Curve Finance was exploited on July 30, resulting in a loss of over $70 million. InsurAce’s Advisory Board has completed the investigation and recommends that this is a claimable risk event related to Curve Finance. We advised our users to …
*Lastest Update on Claim Eligibility on 04/07/2023 Sturdy Finance has been exploited on June 12 at 1:06 AM UTC resulting in 504ETH loss. InsurAce’s Advisory Board has completed the investigation and recommends that this is not a Claimable Risk Event …
1. LEVEL FinanceMay 2, 2023: A smart contract vulnerability in Level Finance led to an exploit, causing a loss of approximately $1.1 million. The contract had an incorrect configuration for calculating rewards, enabling multiple referral claims within the same epoch. …
1. zkSync April 2, 2023: As per the official announcement, the zkSync team has explained the reason behind the service interruption through a Twitter post. The downtime was caused by a failure in the block queue database, which resulted in …
Total hacks in Feb: 29.
This shows the importance of security assessment, audit, code review, and of course, INSURACE.
There are also several types of other risks exposed such as price manipulation, oracle failures, private key/wallet compromise, rug pull, phishing attack, etc.
Here is an overview of the high-profile hacks that occurred in the global DeFi space during the month of January 2023.
