Monday, July 4, 2022

You get hacked, they get hacked, everyone gets hacked, Nov. 11-18 By Cointelegraph

-


Finance Redefined: You get hacked, they get hacked, everyone gets hacked, Nov. 11-18

If people actually used insurance against hacks, this week would definitely have bankrupted a great many insurers. A total of four flash loan-enabled exploits were registered in the span of one week (one of them actually happened the week before, but nobody noticed until later).

We have, in order, Cheese Bank with a $3.3-million theft, Akropolis with its $2-million loss, Value DeFi with a whopping $6-million exploit, and finally Origin Protocol’s loss of $7 million.