Arbitrum Network-based Rodeo Finance lost 472 ether ($888,000) in a DeFi exploit today.
Blockchain security firm PeckShield revealed that the Rodeo Finance hacker transferred the stolen funds from Arbitrum to Ethereum.
Further analysis revealed that the attacker exchanged the stolen tokens for various other assets before converting them back to ether.
Hackers once again used Oracle manipulation technique to alter price feeds and exploit the platform out of nearly one million dollars worth of crypto.
Rodeo Finance exploit is another in a series of DeFi hacks that have happened recently. On July 9, DeFi platform Arcadia became victim of a hack when hackers leveraged a code vulnerability to steal nearly half a million dollars from the protocol’s Ethereum and Optimism vaults.
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Singapore-based blockchain start-up Web3Go has raised $4 million in a seed round led by Binance Labs, the venture capital and incubator arm of crypto exchange giant Binance. According to the press release, other participants in the seed round financing included Hashkey Capital, NGC, Shima Capital, IVC, LIF, Big Brain Holdings, and Archerman Capital. Web3Go, a Binance Labs’ incubation program graduate, has also been selected for additional programs,…
The International Monetary Fund has announced that it will consider Islamabad’s request for financial assistance under the IMF’s Rapid Financing Instrument (RFI) facility to finance foreign exchange and budgetary support in the wake of the devastating impact of the coronavirus epidemic on its economy. “Our team is working hard to respond to the request so…
Britain’s biggest retailer Tesco on Monday named Burberry boss Gerry Murphy as chairman, replacing John Allan who stepped down after misconduct claims which he denies. Murphy, chair of fashion house Burberry and food group Tate and Lyle, will start at Tesco on September 1, the supermarket chain said in a statement. He will depart Tate…
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