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🚀 Just published! Dive into our latest article on @Nasdaq: '8 Things To Consider Before Investing in Crypto in 2024, According to Financial Experts.' Uncover essential insights for your crypto journey in 2024! 📈💡

https://www.nasdaq.com/articles/8-things-to-consider-before-investing-in-crypto-in-2024-according-to-financial-experts

Nasdaq

8 Things To Consider Before Investing in Crypto in 2024, According to Financial Experts

Cryptocurrency has been on quite a wild ride since it launched back in 2009. Today, it is quite a controversial topic among investing experts. This is largely because it's volatile and only loosely...

📁Project Name - Socket Protocol

💵Funds Lost - $3.3 Million

💻Type of Hack - Exploit due to Incomplete Validation

❓Short Description - project was exploited due to incomplete validation of user inputs, impacting wallets with infinite approvals to Socket contracts.

‼️ Detailed Description - On January 16, 2024, Socket Protocol, which facilitates data and asset transfers across chains, suffered a security breach. The exploit targeted Bungee, a bridge aggregator on SocketLL. The vulnerability allowed an attacker to steal funds from users who had granted token approvals to the compromised contracts. This incident affected about 712 users, with losses including 165,356 MATIC, 2.8896 WBTC, 42.4753 WETH, and 13,821 DAI, totaling approximately $3.3 million. The stolen funds remained in the attacker's address.

#HashEx #rugpullAllert #ScamAlert #HackAlert

Fortify your #smartcontracts with HashEx. Not only do we perform audits across 18+ blockchain platforms in various languages, but we also provide detailed recommendations to mitigate vulnerabilities. Choose #HashEx for comprehensive security and expert guidance.

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📁Project Name - Radiant Capital

💵Funds Lost - 1900 ETH (approx $4.5 million)

💻Type of Hack - Flash Loan Attack

❓Short Description - Radiant Capital faced a significant exploit in its Arbitrum deployment's new native USDC market, due to a vulnerability in the forked Aave V2 code, allowing manipulation of collateral value using a flash loan.

‼️ Detailed Description - Radiant Capital, operating on Arbitrum and BSC, suffered a significant loss in its newly launched native USDC market on Arbitrum due to a known bug. The exploit, which occurred in a fork of Aave V2, involved a vulnerability in recently-launched markets that allowed an attacker to manipulate the value of collateral using a flash loan. This was due to a combination of a rounding error and a totalSupply value of 0. The attack was executed swiftly, indicating the attacker's preparedness and knowledge of the vulnerability.

#HashEx #rugpullAllert #ScamAlert #HackAlert

#HashEx has completed the audit of Habibi Finance - community driven by $HABB token, where members can learn, invest, engage, earn, and contribute back.

The audit report is now available on our website:
https://hashex.org/audits/habibi-finance/

#smartcontracts #security

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