Broken Bancor Math Drains $11M From Value DeFi's vSwap Pools
Value DeFi suffered a third exploit inside a single week. Six months earlier the protocol had lost $7M; three days before this incident it lost $10M; now an additional $11M was gon…
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Same Attacker Behind Value DeFi Hack Strikes Rari Capital's ETH Pool Hours Later
Rari Capital , a yield aggregator known partly for the young age of its development team, became the second victim of the same attacker in a single day on May 8, 2021. Hours after …
A Missing Line of Code Hands Value DeFi a Second $10M Loss
Value DeFi has now landed on the incident leaderboard twice, becoming the first protocol to repeat the feat. Back in November 2020, the project lost $7,000,000 shortly after public…
TrueBit's Silent Relaunch Sparked a $130M Bonding-Curve Scramble and Scam Rumors
The reappearance of the TrueBit protocol was surrounded by enough uncertainty that many in the community openly wondered whether it was a scam . No official announcement accompanie…
Inflate, Burn, Repeat - How a Liquidity-Share Bug Drained Spartan Protocol for $30.5M
Spartan Protocol's SPARTA/WBNB liquidity pool was drained of $30.5 million after an attacker exploited flawed logic in how the protocol calculated liquidity shares when LP tokens w…
Ethereum's Scaling Bet: Can Layer Two Hold Until the Merge?
Layer-two networks are no longer a theoretical fix — applications are already scaling on them, and fast. The open question is durability: how long will these rollups and sidechains…
Second BSC Exploit Drains $57 Million From Uranium Finance's Forked Uniswap Contracts
Uranium Finance, a Uniswap clone running on BNB Smart Chain, lost at least $57 million on April 28, 2021, after an attacker exploited a math error introduced into its UraniumPair c…
Inside the 2021 Meme Coin Mania: TikTok Hype, Safemoon, and the Rise of the Shitcoin Economy
By late April 2021, roughly three months into the latest wave of FOMO , speculative low-quality tokens showed no sign of slowing down. Traders kept posting outsized gains even as m…
EasyFi Loses $59 Million After Attacker Obtains Project's Mnemonic Keys
EasyFi became the first significant hack of a project built on the Polygon network (then still known as MATIC), after an attacker obtained the protocol's mnemonic keys and used the…
Coinbase Goes Public: Wall Street Buys a Crypto Proxy
Coinbase's direct listing on Nasdaq marks a turning point for how traditional finance engages with digital assets — though whether it represents genuine progress or a compromise of…
FEI's Peg Break Tests the Limits of Algorithmic Stablecoin Design
FEI launched with backing from Andreessen Horowitz, Framework, Coinbase, and other prominent names — a lineup that generated substantial hype but ultimately proved no guarantee of …
Force DAO's xFORCE Bug Triggers a Community-Driven Sell-Off Before a White Hat Steps In
Force DAO's token holders effectively rekt themselves after a bug was discovered in the FORCE/xFORCE contract on April 4th, 2021. At 08:50 UTC, the project's Discord posted a notic…
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