Security Incidents in January
January saw another wave of security incidents. Here’s our breakdown and whether InsurAce.io would cover the exploit in this blog.
Security Incidents
InsurAce.io — Community Update regarding recent Wonderland issues
Read our community update regarding issues and ongoing events at Wonderland.
InsurAce.io update regarding potential security issue with crypto.com
Read our community update regarding the potential security issue with Crypto.com
Security Incidents in December
Hacks in December: 1. BadgerDAO Dec 2, 2021: The DeFi platform BadgerDAO suffered a front-end attack which the hacker used a compromised API key that was created without the knowledge or authorization of Badger engineers to periodically inject the malicious …
Update regarding MetaMask issues for some users
Dear community, It has come to our attention that some users have experienced difficulties when unlocking rewards or interacting with our dApp using MetaMask. The common error message received is “Error encountered. Transaction failed. Please try again.” From initial findings …
Security Incidents in November
Hacks in November: 1. Squid Game Nov 1, 2021: The anonymous scammers behind the BSC project Squid Game have pulled the rug on the project, making off with an estimated $3.3 million of funds. Root cause: Scam Loss: approx. $3.3 million …
Security Incidents in October
Hacks in October: 1. Autoshark Finance Oct 2, 2021: DeFi protocol AutoShark Finance on the Binance Smart Chain was attacked by a flash loan attack. Root cause: Economic attack Loss: approx. $580,000 Reference: Auto Shark Finance fell to Flash-Loan Attacks 2. …
Poly Network Hack Breakdown
Unfortunately on Tuesday 10th August there was the largest hack in DeFi history with $600 million in assets drained from Poly Network by an attack on their cross-chain bridges. This just shows how essential Insurance Services are in the DeFi …