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  • DeFi Platform dForce Hacked for $25M

    dForce – a China-based startup aiming to build a DeFi super network – was hacked for nearly $25M late last night. The attack was on the platform’s lending application, LendF.me, and was found to be using the same basis as the attack that drained Uniswap‘s imBTC/ETH pool the day prior. #DeFi platform @dForcenet has been drained of $24M in capital The loss of funds comes the same week the team closed its $1.5M investment round
    More details to come h/t @defiprime @defipul… … More

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  • imBTC Uniswap Pool Drained for ~$300k in ETH

    Earlier today, we saw the exploitation of a liquidity pool on Uniswap for imBTC – a wrapped version of Bitcoin created by imToken and the Tokelon DEX. Today, the imBTC pool on Uniswap has been attacked & drained. The hacker utilized an attack vector on ERC777 tokens on Uniswap.
    The BTC in custody is not impacted.
    We have paused imBTC transfers for now, are evaluating the situation & will notify when transfers are restored
    — Tokenlon DEX (@tokenlon) April 18, 2020 The exploi… … More

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