Join the larget crypto conference of 2022 in Bitcoin
$ 39,046

Hacker attacked and stole $80M from Rari Fuse pools

Hacker attacked and stole $80M from Rari Fuse pools 17

Fei Protocol is working at its best to retrieve stolen funds from hackers through the best bounty reward.

Fuse is an open interest rate protocol, which allows its clients to lend and borrow crypto assets. The Fuse protocol enables users to instantly create and deploy their lending and borrowing pool, more likely a decentralized platform where anyone can set up his finance shop. 

On 30 April, Fei Protocol, Decentralized finance (DeFi) platform, informed the platform users and noted that an attack took place on the various Rari Fuse pools. 

Through the tweet, the team also confirmed that a bug has been identified, which was tricked and used by hackers. They also offered a $10 million reward in return to return all the funds. 

BlockSec’s Defi monitoring system investigation found that hackers secured around $10 million worth of crypto assets with the help of vulnerability.

Hacker attacked and stole $80M from Rari Fuse pools 16
Invocation flow. Source: BlockSec

PeckShield, a crypto analytic platform, also did a depth investigation and found that the Defi protocol lost around $80 million worth of cryptocurrencies.

Around 3 days ago, Ronin Bridge and Sky Marvis announced their plan to introduce some upgrades in smart contract to keep such types of attacks away from their own Defi protocol, in response to an attack that took place on Ronin Bridge around a month ago. 

These types of high-level attacks on the Defi projects are still a big indication that the Defi industry needed more time to evolve. Right now Defi concepts-based platforms needed to go with the improvement, in terms of security and safety of the funds. Due to such news of attacks, the majority of the users tried to remain away from Defi-based platforms.

Read also: Bitcoin needs to shift on Proof-of-stake: Solana co-founder

Hacker attacked and stole $80M from Rari Fuse pools





Buy bitcoin and other cryptocurrencies on crypto exchanges  Binance ,  Coinbase ,  Kraken  and  Bitfinex !


Cryptos OTC Trading Platformb- Idle coins earn interest
Ads by Cryptonews24

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

--------------------------Ads by Cryptonews24--------------------------------------
CocaCola Investing Platform

✅Brand new company platform launched 17/09/2022🔥💯


👉🏼Coca-Cola 👈

Don't miss Coca-Cola if you want to generate passive income.

It is a brand new company with stable and moderate income that will help investors earn money in the long run.

Say no!! on sites with high commissions, they only last a few days.

Coca-Cola is a legitimate company and supplies are standard.

$5 sign up bonus

-Minimum deposit $20
-Minimum withdrawal $10

Withdrawal time 0~10 minutes💯 ✅

Get 7% of your deposit everyday🔥
-Deposit 20, Get $1.5 Daily ✅
-Deposit 30, Get $2.1 Daily ✅
-Deposit 50, Get $3.5 Daily ✅
-Deposit 100, Get $7 Daily ✅
-Deposit 200, Get 14 Daily ✅

Get 10% of your first deposit and 10% on invite deposits 😱

Reward Invitations🏅
-30 valid members, get $100 reward ✅
-60 valid members, Get $150 reward ✅
-100 valid members, Get $350 reward ✅
Note: Valid member charges $30 and up

Deposit Reward🏅
Get 10%, 2% and 1% of Lv1, Lv2 and Lv3 group deposits.

A lot of activities will be organized in the main group to help hardworking members make a lot of money 💰

Registration link

This is a long term project!! Do not miss it!!! 💎 💎 💎 💎 💎


Cryptonews24 Channel Chat