Largest Hack In DeFi History?

1 yr
LeoFinance
1 Min Read
134 words

This story is hot off the press and I will update this article appropriately as more further information surfaces.

After months of Defi Apes thinking their shit didn't stink, we finally have another massive hack. This time to the tune of $100,000,000. That is 10% of a billion dollars for those who may be impacted by hearing dollar amounts differently. This time it was Value Defi and their liquidity pools were drained for that pretty figure.

As a community many Defi Apes thought they we were past the days where projects left such easy vulnerabilities to hackers. Hopefully no one reading this got rekt in this hack, and remember this isn't financial advice but don't invest into any project that hasn't publicly published their blockchain security audits like CubDefi has.

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1 yr

Jeez that is a crazy figure. CubDefi's transparency is a real asset because of things like this

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1

don't invest into any project that hasn't publicly published their blockchain security audits like CubDefi has.

It's an important reminder.

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1

What got hacked?
How?

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1

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Great :)

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I'm in with the liquidity kingdom pools of CubDefi, and I bought CUB when it was at $3 ish, but I still believe in the project(s) and I'm convinced there are few LP like the one we have here. 100MM, wow, and people are still buying in without knowing what they are getting into...

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