Weekly Crypto Hack Report: Are Your Digital Assets Safe?
The post Weekly Crypto Hack Report: Are Your Digital Assets Safe? appeared first on Coinpedia Fintech News
This week has been one of the most unstable for the cryptocurrency world, with cybercriminals making their presence felt in unexpected ways. From decentralized exchanges and hardware wallets to social media accounts and entire blockchain networks, hackers have targeted some of the industry’s most trusted platforms.
These attacks reveal critical vulnerabilities that have remained hidden, raising questions about the true security of the crypto space.
The dangers are more alarming than ever! Read on to know more.
Clober DEX Suffers Major Reentrancy AttackA reentrancy attack recently targeted Clober’s decentralized exchange liquidity vault on the Base Network. The hackers exploited the Rebalancer smart contract’s _burn() method, making off with 133.7 ETH, valued at over $501,000.
This attack shows us the ongoing threats faced by decentralized exchanges and their users, emphasizing the need for stronger security protocols.
