Dough Finance loses $1.8M in flash loan attack

Decentralized finance protocol Dough Finance lost $1.8 million in digital assets after a flash loan attack on the protocol.that they had detected multiple suspicious transactions. The company communicated with lending protocol Aave to check if pools were affected. However, the security firm confirmed that pools within Aave were safe.

Despite this, Dough Finance suffered the brunt of the attack. According to Cyvers, the attacker was funded through the zero-knowledge protocol Railgun and swapped the stolen USD Coin and security keys.

Canada Canada Latest News, Canada Canada Headlines

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

Community as a key driver in the future of Web3 security: Interview with Hats FinanceWeb3 security has become a cat-and-mouse game between exploiters and auditors. Here’s how incentivizing the community would help
Source: Cointelegraph - 🏆 562. / 51 Read more »

The best finance and security apps for college studentsAmy Skorheim has an English degree from UCLA and has been a commerce writer for six years, covering tech, men’s gear and outdoor paraphernalia. Her work has appeared in publications that include Futurism, Digg and Huckberry. After four years as the managing editor of GearMoose, she joined the commerce team at Engadget in 2022.
Source: engadget - 🏆 276. / 63 Read more »

Web3 users hit 10M in Q2, MetaMask to enhance security: Finance RedefinedThe second quarter saw a record number of Web3 unique daily active wallets, but DappRadar cautioned the growth may be due to temporary airdrops.
Source: Cointelegraph - 🏆 562. / 51 Read more »