DeFi security
Harmony Protocol Exploit Mints 4B Unauthorized Tokens, ONE Crashes to ATL
Harmony Protocol’s Layer-1 blockchain suffered a catastrophic exploit on August 12, with an attacker minting approximately 4 billion unauthorized ONE tokens—equivalent to roughly 26 percent of total supply—through empty blocks. The unauthorized issuance sent ONE tumbling to an all-time low of $0.0005735, marking one of the most severe security breaches in the altcoin space this...
Allbridge Flash Loan Exploit Drains $1.65M on Solana Again
Allbridge Core, a cross-chain liquidity protocol, has halted operations following a $1.65 million flash loan exploit on Solana that exposed critical vulnerabilities in its pool architecture. The attack marks the second major security breach for the platform in three years and adds to a growing pattern of bridge compromises that have drained over $328 million...
Here’s What Happened in Crypto Today
Crypto markets surged on softer-than-expected inflation data that sent Federal Reserve rate-hike odds plummeting, with Bitcoin and Ethereum posting significant gains alongside a landmark moment for tokenized securities. The optimism was tempered, however, by on-chain weakness indicators and a fresh security incident at a DeFi perpetuals platform that drained $11.86 million in an oracle exploit....