News list for " its smart"

LI.FI released a hacking incident report revealing that "individual human error" during its smart contract update caused the protocol to be attacked by bad actors, with an estimated 153 wallets affected and losing nearly $12 million worth of USDC, USDT and DAI stablecoins. Upon detecting the security bugs, its team immediately launched an incident response plan, successfully disabling all vulnerable aspects of the chain. The vulnerability stems from an issue with validating transactions, which w...

2024-07-18 16:51:26