Memecoin trader loses over $1M following Normie exploit
The unfortunate trader suffered a loss of over 99% on his initial $1.16 million investment following a smart contract exploit.
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The unfortunate trader suffered a loss of over 99% on his initial $1.16 million investment following a smart contract exploit.
Kokomo Finance's social media presence and websites are offline, while the price of the KOKO token fell more than 95% within a matter of minutes.
Hedera Hashgraph has confirmed a smart contract exploit on its mainnet, resulting in the theft of liquidity pool tokens from decentralized exchanges (DEXs) that use code derived from Uniswap v2 on Ethereum. The suspicious activity was detected when the attacker attempted to move the stolen tokens across the Hashport bridge, leading operators to temporarily pause the bridge. The exact amount of tokens stolen is unknown, and the Hedera team is working on a solution to remove the vulnerability. (Read More)
Approximately $58 million has been lost from a cybersecurity breach at the lending protocol, one expert said.
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