Crypto Hacks Report : BingX, DeltaPrime, and Banana Gun Hit in $50M Loss
Top Stories Tamfitronics This week has seen especially tumultuous events in the crypto space as various high-profile hacks have brought to the core grave flaws in both decentralized finance (DeFi) platforms and centralized exchanges. Below is an elaborative breakdown of notable incidents which resulted in the loss of over $50 million in just a week.ShezmuTech – $4.9 Million Lost (September 21, 2024) In what could be termed a remarkable breach for a budding DeFi project, ShezmuTech was sent reeling after it lost $4.9 million worth of ShezUSD tokens this week because of a contract vulnerability.This particular exploit revolved around a vault that accepted collateral that could be minted by just anybody thereby giving malicious individuals like the attacker scope to borrow as many Shez tokens were needed without question.Investigations into the attack revealed that liquidity...