👀 DeFi protocols lose $38.9M in January exploits Security startup Quantstamp has identified the top five smart contract…
👀 DeFi protocols lose $38.9M in January exploits
Security startup Quantstamp has identified the top five smart contract protocols that suffered the most losses from exploits and hackers in January.
1️⃣ Radiant Capital faced $4.5 million in losses in an early January flash loan attack.
2️⃣ Gamma Strategies also fell victim to a flash loan attack on Jan. 4, resulting in a code bug that enabled attackers to siphon $6.1 million from Gamma’s public-facing vaults.
3️⃣ Wise Lending suffered a loss of at least $460,000 in a flash loan attack on Jan. 12.
4️⃣ Socket, a multichain protocol, experienced a security breach due to a vulnerability in user verification input on Jan. 16. This allowed hackers to steal nearly 2,000 $ETH, valued at over $4 million.
5️⃣ Goledo Finance faced a security breach similar to Gamma’s exploit on Jan. 28, involving a flash loan attack resulting in the theft of $1.7 million.