Fun

News Feed - 2023-07-31 11:07:01

Jesse Coghlan6 hours agoBNB Smart Chain hit with copycat Vyper attack, $73K exploitedWhile Ethereum-based protocols have been hit with the majority of the exploit activity, BNB Smart Chain has also seen similar copycat exploits, according to BlockSec.3109 Total views43 Total sharesListen to article 0:00NewsJoin us on social networksThe BNB Smart Chain (BSC) has reportedly suffered copycat attacks due to a vulnerability in the Vyper programming language, following a similar vein to the exploit on the decentralized finance (DeFi) protocol Curve Finance.


Amid the exploits carried out on Ethereum, Blockchain security firm BlockSec tweeted on July 30 that around $73,000 worth of cryptocurrencies on BSC across three exploits had also been stolen.


It comes as similar exploits targeting liquidity pools on Curve Finance have racked up losses exceeding $41 million, according to current BlockSec estimates.The sheet updated. Losses have already ~$41m!https://t.co/lCaS4uEPzm https://t.co/stQYNJFS7y pic.twitter.com/P7jG8NHnV4— BlockSec (@BlockSecTeam) July 30, 2023


The vulnerability was caused by a malfunctioning reentrancy lock on Vyper versions 0.2.15, 0.2.16 and 0.3.0, which is used by a number of DeFi pools.


The programming language is believed to be one of the most widely used for Web3 projects. It was designed for the Ethereum Virtual Machine and could affect other protocols that use the afflicted Vyper versions.


Since news of the exploit broke, white hat and black hat hackers have been duking it out on-chain attempting to disrupt each other"s exploit attempts or efforts to recover funds.


Related:Pond0X token launch snafu leads to millions of dollars in losses


One potential whitehat, known as “c0ffebabe.eth,” was seemingly able to grab some funds to store for safekeeping. On July 30 they sent an on-chain message asking affected protocols to contact them to organize returning funds.Excellent news!!! hopefully we can get it backhttps://t.co/sElKdYniT1 pic.twitter.com/AEldRorQaq— Addison (@0xaddi) July 30, 2023


So far, the wallet has returned nearly 2,900 Ether (ETH) worth over $5 million to Curve according to one transaction.5M returned back to @CurveFinance pic.twitter.com/BPAvE1ZOZY— KGJR (@KGJRTG) July 30, 2023


Another transaction saw c0ffebabe.eth move 1,000 ETH to what appears to be a newly-created wallet — likely the cold wallet that they mentioned earlier.


Collect this article as an NFTto preserve this moment in history and show your support for independent journalism in the crypto space.


Hall of Flame:Wolf Of All Streets worries about a world where Bitcoin hits $1M# Blockchain# Hackers# Hacks# DeFi# BSCAdd reactionAdd reactionRelated NewsWhat are NFT royalties, and how do they work?Worldcoin is making reality look like a lot like Black MirrorMultichain MPC bridge sees $100M+ outflows, sparking fears of exploitArbitrum-based Rodeo Finance exploited for second time, $1.5M stolenCrypto lender Geist Finance shuts down permanently over Multichain hack‘Multichain was a big blow,’ says Andre Cronje as Fantom TVL slumps

News Feed

Northern Trust Testing Fractionlized Bonds on Blockchain
Custody bank Northern Trust is testing the trading of fractionalized bonds on a blockchain.  Working with Singapore-based debt markets company BondEvalue, the bank is providing ass
Traders Complain About Exchange Issues and Downtime During Bitcoin’s Volatile Price Swings
Traders Complain About Exchange Issues and Downtime During Bitcoin"s Volatile Price Swings As bitcoin and a number of digital assets saw deep losses on Monday, a
Blockchain.com CFO Says Company Could IPO in ’18-Months,’ Firm’s Balance Sheet Holds BTC, ETH
Blockchain.com CFO Says Company Could IPO in "18-Months," Firm"s Balance Sheet Holds BTC, ETH This week Blockchain.com CFO Macrina Kgil discussed how the company has surpassed $1 t
Bank of England’s Deputy Governor Says Crypto Collapse Plausible, Regulators Need to Urgently Establish Rules
Bank of England"s Deputy Governor Says Crypto Collapse Plausible, Regulators Need to Urgently Establish Rules Bank of England Deputy Governor Jon Cunliffe says that a collapse in t
Turner Wright7 hours agoBlockchain Association calls for investigation into Prometheum over alleged ‘sweetheart’ SEC dealThe group raised concerns over Prometheum’s changing position on crypto regulatory clarity an
Latam Common Currency to Focus on Settlements Among Mercosur and BRICS Countries
Latam Common Currency to Focus on Settlements Among Mercosur and BRICS Countries President of Brazil Luis Inacio Lula Da Silva clarified the scope and reach of the common currency
‘Noxious Poison’ – Bitcoin’s Market Cap Surpasses Warren Buffet’s Berkshire Hathaway Valuation
"Noxious Poison" - Bitcoin"s Market Cap Surpasses Warren Buffet"s Berkshire Hathaway Valuation For many years, the business tycoon Warren Buffet has condemned bi
Solana Tags Upper Bollinger Band For First Time Since ATH — Is Momentum Returning?
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Coinflex Launches Noncustodial Interest-Bearing Stablecoin on BCH and ETH Networks
Coinflex Launches Noncustodial Interest-Bearing Stablecoin on BCH and ETH Networks The cryptocurrency exchange Coinflex has announced the launch of a unique inte
Ezra Reguerra14 hours agoCrypto Thanksgiving: Community hails industry milestones, expresses gratitudeA community member compared crypto to a turkey that takes time to cook and expressed gratitude for the opportunity to
Helen Partz13 hours agoMetaMask security partner Blockaid secures $33M fundingIn conjunction with the $33 million raise, Blockaid said it’s coming out of stealth with customers like MetaMask and OpenSea.1691 Total view
While Its Lost 94% in Value Since the Collapse, Terra’s Fractured Ecosystem Is Still Worth $2.5 Billion
While Its Lost 94% in Value Since the Collapse, Terra"s Fractured Ecosystem Is Still Worth $2.5 Billion It’s been five months since the Terra ecosystem collapsed as tens of