Fantom-based protocol Fantasm suffers $2.73M exploit🚨
Hashing Bits | Week-10
Events Under the Spotlight
Top MLB Insider’s Twitter Account Gets Hacked
Jeff Passon’s, an ESPN insider’s Twitter account, was hacked.
Passan’s account got taken over by a user trying to promote NFTs.
Multiple retweets from an NFT website immediately followed – and everyone knew that Passan had been hacked.
PirateX - an NFT adventure gaming platform was attacked
When users deposited tokens in the smart contract, their tokens were routed to an EOA account and,
The funds were returned when the users withdrew their tokens.
The smart contract will call the
Transferfromfunction for the same.The attacker made a profit of 212 BNB performing this.
Fantom's DeFi Fantasm Finance (FSM) Exploited; $2.73M Lost
Fantasm Finance, an algorithmic trading platform on the Fantom network’s collateral reserves, was exploited.
The hacker exchanged all the profits of $2.73 Million (1,007 ETH) for ETH routing the funds through
Tornado Cash.
Tether Shiba Rug Pull
Tether Shiba, a meme coin on BSC, rug pulled investors by deleting their social media accounts.
Bacon Protocol Hacked: Reportedly $1M Lost
Bacon Protocol, a platform that allows homeowners to mortgage their properties as NFT, suffered a re-entrancy attack in the contract.
The attack enabled the attacker to pocket more
$bHOMEtokens than they should, suffering a total $1 million loss.
To the Numerophiles out there 🔢
The report says that trading in NFTs spiked
21,000%to more than $17 billion in 2021.
More From the Editor’s Desk
If you are scrolling on any digital medium, NFTs is one word that will always appear on your screen and leave you amazed! Why? Because the world is going crazy over this new concept, that might be the next big revolution for the asset industry.
Utility NFTs are the next natural step of NFTs — they encompass what’s good about NFTs and make things even better for buyers by including attractive, redeemable perks that come with owning the NFT.
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