The BonqDAO Price Oracle Hack Explained (February 2023)
The attacker exploited a bug in the price feed to change the price of the $ALBT token and to borrow 100 million $BEUR.
The attacker exploited a bug in the price feed to change the price of the $ALBT token and to borrow 100 million $BEUR.
Brief overview of the incident On 11 November 2021, the biggest cryptocurrency exchange Binance reported to its users on the issue related to DOGE network withdrawals that took place the previous day. After the network update, the previously failed withdrawals got resent. Binance also informed its users that DOGE network withdrawals would be suspended for
Despite the significant growth of Bitcoin and other cryptocurrencies prices in 2020, the amount of stolen crypto as a result of hacks is actually less than in 2019. According to the Ciphertrace report, the total amount of stolen funds equals ~468 mln USD. Most of the attacks in 2020 were made on DeFi projects which
Last 2 weeks, the hottest crypto market topic was the KuCoin Hack. Our team highly values the need for user awareness of such threats, so here is a presentation of the research that was carried out by our specialists. Nevertheless, the issue of preventing such situations is of greater importance at the moment. Our experts