Should crypto projects ever negotiate with hackers? Probably
A highly profitable trading strategy was how hacker Avraham Eisenberg described his involvement in the Mango Markets exploit that occurred on Oct. 11.
By manipulating the price of the decentralized finance protocols underlying collateral, MNGO, Eisenberg and his team took out infinite loans that drained $117 million from the Mango Markets Treasury.
The Mango Markets $47-million settlement received 96.6% of the votes. Source: Mango MarketsImmuneFis CEO, Mitchell Amador. Source: LinkedInPerhaps the Poly Network hacker really just wanted a small bounty for his efforts. Source: Tom Robinson via TwitterMany funds have been lost in DeFi exploits this year. Source: Token TerminalNot all hackers are interested in striking bounty deals with developers. Source: Nomad BridgeChainalysis VP of investigations, Erin Plante. Source: LinkedIn
Subscribe
The most engaging reads in blockchain. Delivered once a week.
Best to avoid getting hacked in the first place. Source: Pexels
Trusted Editorial content material, reviewed by main business consultants and seasoned editors. Advert Disclosure American fastfood chain Steak ‘n Shake...
PumpSwap, the DEX launched by Solana-based memecoin manufacturing facility Pump.enjoyable, has hit $100 million in complete worth locked (TVL), marking...
Trigger to perception Strict editorial protection that focuses on accuracy, relevance, and impartiality Created by enterprise specialists and meticulously reviewed...
