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India Exploring Commercial Uses for Central Bank Digital Currency, Says Finance Minister

India Exploring Commercial Uses for Central Bank Digital Currency, Says Finance Minister

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The Indian government is exploring “several commercial use purposes and not just financial inclusion” for its central bank digital currency. India’s finance minister clarified that the aim is for the digital rupee, which will be backed by the Reserve Bank of India (RBI), to be issued by 2023. India’s Finance Minister on RBI-Backed Digital Currency …

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Deus Finance Suffers New Flashloan Attack, Losses Amount to $13M

Deus Finance Suffers New Flashloan Attack, Losses Amount to $13M

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According to a tweet by DeFi analytic company PeckShield, decentralized derivatives protocol Deus Finance suffered an exploit on April 28, 2022. The blockchain security provider noted the attacker managed to manipulate a price oracle for flash loans on Deus DAO. The Rise and Rise of Flash Loan Attacks “The hack is made possible due to …

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Fei Protocol offers $10M bounty for retrieval of $80M loot

Fei Protocol offers $10M bounty for retrieval of $80M loot

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Fei Protocol, a popular decentralized finance (DeFi) platform, has announced that it is offering a bounty of $10 million to any hackers who can successfully retrieve the funds stolen from various Rari Fuse pools. These funds are estimated to be worth nearly $80 million. According to smart contract auditor BlockSec, the aforementioned heist was put …

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DeFi Exploits Continue to Plague Industry as Saddle Finance Hack Sees $10M Stolen

DeFi Exploits Continue to Plague Industry as Saddle Finance Hack Sees $10M Stolen

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Saddle Finance, a decentralized finance protocol, has suffered a $10 million hack, according to blockchain security and data analytics company PeckShield. The exploit happened within a bunch of transactions and took advantage of the wrong MetaSwapUtils lib used to calculate the swap. The hacker initiated the exploit with 1 ETH withdrawn from Tornado Cash. Out …

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