Wednesday, February 1, 2023
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Terms and Conditions
  • Contact us
coindesk, cointelegraph, ftx, coindesk ethereum, coindesk luna, coindesk ceo, cointelegraph news, cointelegraph app,
No Result
View All Result
  • Home
  • BITCOINS
  • CRYPTO NEWS
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • NFT
    • MINING
    • Regulations
  • BLOCKCHAIN
  • WEB3
  • METAVERSE
  • Guides 99
  • Cryptocurrency Wallets
  • Margin Trading
Crypto Marketcap
  • Home
  • BITCOINS
  • CRYPTO NEWS
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • NFT
    • MINING
    • Regulations
  • BLOCKCHAIN
  • WEB3
  • METAVERSE
  • Guides 99
  • Cryptocurrency Wallets
  • Margin Trading
No Result
View All Result
coindesk, cointelegraph, ftx, coindesk ethereum, coindesk luna, coindesk ceo, cointelegraph news, cointelegraph app,
No Result
View All Result
Home Scam Alert

Solana protocol CremaFinance hacked for $8.7 million

by cryptostandard
July 4, 2022
in Scam Alert
Reading Time: 2 mins read
A A
0
#


CremaFinance, a liquidity protocol on Solana, was exploited for over $8.7 million this weekend, the platform confirmed on Monday.

The hack follows an exploit within the decentralized finance platform’s tick account, Crema said in an replace.

As soon as they managed to create the faux account, the attacker was in a position to “circumvent” a routine safety examine, resulting in the withdrawal of tens of millions of {dollars} in crypto.

6) In CLMM, the calculation of transaction charges primarily depends on the information in tick account. Because of this, the genuine transaction price knowledge was changed by the faked knowledge so the hacker accomplished the stealing by claiming an enormous price quantity out from the pool.

— CremaFinance (@Crema_Finance) July 3, 2022

The Solana-based protocol introduced a brief pause to its service, noting it had initiated an investigation into the exploit with the assistance of trade’s main safety companies.

“The hacker swapped the stolen fund into 69422.9SOL and 6,497,738 USDCet through Jupiter. The USDCet was then bridged to the Ethereum community through Wormhole and swapped to 6064ETH through Uniswap after that,” Crema mentioned in a tweet.

The assault on Crema is one amongst a number of DeFi assaults in 2022, with blockchain safety analytics platform Chainalysis reporting that about 97% of crypto assaults inside Q1 had been linked to DeFi.

Among the many billions stolen year-to-date from protocols are excessive profile losses just like the $615 million on Axie Inifinity’s Ronin bridge; the $320 million heist from Wormhole; the $181 million Beanstalk flash mortgage assault and the $30 million hack on Optimism.

Monitoring web site REKT Database exhibits over $3.6 billion has been misplaced to hackers over the previous 12 months, with simply over $1.1 billion returned.





Source link

Tags: Bitcoin NewsCremaFinanceCrypto NewsCrypto StandardCrypto UpdateshackedLatest Bitcoin NewsmillionProtocolSolana
Previous Post

Public firms holding Bitcoin face impairment losses amid market crash

Next Post

CEX.IO Highlight: Aurus (AWX, AWG, AWS)

Related Posts

UK dwelling to a whole bunch of firms working crypto, foreign exchange scams

by cryptostandard
January 31, 2023
0

The Bureau of Investigative Journalism (TBIJ) has recognized 168 firms accused of working working crypto or fraudulent international alternate buying...

UK regulator is investigating a charity linked to FTX

by cryptostandard
January 30, 2023
0

UK’s Charity Fee says it opened the investigation into Efficient Ventures Basis on 19 December. FTX collapsed in November and...

DOJ seeks Bankman-Fried ban for alleged witness affect

by cryptostandard
January 28, 2023
0

US prosecutors argue that Sam Bankman-Fried tried to affect Ryne Miller, the Normal Counsel of FTX US. The previous FTX...

Robinhood confirms Twitter hack that promoted fraudulent crypto token

by cryptostandard
January 25, 2023
0

Robinhood confirmed that a number of of its social media accounts had been breached earlier at present in a press...

Crypto ransomware funds fall 40% in 2022

by cryptostandard
January 20, 2023
0

Funds collected by ransomware assaults fell to $456.8 million in 2022 from a excessive of $765.6 million in 2021, based...

Load More
Next Post

CEX.IO Highlight: Aurus (AWX, AWG, AWS)

BTC, ETH Hover at Key Assist Ranges to Begin Week – Market Updates Bitcoin Information

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

ADVERTISEMENT
#
#
  • Trending
  • Comments
  • Latest

After approving a crypto mining website, an environmental group has filed a lawsuit in opposition to New York

January 16, 2023

Greatest Crypto Gainers At the moment December 31

January 2, 2023

LUNC value prediction – Will it Lastly Attain $1 in 2023?

January 3, 2023

Over 60% of US dad and mom need faculties to show about cryptocurrency

August 24, 2022

BlockFi Administration Hasn’t Withdrawn any Crypto Since October, Legal professionals Inform Courtroom

January 9, 2023

Why Crypto Software program Firm ConsenSys Is Sacking Practically 100 Employees

January 19, 2023

How You Can Forestall Hackers From Stealing Your NFTs

February 1, 2023

Indigenous artwork collective purchases ‘city oasis’ in Seattle with plans to construct cultural centre

February 1, 2023

Polygon (MATIC) Killer? Prime Analyst Says One Layer-2 Could Have Legs To Turn out to be Dominant Ethereum Scaling Answer

February 1, 2023

Cathie Wooden’s ARK Make investments expects BTC at $1M by 2030

February 1, 2023

Randall Crater, Founding father of “My Large Coin” Sentenced

February 1, 2023

BTC/USD May Drop Beneath $22,500 Help

February 1, 2023
coindesk, cointelegraph, ftx, coindesk ethereum, coindesk luna, coindesk ceo, cointelegraph news, cointelegraph app,

Find the latest Bitcoin, Trending Crypto Updates, Altcoins, Blockchain, NFTs, Crypto Regulations, Interviews, Price Analysis, and more at Crypto Standard

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • Mining
  • NFT
  • Regulations
  • Scam Alert
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Crypto Standard.
Crypto Standard is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • BITCOINS
  • CRYPTO NEWS
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • NFT
    • MINING
    • Regulations
  • BLOCKCHAIN
  • WEB3
  • METAVERSE
  • Guides 99
  • Cryptocurrency Wallets
  • Margin Trading

Copyright © 2022 - Crypto Standard.
Crypto Standard is not responsible for the content of external sites.