Arbitrum-based Rodeo Finance loses $1.5 million in latest DeFi exploit

indicates that the attacker transferred the ill-gotten gains from Arbitrum to Ethereum. They then exchanged the stolen tokens for various other assets before converting them back to ether. The final stage of the exploit saw the ether being routed through Tornado Cash, a popular transaction mixer on the Ethereum network, effectively obfuscating the trail of funds.Flash loans are a peculiar feature in the DeFi space, offering loans that must be returned within the same transaction.

Originally designed to facilitate arbitrage trading and improve capital efficiency, these mechanisms have unfortunately become tools for hackers who manipulate DeFi price data feeds, also known as oracles, to execute exploits.This exploit is not an isolated occurrence, rather it is part of a trend that has been plaguing the Arbitrum ecosystem over the past few months. In April, Sentiment, another DeFi protocol running on Arbitrum, lost $1 million to a hacker.

ایران آخرین اخبار, ایران سرفصلها

Similar News:همچنین می توانید اخبار مشابهی را که از منابع خبری دیگر جمع آوری کرده ایم، بخوانید.

DeFi protocol Arcadia Finance hacked on Ethereum and Optimism for $455kWhile the investigations are underway, Arcadia’s code houses another vulnerability, which could prove catastrophic for the protocol if exploited. PeckShield reveals the cause of Arcadia Finance hack. The code did not validate untrusted inputs. Hacker drained $455K from darcWETH and darcUSDC vaults.
منبع: Cointelegraph - 🏆 562. / 51 ادامه مطلب »

France upbeat on attracting major Tesla investment, finance minister saysFrench Finance Minister Bruno Le Maire on Sunday said he was 'very hopeful' Tesla Chief Executive Elon Musk will pick France for a substantial investment linked to the production of electric vehicles in Europe.
منبع: Reuters - 🏆 2. / 97 ادامه مطلب »

Turkey aims to ensure fiscal discipline and lower budget deficit, finance minister saysTurkey is taking measures to re-establish fiscal discipline and control the level of the budget deficit, Finance Minister Mehmet Simsek said on Sunday.
منبع: Reuters - 🏆 2. / 97 ادامه مطلب »