Crypto lender Geist Finance shuts down permanently over Multichain hack
The $29 million TVL lending platform is shutting down because its oracles are misreporting Multichain token values after the exploit. Go to Source Powered by WPeMatico
Exploit
Auto Added by WPeMatico
Multichain Executor has been ‘draining’ AnySwap tokens: Report
The contract has used an “anySwapFeeTo” function to transfer hundreds of thousands of dollars worth of tokens to itself, which on-chain sleuth Spreek suspected may have been malicious. Go to Source Powered by WPeMatico
Multichain’s ‘mysterious withdrawals’ have whiffs of a ‘rug pull’ — Chainalysis
Chainalysis told Cointelegraph that they were “describing it as a possible rug pull,” based on an analysis of Multichain’s spurious transactions and internal problems. Go to Source Powered by WPeMatico
Pink, Pussy, Venom, Inferno — Drainers coming for a crypto wallet near you
Crypto wallet drainers, or sweepers, are malicious smart contracts that can quickly empty a crypto wallet of its funds and are a standard tool for phishing scammers. Go to Source Powered by WPeMatico
Multichain MPC bridge sees $100M+ outflows, sparking fears of exploit
Some Multichain contracts on Ethereum suffered withdrawals of more than half of their deposits, causing on-chain sleuths to fear an exploit is underway. Go to Source Powered by WPeMatico
Chibi Finance $1 million alleged rug pull: How it happened
The exploiter used a “panic” function buried within eight different smart contracts to remove $1 million worth of users’ funds without their permission. Go to Source Powered by WPeMatico
Poly Network urges users to withdraw after exploit affects 57 crypto assets
The Poly Network has been exploited again, this time due to compromised private keys according to blockchain security firm Dedaub. Go to Source Powered by WPeMatico
Atomic Wallet gives major update on hack but questions remain unanswered
The statement is the first major update from the wallet provider since the exploit in early June, but users are still in the dark about the actual cause. Go to Source Powered by WPeMatico
Hashflow assures users will be made ‘whole’ following $600K exploit
The trading platform has provided instructions for the recovery of funds lost through a contract approval vulnerability. Go to Source Powered by WPeMatico
Losses from crypto rug pulls outpaced DeFi exploits in May: Beosin
Over $45 million was lost to exit scams in May while exploits on DeFi protocols racked up less than half that amount over the same period. Go to Source Powered by WPeMatico
