DeFi Application Exploit Hidden for Seven Months ⚠️
Hashing Bits | Week-22
Events Under the Spotlight 🔎
BNB Chain Protocol Hacked Due to a Bug in safeTransferFrom
CoFiX Protocol on BNB Chain was exploited due to a bug in safeTransferFrom function which resulted in the attacker draining $140,000 from the DeFi platform. The development team later added a safety check in the smart contract.
Terra Luna’s Price Oracles Bug Issue
Terra Luna’s Mirror Protocol suffered an exploit due to a bug in price oracles that drained $2M from the Mirror Protocol.
Novo DeFi Suffered Flash Loan Attack
Novo DeFi on BNB Chain experienced flash loan attacks that drained the liquidity from the liquidity pool and caused 278 BNB ~$83K in damage.
Mirror Protocol $90M Exploit Hidden for Seven Months
DeFi application, Mirror Protocol on Terra Luna experienced a $90M exploit in October 2021 that went unnoticed for seven months before coming to the light.
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