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Cross-chain decentralized exchange WOOFi hacked for over $8M.
The exploiter borrowed ~7.7M WOO as well as some other assets and sold the WOO into WOOFi. At this point WOOFi’s sPMM incorrectly adjusted WOO to an extreme price which was close to zero, and the exploiter then swapped out 10M WOO in the same transaction with almost no cost. The exploiter repeated this attack 3 times within a very short period of time, which netted about $8.75m in profits after returning the flash loans.
The WOO price has decreased by 10% in 24 hours.
#woofi #WOO/BTC #WOOX #woofipro
The exploiter borrowed ~7.7M WOO as well as some other assets and sold the WOO into WOOFi. At this point WOOFi’s sPMM incorrectly adjusted WOO to an extreme price which was close to zero, and the exploiter then swapped out 10M WOO in the same transaction with almost no cost. The exploiter repeated this attack 3 times within a very short period of time, which netted about $8.75m in profits after returning the flash loans.
The WOO price has decreased by 10% in 24 hours.
#woofi #WOO/BTC #WOOX #woofipro
$WOO Updates 🚀
Giving you Next 3x to 5x Gem 🚀🔥
Woo is native token of Woo exchange
it's market cap is above 1 Billion $
very fundamentally strong coin
ranks in top 100 coins
Buy at market price
Targets 🎯
1) 0.67$
2)0.8$
3) 1$
4) 1.2$
5) 2$
can hit these target easily in few weeks
Buy and Hodl
#WOO/BTC #woousdt #altseason2024 #5Xpotential #woofipro
Giving you Next 3x to 5x Gem 🚀🔥
Woo is native token of Woo exchange
it's market cap is above 1 Billion $
very fundamentally strong coin
ranks in top 100 coins
Buy at market price
Targets 🎯
1) 0.67$
2)0.8$
3) 1$
4) 1.2$
5) 2$
can hit these target easily in few weeks
Buy and Hodl
#WOO/BTC #woousdt #altseason2024 #5Xpotential #woofipro
How To Use Orderly's Omnichain Testnet Dapp
In an exciting move that promises to reshape the landscape of cryptocurrency trading, WOO Founder and CEO Jack Tan has announced the transition towards a stronger Centralized Finance (CeFi) and Decentralized Finance (DeFi) offering with the introduction of WOOFi Pro. Tan's vision sees a seamless blend between these two worlds, paving the way for what he predicts will be a harmonious journey through the next crypto bull run.
Connecting the Dots: An Omnichain Approach
Underpinning this monumental shift is the goal of integrating all major blockchain networks, creating a powerhouse of liquidity and a thriving collaborative ecosystem. WOOFi Pro sets the stage for users to trade effortlessly on their preferred applications and blockchains, fostering a diverse and user-centric environment. Imagine a trader on Arbitrum seamlessly exchanging assets with peers on different chains like Polygon or Optimism, all without leaving their Arbitrum home. This is the future of trading—an omnichain approach.
[In this article, i already explained about ominichain](https://www.binance.com/en/feed/post/1495649)
CEX on Steroids: Trading at Your Fingertips
Bringing the best of both worlds, WOOFi Pro offers a user-friendly mobile interface, empowering traders to execute transactions on the go. WOO X, the centralized exchange already known for its impressive daily trading volume, provides the foundation for this evolution. With a rich history of pioneering industry-firsts and a commitment to maintaining the trust of its growing community of professional traders, WOOFi Pro represents the next level.
Gasless orderbook trading is a game-changer, as it eliminates transaction fees and makes trading accessible to users without the hassle of Know Your Customer (KYC) verification. Taking control of your funds with self-custody ensures independence from third-party custodians, aligning with the principles of decentralization that are at the core of the crypto revolution.
Institutional-Grade Trading with Orderly Network
In this transformative journey, WOOFi Pro seamlessly integrates Orderly Network's institutional-grade order books, presenting users with a robust and readily available source of liquidity. Orderly Network, backed by Pantera, Dragonfly Capital, and Sequoia Capital China, is a decentralized liquidity network that bridges permissionless orderbooks with top market makers.
"The combination of WOO X and WOOFi provides users with a fully-featured off-chain or on-chain orderbook trading system. This comes as we've observed a growing subset of traders that demand access to both traditional investments and cryptocurrency trading, which has become especially prominent in the latest cycle, with a strong appetite for Real World Assets (RWAs)," Tan explained.
As WOOFi Pro sets the stage for a new era of cryptocurrency and traditional asset trading, the WOO community and traders at large can anticipate a powerful fusion of CeFi and DeFi that's set to redefine the rules of the game. It's a step towards a more inclusive, accessible, and versatile trading experience, where users have the ultimate say in their financial journey.
The future of trading has arrived. Get ready to experience it with WOOFi Pro!
Here is how you can Use Orderly's Omnichain First Dapp Testnet:
Step 1: Connecting Your Wallet
Visit woofi pro dex testnet.Connect an EVM compatible wallet like MetaMask.
Step 2: Network Configuration
Once connected, you will be prompted to add "Arbitrum Goerli Tesntet." Add it and switch to the network.You will receive notifications from MetaMask.
Step 3: Signing In and Enabling Trading
You'll be prompted to "Sign In" and "Enable Trading." Both require wallet signatures, so make sure to approve these requests when they pop up.
Step 4: Getting Test USDC
You'll need Testnet USDC to start trading. Simply select "Get test USDC" and confirm the pop-up to have test USDC in your wallet almost instantly.
Step 5: Ready to Trade
Congratulations! You're now connected and ready to trade. Use the console for trading, and feel free to adjust your leverage settings in the "Account" section of WOOFi Pro.
Step 6: Stay Updated
Don't forget to follow Orderly Network, WOOFi, and CryptoPM for frequent updates on this exciting platform.
Now you're all set to explore and experience the world of WOOFi Pro and Orderly Omnichain. Happy trading! 🚀📈
#orderlynetwork #ominichain #woofipro
Connecting the Dots: An Omnichain Approach
Underpinning this monumental shift is the goal of integrating all major blockchain networks, creating a powerhouse of liquidity and a thriving collaborative ecosystem. WOOFi Pro sets the stage for users to trade effortlessly on their preferred applications and blockchains, fostering a diverse and user-centric environment. Imagine a trader on Arbitrum seamlessly exchanging assets with peers on different chains like Polygon or Optimism, all without leaving their Arbitrum home. This is the future of trading—an omnichain approach.
[In this article, i already explained about ominichain](https://www.binance.com/en/feed/post/1495649)
CEX on Steroids: Trading at Your Fingertips
Bringing the best of both worlds, WOOFi Pro offers a user-friendly mobile interface, empowering traders to execute transactions on the go. WOO X, the centralized exchange already known for its impressive daily trading volume, provides the foundation for this evolution. With a rich history of pioneering industry-firsts and a commitment to maintaining the trust of its growing community of professional traders, WOOFi Pro represents the next level.
Gasless orderbook trading is a game-changer, as it eliminates transaction fees and makes trading accessible to users without the hassle of Know Your Customer (KYC) verification. Taking control of your funds with self-custody ensures independence from third-party custodians, aligning with the principles of decentralization that are at the core of the crypto revolution.
Institutional-Grade Trading with Orderly Network
In this transformative journey, WOOFi Pro seamlessly integrates Orderly Network's institutional-grade order books, presenting users with a robust and readily available source of liquidity. Orderly Network, backed by Pantera, Dragonfly Capital, and Sequoia Capital China, is a decentralized liquidity network that bridges permissionless orderbooks with top market makers.
"The combination of WOO X and WOOFi provides users with a fully-featured off-chain or on-chain orderbook trading system. This comes as we've observed a growing subset of traders that demand access to both traditional investments and cryptocurrency trading, which has become especially prominent in the latest cycle, with a strong appetite for Real World Assets (RWAs)," Tan explained.
As WOOFi Pro sets the stage for a new era of cryptocurrency and traditional asset trading, the WOO community and traders at large can anticipate a powerful fusion of CeFi and DeFi that's set to redefine the rules of the game. It's a step towards a more inclusive, accessible, and versatile trading experience, where users have the ultimate say in their financial journey.
The future of trading has arrived. Get ready to experience it with WOOFi Pro!
Here is how you can Use Orderly's Omnichain First Dapp Testnet:
Step 1: Connecting Your Wallet
Visit woofi pro dex testnet.Connect an EVM compatible wallet like MetaMask.
Step 2: Network Configuration
Once connected, you will be prompted to add "Arbitrum Goerli Tesntet." Add it and switch to the network.You will receive notifications from MetaMask.
Step 3: Signing In and Enabling Trading
You'll be prompted to "Sign In" and "Enable Trading." Both require wallet signatures, so make sure to approve these requests when they pop up.
Step 4: Getting Test USDC
You'll need Testnet USDC to start trading. Simply select "Get test USDC" and confirm the pop-up to have test USDC in your wallet almost instantly.
Step 5: Ready to Trade
Congratulations! You're now connected and ready to trade. Use the console for trading, and feel free to adjust your leverage settings in the "Account" section of WOOFi Pro.
Step 6: Stay Updated
Don't forget to follow Orderly Network, WOOFi, and CryptoPM for frequent updates on this exciting platform.
Now you're all set to explore and experience the world of WOOFi Pro and Orderly Omnichain. Happy trading! 🚀📈
#orderlynetwork #ominichain #woofipro