Summary: On June 6, 2023, the deployer of USEA token executed an exit scam (rug pull) and stole around $1.1 million in user funds. To do this, they minted a large amount of tokens and removed all liquidity from the USEA token’s trading pair on PancakeSwap. …

Summary: On May 28, 2023, the Jimbo’s Protocol on the Arbitrum chain was hacked. The hackers were able to exploit a vulnerability in the protocol’s slippage control mechanism, which allowed them to steal around $7.5 million worth of ETH. About Project: Jimbos Protocol is a decentralized finance (DeFi) protocol that aims to provide…

Summary: On May 18, 2023, the deployer of Swaprum Finance, a decentralized finance platform on the Arbitrum chain, executed an exit scam (Rug Pull) and took around $3 million in user funds. They immediately deleted both their website and all of their social media profiles following the scam. About Project: Swaprum is a…

Summary: On May 6, 2023, the Deus DAO Protocol was exploited on the Arbitrum, Ethereum, and BNB chains due to a smart contract vulnerability. Approximately $6.5 million was stolen by the hackers in this exploit. About Project: Deus is a decentralized, peer-to-peer infrastructure platform that allows for over-the-counter trading of digital derivatives, options…

Summary: On April 28th, the Ovix Protocol on the Polygon chain experienced an attack due to a flawed price calculation, which allowed hackers to steal approximately $2 million from multiple Ovix Pools. About the 0VIX Protocol: 0VIX is a decentralized finance (DeFi) liquidity market protocol built on Polygon. The protocol enables users to effortlessly lend…

Summary: On the 14th of April, the BeatGen AI on BNB Chain was attacked. The attack was made possible by a smart contract vulnerability. And around $14K was stolen by the hackers from the exploit. About BeatGen AI: BeatGen offers a music library, a creation tool, a community forum, and a marketplace for buying/selling…

Another day in the wild world of DeFi and Yearn Finance messes up big time with an $11 million mishap. It’s hard to believe, but it’s true. Summary: On April 13, 2023, Yearn Finance on the Ethereum chain was attacked due to a misconfiguration in the yUSDT vault. The attackers exploited…

What a great time to be in the DeFi space! Another day, another million-dollar exploit. Summary: On April 4th, the Sentiment Protocol on the Arbitrum Chain experienced an attack due to a read-only reentrancy vulnerability. The attackers exploited this vulnerability, stealing approximately $1 million. …

Oh, just another day in the world of DeFi, where millions of dollars can be lost in a flash loan exploit and then returned as a white hat bounty. No big deal. Summary: On April 2, 2023, AllBridge experienced a flash loan exploit on the BNB chain. The stablecoin pools for…