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Cream Finance Suffers USD 25M Flash Loan Attack


Decentralized finance (DeFi) project Cream Finance (CREAM) confirmed that they've suffered an exploit today. "C.R.E.A.M. v1 market on Ethereum has suffered an exploit, resulting in a loss of 418,311,571 in AMP and 1,308.09 in ETH, by way of reentrancy on the AMP token contract," the team...

Barrick Gold CEO Says ‘No One Believes in Fiat Currencies Anymore’


The South African businessman and CEO at Barrick Gold Corporation, Mark Bristow, recently explained in an interview that “no one believes in fiat currencies anymore.” Bristow says the world is currently “battling” on how to “position investments on the back of...

Data Shows BSC Dapps Lost $167 Million Last Month From Flash Loan Attacks


Binance Smart Chain (BSC) decentralized applications (dapps) have been hit with a number of flash loan attacks in recent weeks. According to collected data by Rekt, during the last 30 days BSC has lost a total of $167 million from these flash loan exploits. Flash Loan Hackers Prey on Binance Smart...

BSC Defi Protocol Burgerswap Loses $7.2 Million from a Flash Loan Attack


Another Binance Smart Chain project has been hit with a flash loan attack according to a post mortem written by the Burgerswap team. The project’s official Twitter account said at around 3 a.m. on Friday, Burgerswap suffered from a flash loan attack with the hackers stealing $7.2 million...

Another Two Binance Smart Chain Projects Suffer Flash Loan Attacks


Source: Instagram, Binance And yet another two projects on Binance Smart Chain (BSC) suffered incidents, in the form of more flash loan attacks - and this time it's Burger Swap (BURGER) and JulSwap (JULD). BSC, ran by the crypto exchange giant Binance, may be getting more popular among...

Flash Crash Post-Mortem: Overleveraged Crypto Gamblers Did It Again


The flash crash in the crypto market on Wednesday was heavily exasperated by liquidations and leverage - debunking some narratives along the way. Yesterday, almost USD 9bn worth of trading positions (around 800,000 in total) in the crypto derivatives market were liquidated, per Bybt.com data....

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