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Tag Archives: Hacking

Pancake Bunny Exploit: $44 Million Stolen as BUNNY Token Crashed 99% in Seconds

Pancake Bunny, Binance Smart Chain’s largest yield aggregator service, has suffered a flash loan attack in which over $44M was stolen by an outside exploiter. Pancake Bunny’s underlying native token, BUNNY, crashed from $150 to $1 within seconds. Bunny Fam Today at 10:34 UTC, PancakeBunny was attacked with an economic exploit that crashed the price of BUNNY. None of the vaults have been compromised. Team Bunny is currently working on solutions and will provide a report as...

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PancakeSwap Lottery Hack: $1.8 Million in Question

The Binance Smart Chain continues to see some of the projects being built on it exploited. The latest was done by someone who had access to the PancakeSwap admin address. The Exploit It’s an age-old problem with smart contracts: randomness. Solidity has no native random function, and all sources of randomness have to be on-chain. Projects use things like block headers, transaction hashes, and more to create legitimate sources of randomness, but none are truly random – they...

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Spartan Protocol on Binance Smart Chain (BSC) Exploited: $30 Million Stolen

Spartan Protocol, a DeFi project on Binance Smart Chain, was exploited for over $30.5m. The hacker’s whereabouts are unknown, and a second version of Spartan Protocol is currently being rebuilt with implemented bug fixes. What is/was Spartan Protocol? Spartan Protocol provided a platform for incentivized liquidity and synthetic assets. The SPARTA token had an internal pricing mechanism without having to rely on external oracles for price settlement. Such a system could...

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$50M Drained From Uranium Finance: Hack or Rug Pull?

$50 million worth of various cryptocurrencies has disappeared from the automated market maker platform running on the Binance Smart Chain – Uranium Finance. While the team behind the project claims the funds were stolen, the cryptocurrency community speculates of a possible rug pull. $50M Gone From Uranium Finance The DeFi project took it to Twitter today to explain the exploit which targeted its v2.1 token migration event. More specifically, Uranium argued that the hackers...

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$100 Million in Monero (XMR) Ransom Reportedly Demanded from Computer Giant Acer

The Taiwanese multinational hardware and electronics company, Acer, is purportedly the latest popular organization to fall victim to the notorious REvil ransomware attack. According to recent reports, the perpetrators have requested one of the largest demands so far of up to $100 million paid in the privacy cryptocurrency – Monero.Ransomware Attack on AcerHeadquartered in New Taipei City, Acer is among the world’s largest manufacturers of computer hardware and electronics with revenue of over...

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DeFi Hacks Continue: Decentralized Exchange DODO Exploited for up to $3.8M

The hacks and exploits on DeFi projects continue, and the latest victim to fall is the decentralized exchange platform – DODO. The attack targeted several V2 Crowdpools, and the stolen amount could go as high as $3.8 million.DODO Victimized by HackersThe decentralized finance sector is no stranger to malicious attacks and harmful exploits. The decentralized exchange and liquidity provider DODO is the latest to join the growing number of victims.As the first complaints occurred on Twitter, the...

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First Major Rug Pull on Binance Smart Chain? Over $30 Million Drained

Binance Smart Chain has become somewhat of a hot topic amid DeFi gem seekers in the past few weeks.The network saw an influx of new projects, reminiscing of the early days of the DeFi craziness last summer.In any case, hours ago, the community was shocked earlier today when news broke out that one of the newer protocols, Meerkat Finance, was drained.Meerkat Finance is a yield farming protocol that runs on Binance Smart Chain, and a few hours ago, the team revealed that it was “hacked” and...

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Verge (XVG) Goes Through an Attempted 51% Attack

Verge, a privacy-centric cryptocurrency, reportedly suffered an attempted 51% attack, causing a massive blockchain reorganization, which wiped off over six months of transactions.200 Days Worth of Verge Transactions Wiped OffThe issue was first revealed by Antoine Le Calvez, chief data engineer at blockchain research company Coin Metrics. Tweeting on February 15, Le Calvez noted that 0over 560,000 blocks were affected.Le Calvez’s colleague, Lucas Nuzzi, who is Coin Metrics’ network data...

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CREAM Finance Exploited, Price Crashes 30% Instantly

CREAM Finance, one of the more popular projects in the field of Decentralized Finance (DeFi), has been exploited. The price for its CREAM token has dropped by 30% in less than a few minutes after the news broke out.The official Twitter account of CREAM Finance revealed earlier today that the protocol has been exploited.We are aware of a potential exploit and are looking into this. Thank you for your support as we investigate.We are aware of a potential exploit and are looking into this. Thank...

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South Korean Conglomerate Hanwha Set To Acquire A $50M Stake In UPbit’s Operator

The brokerage arm of the South Korean business conglomerate Hanwha Group is reportedly set to acquire a 6.15% stake in Dunamu – the operator of the popular cryptocurrency exchange UPbit. The deal will take place on February 22nd, 2021.According to the KoreaHerald coverage, Hanwha Investment and Securities has agreed to buy 2.06 million shares in Dunamu.The deal will become official later this month for a total price of 58.3 billion won ($52 million).The South Korea-headquartered financial...

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