Three Decentralized Finance Platforms Lose $39 Million In Recent Exploits & Hacks

Three decentralized finance platforms have lost $39 million in recent mining and attacksThe past few months have been difficult for decentralized finance platforms. In an effort to make the space more secure, many of these platforms have issued warnings about new exploits and attacks.

The first error is from 0xProject, which has been dropped. attack at the end of June. Hackers stole $1 million worth of Ether from wallets controlled by users. The hackers were able to steal funds by mining the decentralized exchange's smart contracts.

The second one comes from 0xProject's competitor, Kyber Network. There have been reports that some users were able to steal over $10 million worth of Ethereum (ETH) tokens from the Kyber Network reserves. The attack took place due to a vulnerability found in its smart contract code, allowing an attacker to take control of the account and withdraw tokens from it.

Kyber Network has since release an update that will prevent similar attacks from happening again. Future. However, it is not yet known what causes this error or how many users are affected by it.