latest World Crypto News

Search and discover the latest Cryptocurrency updated Stories in Categories

24-7 World Cryptocurrency News about Blockchain, Technology and much more, only from Top Leading Sources

Euler Finance loses nearly US$200 mln in exploit

Euler Finance loses nearly US$200 mln in exploit
Euler Finance, a lending protocol that allows investors to lend and borrow a variety of crypto assets, has lost approximately US$197 million in an exploit, according to online crypto security analysts on Monday.

See related article: Hong Kong’s crypto scam losses in 2022 more than double from 2021: SCMP

Fast facts

“We are aware, and our team is currently working with security professionals and law enforcement,” the UK-based decentralized finance (DeFi) lending protocol said in a tweet . “We will release further information as soon as we have it,” it added. 

Data from smart contract auditor BlockSec shows that the losses occurred over four transactions in dai (DAI), wrapped Bitcoin (WBTC), staked ether (sETH), and USDC. 

According to analysis from crypto analytic firm MetaSleuth, the hackers were connected to a Binance Coin (BNB) exploit from January. 

DeFi platforms have become a popular target for crypto hackers, who are able to take advantage of the protocol’s open-source nature to gain unauthorized access to its assets. 

Over US$3 billion was stolen from DeFi protocols via hacks or exploits in 2022, a record breaking year for crypto hacking, according to American blockchain analytics firm Chainalysis . 

See related article: Bitcoin ATM firm accused of profiting from crypto scams via unlicensed machines: U.S. Secret Service shares this Contents always with License.

Thank you for Share!



Cool to know huh? Read the full Article

Read the full Article:  ⭲ Euler Finance loses nearly US$200 mln in exploit

Search about Crypto News


The latest Top News, only from Leading exponents of BlockChain, Bitcoin and different Accredited Crypto Currency Sources.

Since 2015, our Mission was to Share, up-to-date, those News and Information we believe to represent in an Ethical and sincere manner the current Crypto Currencies World: everything you are looking for, in one place!

We have always tried to give priority to the News; for this reason we have designed simple and intuitive, usable by all Devices, fast and effective.


Today Most Popular News

SneakPeek Script
Setup, Upload and Go!