Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Solana (SOL) keeps land in tight reach – Traders looking at Directional Cue

2025-05-20

The Bitcoin bet from El Salvador, now $ 357 million, because BTC is approaching

2025-05-20

Trump’s tax assessment is progressing in the congress – good for the adoption of crypto?

2025-05-20
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Taiko Alethia launches the most expected Pacaya Hardfork -upgrade on MAINNET

    2025-05-20

    Weaver Labs stimulates AI-led decentralized connectivity, joins Imagen Network

    2025-05-19

    Cdari works together with Laika Ai to strengthen blockchain -intelligence about chains

    2025-05-19

    Vitaminai and Blocx partner to stimulate security and productivity by bridging Web2 and Web3

    2025-05-19

    Sentismai integrates Kyberswap for seamless EVM -Kettingwaps

    2025-05-19
  • NFT

    Guild of Guardians leads with a huge volume of $ 796.62k

    2025-05-20

    Solana Meme Coin Ponke Set to release assembly objects, clothing via Jcorp Spinout

    2025-05-19

    The most popular collections of the moment on blockchain

    2025-05-18

    Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

    2025-05-17

    Ethereum is at the top of the charts in weekly NFT sales with $ 44.7 million in sales volume

    2025-05-16
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Solana (SOL) keeps land in tight reach – Traders looking at Directional Cue

    2025-05-20

    Graph signal running to new ATH

    2025-05-19

    BlackRock’s Buidl to Power Bouncebit’s new RWA Yield Strategy Platform

    2025-05-19

    Finish Bitcoin price inches in the direction of all time-can Momentum?

    2025-05-19

    XRP -Price confirms Bullish reversing settings with this demand zone

    2025-05-19
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-10
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Scam»Ethereum-Based Decentralized Finance Protocol Loses $3,260,000 in ETH to Hackers
Ethereum-Based Decentralized Finance Protocol Loses $3,260,000 in ETH to Hackers
Scam

Ethereum-Based Decentralized Finance Protocol Loses $3,260,000 in ETH to Hackers

2023-07-22No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

A decentralized finance (DeFi) protocol built on top of the Ethereum (ETH) smart contract platform has been hacked at a cost of approximately $3.2 million.

New data shows that Conic Finance (CNC), which provides omnipools or liquidity pools that allow all trades on a network to take place in a single transaction, has lost to Curve Finance (CRV) exploited for $3.26 million, according to crypto security firm Beosin.

In response to the attack, which only affected the Ethereum omnipool of the protocol, Conic Finance handicapped pour in.

However, about an hour later, Conic as long as an update saying the exploit has been fixed so it can never happen again.

“The root cause was a re-entry attack that could be executed due to a wrong assumption about what address is returned by the Curve Meta Registry for ETH in Curve V2 pools. A solution is implemented for the affected contract.

The exploit cannot be redone for the ETH Omnipool. Recordings are safe. This problem does not affect other Conic omnipools. A more detailed post-mortem will be published soon.”

Conic says yes reached out through the transaction to the malicious person and warns that someone else who contacts users to recover money is trying to scam them.

“Conic has contacted the exploiter via a [transaction] sent from the official Conic Multisig address. Other [transactions] claiming to recover money on behalf of Conic his scam.

The debacle had a significant impact on CNC’s price. The digital asset fell as much as 77.16% on the day, falling quite from $5.92 all the way to $1.34. It has since recovered and is trading at $2.90 at the time of writing.

See also  Sam Bankman-Fried Says Alameda Didn't Hedge After $30,000,000,000 Drop in Assets: Report

Don’t Miss Out – Subscribe to receive email alerts delivered straight to your inbox

Check price action

follow us on TwitterFacebook and Telegram

Surf the Daily Hodl mix

Image generated: Midway through the journey



Source link

Decentralized ETH EthereumBased Finance Hackers loses Protocol
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Weaver Labs stimulates AI-led decentralized connectivity, joins Imagen Network

2025-05-19

Ethereum: Why this analysis company expects ETH $ 6K to hit in 2025

2025-05-19

Ethereum vs. S&P 500: Despite winning, ETH traders cash in – why?

2025-05-18

Ailayer forges Alliance with Gaea to create a decentralized AI-driven metaverse

2025-05-18
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Bitcoin’s post -at -Sentimental shift -What does the behavior of investors tell you?

2025-03-22

Cayman Islands Tighter become Crypto rules with mandatory licenses from 1 April

2025-03-10

‘Overwatch’ Esports League bans crypto, NFT and AI sponsors

2024-02-01
Editors Picks

How Lido continues to see green despite DeFi’s volatility

2023-07-04

New study calls ChatGPT-4 for declining performance

2023-07-25

Lisk (LSK) Price Prediction 2024 2025 2026 2027

2024-01-04

Mila Kunis’ Stoner Cats banned from NFT marketplaces after SEC complaint

2023-09-18
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Solana (SOL) keeps land in tight reach – Traders looking at Directional Cue

The Bitcoin bet from El Salvador, now $ 357 million, because BTC is approaching

Trump’s tax assessment is progressing in the congress – good for the adoption of crypto?

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$105,514.343.09%
  • ethereumEthereum(ETH)$2,542.917.17%
  • tetherTether USDt(USDT)$1.00-0.01%
  • rippleXRP(XRP)$2.362.27%
  • binancecoinBNB(BNB)$650.192.21%
  • solanaSolana(SOL)$168.394.79%
  • usd-coinUSDC(USDC)$1.000.02%
  • dogecoinDogecoin(DOGE)$0.2242773.83%
  • cardanoCardano(ADA)$0.742.99%
  • tronTRON(TRX)$0.2711053.34%
  • suiSui(SUI)$3.865.19%
  • chainlinkChainlink(LINK)$16.057.29%
  • avalanche-2Avalanche(AVAX)$22.444.61%
  • hyperliquidHyperliquid(HYPE)$26.504.22%
  • stellarStellar(XLM)$0.2846442.42%
  • shiba-inuShiba Inu(SHIB)$0.0000153.66%
  • hedera-hashgraphHedera(HBAR)$0.1957774.33%
  • unus-sed-leoUNUS SED LEO(LEO)$8.711.64%
  • bitcoin-cashBitcoin Cash(BCH)$392.253.69%
  • the-open-networkToncoin(TON)$3.050.68%
  • litecoinLitecoin(LTC)$97.182.54%
  • polkadotPolkadot(DOT)$4.634.01%
  • moneroMonero(XMR)$348.662.26%
  • bitget-tokenBitget Token(BGB)$5.162.57%
  • pepePepe(PEPE)$0.0000134.71%
  • daiDai(DAI)$1.000.01%
  • piPi(PI)$0.741.30%
  • ethena-usdeEthena USDe(USDE)$1.00-0.01%
  • aaveAave(AAVE)$266.0524.52%
  • uniswapUniswap(UNI)$5.994.54%
  • bittensorBittensor(TAO)$421.196.56%
  • nearNEAR Protocol(NEAR)$2.815.05%
  • aptosAptos(APT)$5.196.32%
  • okbOKB(OKB)$52.260.41%
  • ondo-financeOndo(ONDO)$0.945.27%
  • kaspaKaspa(KAS)$0.1104846.21%
  • ethereum-classicEthereum Classic(ETC)$18.525.67%
  • internet-computerInternet Computer(ICP)$5.254.59%
  • gatechain-tokenGateToken(GT)$21.510.63%
  • crypto-com-chainCronos(CRO)$0.0969462.86%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.861.67%
  • mantleMantle(MNT)$0.730.52%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2345552.46%
  • render-tokenRender(RENDER)$4.697.91%
  • vechainVeChain(VET)$0.0281904.10%
  • ethenaEthena(ENA)$0.3796008.16%
  • usd1World Liberty Financial USD(USD1)$1.00-0.05%
  • algorandAlgorand(ALGO)$0.2239255.59%
  • arbitrumArbitrum(ARB)$0.3946827.30%
  • filecoinFilecoin(FIL)$2.874.08%
  • bitcoinBitcoin(BTC)$105,514.343.09%
  • ethereumEthereum(ETH)$2,542.917.17%
  • tetherTether USDt(USDT)$1.00-0.01%
  • rippleXRP(XRP)$2.362.27%
  • binancecoinBNB(BNB)$650.192.21%
  • solanaSolana(SOL)$168.394.79%
  • usd-coinUSDC(USDC)$1.000.02%
  • dogecoinDogecoin(DOGE)$0.2242773.83%
  • cardanoCardano(ADA)$0.742.99%
  • tronTRON(TRX)$0.2711053.34%
  • suiSui(SUI)$3.865.19%
  • chainlinkChainlink(LINK)$16.057.29%
  • avalanche-2Avalanche(AVAX)$22.444.61%
  • hyperliquidHyperliquid(HYPE)$26.504.22%
  • stellarStellar(XLM)$0.2846442.42%
  • shiba-inuShiba Inu(SHIB)$0.0000153.66%
  • hedera-hashgraphHedera(HBAR)$0.1957774.33%
  • unus-sed-leoUNUS SED LEO(LEO)$8.711.64%
  • bitcoin-cashBitcoin Cash(BCH)$392.253.69%
  • the-open-networkToncoin(TON)$3.050.68%
  • litecoinLitecoin(LTC)$97.182.54%
  • polkadotPolkadot(DOT)$4.634.01%
  • moneroMonero(XMR)$348.662.26%
  • bitget-tokenBitget Token(BGB)$5.162.57%
  • pepePepe(PEPE)$0.0000134.71%
  • daiDai(DAI)$1.000.01%
  • piPi(PI)$0.741.30%
  • ethena-usdeEthena USDe(USDE)$1.00-0.01%
  • aaveAave(AAVE)$266.0524.52%
  • uniswapUniswap(UNI)$5.994.54%
  • bittensorBittensor(TAO)$421.196.56%
  • nearNEAR Protocol(NEAR)$2.815.05%
  • aptosAptos(APT)$5.196.32%
  • okbOKB(OKB)$52.260.41%
  • ondo-financeOndo(ONDO)$0.945.27%
  • kaspaKaspa(KAS)$0.1104846.21%
  • ethereum-classicEthereum Classic(ETC)$18.525.67%
  • internet-computerInternet Computer(ICP)$5.254.59%
  • gatechain-tokenGateToken(GT)$21.510.63%
  • crypto-com-chainCronos(CRO)$0.0969462.86%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.861.67%
  • mantleMantle(MNT)$0.730.52%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2345552.46%
  • render-tokenRender(RENDER)$4.697.91%
  • vechainVeChain(VET)$0.0281904.10%
  • ethenaEthena(ENA)$0.3796008.16%
  • usd1World Liberty Financial USD(USD1)$1.00-0.05%
  • algorandAlgorand(ALGO)$0.2239255.59%
  • arbitrumArbitrum(ARB)$0.3946827.30%
  • filecoinFilecoin(FIL)$2.874.08%