Crypto M - Crypto News
2.27K subscribers
15.9K photos
194 links
Your #1 destination for the latest and most unbiased market news on Bitcoin, Ethereum, NFT, Fintech, Web3, DeFi, and Blockchain.
Download Telegram
🚀 Security Alert: Vulnerability in MoonwellDeFi Smart Contracts Exploited

According to BlockBeats, BlockSec's system has detected a series of suspicious transactions targeting MoonwellDeFi's smart contracts deployed on the Base and Optimism chains. Analysis indicates that the incident stems from issues with off-chain oracle data providing token prices (rsETH/ETH). This vulnerability may have been exploited by MEV bots, resulting in losses exceeding $1 million.

#SecurityAlert #MoonwellDeFi #SmartContracts #BlockBeats #BlockSec #MEVbots #TokenPrices #OracleData #BaseChain #OptimismChain #Vulnerability #Exploited #Losses #DeFi #ETH #OP
🚀 Polycule Trading Bot Exploited, User Funds Stolen

According to PANews, PMX's official announcement revealed that its Polycule trading bot was exploited by hackers last night, resulting in the theft of user funds. The source of the vulnerability has been identified, and a patch along with an audit is scheduled to be released by the end of the week. The officials stated that only approximately $230,000 of user funds were affected. Once the system is restored, compensation will be provided to affected users on the Polygon chain, restoring their balances to pre-attack levels.

#PolyculeTradingBot #Exploited #UserFundsStolen #Hack #SecurityBreach #PolygonChain #PMX #Patch #Audit #Compensation