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TheStandard.io suffers a $264,000 theft via a PAXG liquidity pool exploit on Arbitrum. Defi stablecoin protocol TheStandard.io has been hacked for $264,000, according to reports from blockchain security analysts CertiK. The hacker allegedly conducted a low liquidity exploit of PAXG on Arbitrum.  #CertiKSkynetAlert This morning @thestandard_io were exploited for 8.5k USDC.e and 280k EUROs with a combined value of $264k at current prices. The attacker has since minted an Algebra position NFT with 222,819 EUROs.https://t.co/AS3HBh58qq — CertiK Alert (@CertiKAlert) November 7, 2023 A low liquidity exploit is a type of attack where a threat actor takes advantage of pools with low liquidity to manipulate asset prices for financial gain. In this case, the hacker exploited the PAXG liquidity pools to steal 8,500 USDC and 280,000 Euro. Following the attack, nearly €223,000 was used by the hacker to mint an Algebra position NFT.  TheStandard.io released a statement affirming to cu...

On Oct. 27, Onyx Protocol, a decentralized peer-to-peer lending platform, experienced a significant security breach, resulting in a loss of approximately $2.1 million due to an exploit in a low-liquidity market. The incident has raised concerns regarding the vulnerabilities present in decentralized finance (DeFi) platforms, particularly when it involves markets with low liquidity. The @OnyxProtocol hack leads to ~$2.1M loss by exploit ing a known rounding issue behind the popular CompoundV2 fork. Basically, the exploit ed oPEPE market was deployed 5 days ago without any liquidity. This empty market was abused with donation to borrow funds from other… https://t.co/ijkXbOyYr2 pic.twitter.com/fbHdZhTz0E — PeckShield Inc. (@peckshield) November 1, 2023 The attacker targeted a known bug—a rounding issue in the CompoundV2 fork, a popular framework in the DeFi space. This vulnerability went unnoticed by Onyx Protocol until blockchain investigator PeckShield identified and reported...

Cypher Protocol, a decentralized futures exchange on the Solana (SOL) blockchain, has halted its smart contract in the wake of an estimated $1 million exploit . On Aug. 7, Cypher Protocol announced on X that it had frozen its smart contract following a security incident involving an estimated $1 million exploit . The team is investigating the cause and has initiated negotiations with the suspected hacker to potentially recover the stolen funds. Cypher has has experienced an exploit/security incident. The smart contract has been frozen. The team is currently working with individuals and investigating To the hacker: We are writing to see whether you would be open to speaking with us about any potential next steps. — cypher ️ (@cypher_protocol) August 7, 2023 Data from the Solana blockchain explorer Solscan has revealed that the wallet associated with the exploit stole roughly 38,530 Solana tokens and about $123,180 USDC, amounting to illicit gains of around $1,035,000. S...