đïžWeekly Update (July 15 - 21)
What happened last week?
Dive into last week's developments with Salus Intelligence. Discover key highlights in web3 security and technology. —ïž
1. Users of @lifiprotocol lost approximately $10M due to an exploit targeting infinite approvals. The protocol faced an identical hack back in 2022 losing $600K.
2. The cross-chain DeFi lending protocol @Minterest suffered a $1.4M loss in a flash loan attack.
3. trip[dot]com faced severe backlash after abruptly shutting down its NFT project @TrekkiNFT, which had promised staking and "travel to earn" features.
4. @WazirXIndia exchange hacked for $235M, pausing withdrawals after a multisig wallet was compromised. The attacker sold off tokens, causing significant drop in multiple token prices.
5. @RhoMarketsHQ faced a $7.6M oracle breach. The team has secured and reassigned the funds.
6. ETHTrustFund on the Base chain was rug pulled, leading to a whopping $2.1M loss for investors.
