Ronin Network's $625M hack, the largest ever crypto theft🚨
Hashing Bits | Week-13
Events Under the Spotlight
Ola Finance Hacked for $4 Million
Voltage Finance, a platform for creating decentralized lending networks, was hacked, leading to a theft of $4 Million in $USDC, $FUSD, $BUSD, $WBTC, $WETH, and $FUSE.
The stolen funds are stored in the hacker’s wallet.
All funds within Voltage Finance’s custody are safe.
Ronin Network suffers $625-million hack
Ronin Network, an underlying infrastructure bridge powering the famous P2E game AXIE Infinity, suffered a $625 Million attack.
It is termed the largest cryptocurrency hack till now.
The Ronin bridge and Katana decentralized exchange were halted immediately.
It is observed that the attacker's wallet was funded using Binance.
A vulnerability was spotted in the BasketDAO
BasketDAO, a capital basket on Ethereum, notified the community of a vulnerability in their smart contract.
Users were advised to revoke permissions immediately.
Revest Finance exploited for $2M
Revest Finance, an NFT protocol on Fantom, Matic, and Avalanche networks, suffered an exploit.
The hack resulted in a loss of $2 Million to the NFT platform from the Revest Protocol Token Vault.
The cause of the hack is stated to be a single-contract ERC-1155 re-entrancy attack vector.
BuccaneerFi Rug Pull
BuccaneerFi rug pulled investors for 841 BNB.
The team deleted their social media accounts and routed the funds through Tornado Cash.
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