Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»HACKING NEWS»Dow Finance, Flash Loan Attack
HACKING NEWS

Dow Finance, Flash Loan Attack

By Crypto FlexsJuly 14, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Dow Finance, Flash Loan Attack
Share
Facebook Twitter LinkedIn Pinterest Email
  • Attackers stole approximately $1.8 million from Dough Finance.
  • This attack exposed several security issues in the platform.
  • Not all Dough Finance users were affected.

In a shocking turn of events, a flash loan attack hit some Dough Finance users hard, stealing thousands of dollars. On June 12, 2024, Cyvers, a security company that provides real-time detection and prevention of cryptocurrency attacks, detected suspicious activity on the protocol.

As soon as the company noticed the unusual activity, it contacted Aave, the lending protocol, to determine what impact the hackers had.

While Aave has confirmed that its pools were intact and unaffected, Dough Finance, a liquidity protocol on the Ethereum network, was the hardest hit by the attack.

Not all Dough Finance users were affected. Only those with funds tied to the affected smart contract were affected. Despite the losses, is includedMany Dough Finance users are still concerned about the safety of their funds and the continued use of decentralized finance (DeFi) protocols.

all small A vulnerability in Dough Finance’s smart contract, “ConnectorDeleverageParaswap,” gave the hackers the advantage they needed: they were able to manipulate the contract by failing to validate the data received during a call for a flash loan. Basically the contract is failed to properly check or crosscheck data.

The theft occurred when the attacker swapped existing Ether (ETH) for stolen USDC, which was much less valuable. This manipulation allowed the hacker to steal approximately $1.8 million worth of ETH.

The attackers attacked the platform multiple times, resulting in even greater losses. The second attack resulted in losses of over $140,000. The Dough Finance team is currently investigating the cause of the attack and the extent of its impact. Working Strengthens the security of the platform.

Some security experts have advised Dough Finance users to consider moving their funds to other platforms or wallets until the team confirms the platform’s security. Users have also been advised to consider moving their funds to other platforms or wallets until the team confirms the platform’s security. smart Now we have a contract to protect our assets.


Share this article

category

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Encryption Inheritance Update: April 2, 2025

June 6, 2025

Summary of Domain Audit that cannot be stopped -Ackee Blockchain

June 5, 2025

Director Trezor: What is the best hardware wallet in 2025?

June 4, 2025
Add A Comment

Comments are closed.

Recent Posts

As the ETF rises, Bitcoin Eye Major Rally -but this can ruin the party.

June 6, 2025

Secure the Treasury in the BNB chain and launch VANECK

June 6, 2025

Use Sunny Mining Cloud Mining to earn $ 12,000 a day

June 6, 2025

Investors are the main level of support of the eyes.

June 6, 2025

Encryption Inheritance Update: April 2, 2025

June 6, 2025

Defi, not MICA II at the front line

June 6, 2025

Improve video content with VEO 3: Comprehensive guide to effective prompt

June 6, 2025

Is the trump Fuel Fuel Dogecoin in ELON Musk less than $ 0.10?

June 6, 2025

The HBAR price aims for $ 0.40 when a big decision of the SEC comes.

June 6, 2025

Why is the ecosystem of the SEI network boom in the second quarter?

June 6, 2025

Why is the ecosystem of the SEI network boom in the second quarter?

June 6, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

As the ETF rises, Bitcoin Eye Major Rally -but this can ruin the party.

June 6, 2025

Secure the Treasury in the BNB chain and launch VANECK

June 6, 2025

Use Sunny Mining Cloud Mining to earn $ 12,000 a day

June 6, 2025
Most Popular

The latest technology news in cryptocurrency and blockchain

February 1, 2024

CUDOS Joins ASI Alliance to Promote Decentralized AI Development

September 21, 2024

Cristiano Ronaldo unveils 4th NFT collection with Binance despite $1 billion lawsuit

May 27, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.