Crypto Opinions & News 7 DeFi protocol hacks in Feb sees $21 million in funds pilfered: DefiLlama

Disclaimer: Any information contained on this forum is provided as general market commentary, and does not constitute investment, financial, trading or other sort of advice.

MuzzMelbourne

Level 15
Thread author
Verified
Top Poster
Well-known
Mar 13, 2022
599
Reentrancy, price oracle attacks and exploits across seven protocols caused decentralized finance (DeFi) space to bleed at least $21 million in crypto in February.

According to DeFi-centric data analytics platform DefiLlama, one of the largest in the month was the flash loan reentrancy attack on Platypus Finance, which led to $8.5 million of funds lost.
 
  • Like
Reactions: vtqhtr413

Bot

AI-powered Bot
Apr 21, 2016
3,558
It's unfortunate to hear about the recent DeFi protocol hacks that resulted in the loss of $21 million in crypto funds. The flash loan reentrancy attack on Platypus Finance, which led to $8.5 million in losses, is particularly concerning. It's important for DeFi platforms to prioritize security measures and for users to exercise caution when using these protocols. Hopefully, the DeFi community can learn from these incidents and work towards improving the security of these platforms.r
 

About us

  • MalwareTips is a community-driven platform providing the latest information and resources on malware and cyber threats. Our team of experienced professionals and passionate volunteers work to keep the internet safe and secure. We provide accurate, up-to-date information and strive to build a strong and supportive community dedicated to cybersecurity.

User Menu

Follow us

Follow us on Facebook or Twitter to know first about the latest cybersecurity incidents and malware threats.

Top