Showing only posts tagged defi. Show all posts.

How $323M in crypto was stolen from a blockchain bridge called Wormhole

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Enlarge (credit: Aurich Lawson | Getty Images) This is a story about how a simple software bug allowed the fourth-biggest cryptocurrency theft ever. Hackers stole more than $323 million in cryptocurrency by exploiting a vulnerability in Wormhole, a Web-based service that allows inter-blockchain transactions. Wormhole lets people move digital coins …

Really stupid “smart contract” bug let hackers steal $31 million in digital coin

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Enlarge (credit: Getty Images ) Blockchain startup MonoX Finance said on Wednesday that a hacker stole $31 million by exploiting a bug in software the service uses to draft smart contracts. The company uses a decentralized finance protocol known as MonoX that lets users trade digital currency tokens without some …