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Crypto Start Up Suffered $8 Million Hack Attack Berlin-based cryptocurrency trading aggregator LI.FI has been hacked for $8 million, according to blockchain security firm PeckShield. In a post on social media platform X, the cryptocurrency startup warned users against interacting with any apps supported by LI.FI for now. The project's team is currently in the process of investigating a potential exploit. “Only users who manually set infinite confirmations appear to be affected,” the Crypto Start Up project added. DEX trading platform Oku Trade announced that it has temporarily disabled LI.FI from Oku Bridge. This isn't the first time LI.FI has experienced a security breach. In March 2022, approximately $600,000 worth of USDC, MATIC, AAVE and other tokens were stolen from 29 wallets. In fact, according to PeckShield, the bug is “basically the same” this time, meaning the project hasn't learned from its previous mistakes. In 2022, the hacker managed to steal hundreds of thousands of dollars by exploiting the protocol's pre-bridge swap feature. The funds were stolen in a single transaction. “The attacker started by passing a small amount of legitimate exchange followed by multiple direct calls to various token contracts,” the project said. The start-up claimed that the attack occurred because it failed to finish the audit earlier. He added that security measures needed to be improved "drastically". In July 2022, LI.FI raised $5.5 million in funding from the likes of Coinbase and Lattice Capital. In May 2023, it introduced a token bridge as well as a decentralized exchange aggregator.
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🗣️Donald Trump: If we don't do it, China or other countries will. (About the deregulation of the crypto sector)
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Richard Teng: "Excited to announce Guilherme Nazar as our new Head of Latin America! LatAm is a key region for #Binance with its rising crypto adoption, and we are confident in Gui's ability to further develop this industry in the region. " Full announcement 👇
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Whale Awakened After 6 Months with Large Binance Purchase, Altcoin Price Jumped Up! 6 months later, Balina played a major role in the price increase by 15% by withdrawing a large amount of Pendle from Binance. According to the post shared by on-chain data and analysis platform Spot On Chain on Twitter on July 15, a whale withdrew 851,298 Pendles (PENDLE) worth $3.73 million from Binance, the world's largest cryptocurrency exchange, after 6 months of inactivity. In parallel with the transfer in question, the PENDLE price recovered by approximately 15%. The whale in question currently holds 1.703 million Pendles worth $7.51 million. Whale has also made unrealized profits worth $2.76 million, corresponding to 58.2% in this position. This large-scale transaction and the subsequent price movement aroused great interest in PENDLE specifically. Analysts predict that this transfer may create more volatility on the market and encourage other investors to take similar steps. According to CoinGecko data, it is trading at $4.44 at the time of writing, showing an upward performance of 14.1% in the last 24 hours.
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BNB Chain'deki kayıplar bu çeyrekte %87 düştü! 🛡️ Tarafından katkıda bulunulan en son güvenlik raporunu inceleyin Selam! 👇 https://www.bnbchain.org/en/blog/q2-2024-bnb-chain-hack-losses-down-87-yoy-salus-security
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