporated, the IRON stablecoin'…
Crypto Sobers Up After Its Dog-Coin Spring
The easy gains phase of this cycle appears to be over, and the market's newly heightened volatility is simply the new baseline traders will need to adjust to. Google search interes…
Flash-Loan Share Price Manipulation Drains $6.3M From Belt on BSC
A flash-loan-driven manipulation of share valuation cost Belt Finance $6.3 million, adding another entry to the string of similar exploits that hit BSC protocols during this period…
BurgerSwap Loses $7.2M as Reentrancy Hits Another Uniswap Fork
BurgerSwap became the fourth protocol in as many weeks to fall to the same category of exploit that had been plaguing the sector since the recent market downturn. Despite the patte…
Merlin Labs Hit Again Hours After Its First Exploit, Losing 200 More ETH
One exploit in a single day wasn't the end of it for Merlin Labs. Following our earlier coverage of the project's $680,000 loss, a reader pointed out that the story hadn't finished…
Another PancakeBunny Fork Falls to the Same Reward-Manipulation Trick
After the PancakeBunny exploit set the template, a nearly identical pattern of attacks has continued to surface across Binance Smart Chain . The latest victim: Merlin Lab , which l…
Flash-Loan Reward Exploit Mints Millions of SHARK Tokens on BSC
On Tuesday, May 25, 2021, BSC yield project Autoshark was exploited for approximately $745,000 in profit to the attacker — a comparatively small sum, but notable for arriving just …
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