Today news
About the same in other media
Here’s how BadgerDAO’s $120 million exploit played out, Rekt explains
Reading now: 659
ambcrypto.comEarly on Thursday, news of the Bitcoin DeFi protocol BadgerDAO suffered a $120 million exploit that shocked the cryptocurrency industry. While the platform had shared an initial diagnosis of the attack on Twitter, the Rekt blog has now come up with a detailed post-mortem of the hack. It stated, “the badger is dead.”
According to Rekt, the attack had taken place on the front end of the application. The exploiter was able to insert additional approvals to send users’ tokens to their own address. The lost trust was then used by the attacker to fill up their own wallet.
Analytics platform DeFi yield also weighed in on the same, stating,
“Many impacted users alleged that while receiving yield farming rewards and engaging with Badger vaults, their
Read more on ambcrypto.comAbout this in other media
South Africa's financial regulator plans to introduce framework aimed at protecting vulnerable crypto investors: report cointelegraph.com /2 years ago
TechScape: how China became an AI superpower ready to take on the United States theguardian.com /2 years ago
South Korea’s Potential Next President Calls Crypto ‘A Means of Trading & Investment’ cryptonews.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
