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Cream Hacked, $108 M stolen in Flashloan Attack

Cream Hacked

Key Takeaways: Cream Finance has suffered its 3rd attack, and this time more than $130 M are lost, mostly ERC20 and LP tokens. History Saturday, 13rd February 2021: Here, the attacker created a contract that tricked Alpha Homora into believing it was their contract.…

Polygon Dodges $850M Hack, Pays $2M Bounty

Polygon Dodges $850M Hack

Key Takeaways: Polygon has granted a $2 million reward to a white hat hacker who found a major vulnerability. According to Immunefi, this is the highest bounty ever given in DeFi. Gerhard Wagner discovered the vulnerability in the Polygon Plasma Bridge on October 5, which…

Avaterra Finance Hacked, Exposing Severe Flaws

Avaterra Finance Hacked

Key takeaways: Avaterra Finance has been hacked, leaving serious flaws in its coinage contracts Avaterra Finance suffered an exploit. Their chef contract is a Goose fork, but their token contained custom elements which includes a mint function that anyone could…