‘Unlucky’: Agave and Hundred Finance DeFi protocols exploited for $11M

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

“It’s like you can't even trust 'safe' code,” said developer Shegen, who lost $225K in the exploit of Agave and Hundred Finance. In total, the attacker made off with around $11M.

that allowed the attacker to continue borrowing crypto before the apps could calculate the debt, which would prevent further borrowing.

Shegen told Cointelegraph that while the smart contract on Agave is essentially the same as Aave, which secures $18.4B, “every security researcher has audited it,” she said “so it’s reasonable to assume the contract is safe.” “Curve, for example, was not hacked today, because it has extra re-entrancy guards, but I don't really blame Luigy and the Agave team because it's so unlikely that this would have happened, and slipped past many people.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

We don't buy bitcoin We earn bitcoin From Mining I'm ready to show 10 lucky people how to earn 0.1BTC ($4,000) and more daily! No referral No withdrawal fees If interested, kindly send a DM

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 562. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

DeFi protocols Agave and Hundred Finance exploited on Gnosis Chain for $11 millionTwo DeFi protocols on the Gnosis Chain have suffered a flash loan-assisted reentrancy attack with $11 million stolen.
Source: TheBlock__ - 🏆 464. / 53 Read more »

DeFi protocols Agave and Hundred Finance exploited on Gnosis Chain for $11 millionTwo DeFi protocols on the Gnosis Chain have suffered a flash loan-assisted reentrancy attack with $11 million stolen.
Source: TheBlock__ - 🏆 464. / 53 Read more »

Deus Finance DAO suffers $3 million flash loan attackAn attacker has siphoned about $3 million in crypto from a DeFi protocol called Deus Finance DAO by means of a flash loan exploit. 🎉We broke ????+ users on day 14 of our V2 test🎉 🎊10 Mystery Box Giveaway🎊 1/Follow XMetaverse_ and join 2/Tag 3 friends 3/Comments take a guess the number of people end of V2 test and BSC addresses In 24hrs, 10winner for V2 test end Time! ✌🏼 deuces
Source: TheBlock__ - 🏆 464. / 53 Read more »

$3 Million in DAI and ETH Stolen From Deus Finance in the Latest DeFi HackHacks against DeFi protocols have returned after a brief hiatus, with the latest victim being Deus Finance.
Source: Crypto_Potato - 🏆 568. / 51 Read more »

Hacker Siphons $3 Million Worth of DAI and ETH From Defi Protocol Deus Finance – Bitcoin NewsAccording to a post mortem report, DeusFinance lost around $3 million worth of ethereum and the stablecoin DAI. Another day, another DeFi hack. This is what happens when you race to release your MVP. You can't do that in finance. Trading has been alot easier for me since I came in contact with Mrs layahheil pern....I made $6000 in just 7 days of trading with $500 start up.....👇👇👇 Mrs layahheil pern strategies work's like magic....I Made $5000 in just 7 days of my investment with little start up capital of $500.. you can reach her on WhatsApp..👇👇👇
Source: BTCTN - 🏆 531. / 51 Read more »