1. This crypto-coin is called Jimbo. 2. $8m was stolen from its devs in flash loan attack
Just days after releasing the second – and supposedly more stable and secure – version of its decentralized finance app, Jimbos Protocol over the weekend was hit by attackers who stole stole 4,090 ETH tokens from the project worth about $7.5 million.
"Over the past 24 hours, we've been working with security experts, bridges and exchanges," the Jimbos Protocol developerson Twitter."Thanks to their help, we've identified promising leads, and one in particular. We hope the attacker will *voluntarily* cooperate – before they have no choice but to once we pass their info."
The attacker was able to exploit the protocol through a flash loan, in which a user borrows a large amount of digital money – such as Ethereum – with the promise of paying them back almost immediately. The trick here is to take out a loan, use it to buy a large amount of other tokens, cause that token price to inflate, sell the tokens at high price, and pocket the difference.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Childcare warning as number of people qualifying in early years education 'set to slump 90%'Far fewer students are doing the new T-level in education than were signed on to the previous courses in the topic which are now set to be defunded
Weiterlesen »
Capita hack: 90 organisations report data breaches to watchdogThe privacy watchdog is urging groups using the outsourcing giant to check if data has been exposed.
Weiterlesen »
Dementia sufferer, 90, was 'handcuffed with hood placed over her head' by policeA 91-year-old dementia sufferer was handcuffed and covered with a spit hood by police after a disturbance with her carer. She was then reportedly strapped down to a stretcher with a mask over her face, before being carried from her home in South London.
Weiterlesen »
90+ orgs tell Slack to stop slacking when it comes to E2EE90+ orgs tell Slack to stop slacking when it comes to full encryption
Weiterlesen »
Wowcher mystery holiday returns with trips to Mexico and Las Vegas for £99Customers could get the chance to fly to one of 90 destinations for less than £100 - but there's a catch.
Weiterlesen »
Nearly 100 primary schools 'at risk of closure' as birth rates fall and young families leave cities amid high living costsMore than 90 schools are at risk of closing down because of low pupil numbers amid falling birth rates and an exodus from cities driven by the cost of living.
Weiterlesen »