hacker | BeeSyst

DeFi Ola Finance’s credit protocol lost $3.6 million in a hack

April 4, 2022

According to PeckShield, a blockchain and cryptocurrency information security company, hackers used their own funds as collateral for an initial loan. Then, thanks to a vulnerability in a smart contract, they were able to withdraw their funds from the loan collateral. By repeating this action several times, the hackers obtained an unsecured loan of $3.6 million.

Coinbase paid $250,000 to a hacker for discovering a serious vulnerability

February 23, 2022

Kannnaf Mysterious 0

According to a company blog article, Tree of Alpha reported the vulnerability to the company on the evening of February 11. He wrote that “he urgently needed to talk to Coinbase managers or developers, as the problem could not wait. Exchange specialists contacted the hacker and began work on fixing the vulnerability.

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DeFi Ola Finance’s credit protocol lost $3.6 million in a hack

Coinbase paid $250,000 to a hacker for discovering a serious vulnerability