Stablecoin DEX Saddle Finance hacked for $10 million

  • 📰 TheBlock__
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 53%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

A smart contract audit firm called BlockSec discovered the exploit and notified Saddle.

A smart contract audit firm called BlockSec was the first to notice the exploit andBlockSec was able to rescue $3.8 million from the exploiters with an internal system that can detect and front-run hacking incidents using off-chain arbitrage bots called flashbots.

"The project was taken for around 4,900 ether . Among them, 1,360 ether was rescued by us," BlockSecTeam told The Block on Twitter. Still, the hacker made off with more than $10 million in ETH from Saddle’s liquidity pools. Saddle Finance

 

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

So bullish on $Kiba. The team have put a burn function in the contract making Kiba deflationary also KIBA is an official sponsor of the European Cricket League KIBARMY

ffs... we should NOT be hearing so much hacking news. Bad for image.

People, we need to tell everyone about this!

BTC keeps fluctuating and many investor are loosing their money. I invest 70% of my crypto and stake 30% on smart contract and generate good rewards. put your crypto assets to work instead of just letting it sit around in your wallet. DM / Invest with Candicestewartt.

This past few months I must say has been the best I've had for a while now. I've heard of crypto but was too scared to get involved until I met jaalen_kenrick who help me understand the pros and cons of crypto trading which I've earned over 1BTC from the market

How may I implement something like this?

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:

 /  🏆 464. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines