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A DEFI App Was Just Hacked For Over $300,000 in Ethereum & Bitcoin


There’s no doubt that decentralized finance (DeFi) has been central to the Ethereum ecosystem over the past year. But unfortunately, this use for the second-largest blockchain by its underlying crypto’s market capitalization doesn’t come without its own set of flaws. Reports indicate that on April 18th, a leading protocol was just hacked for a large sum of Ether and tokenized Bitcoin.

$300,000 IN ETHEREUM & BITCOIN SWIPED

According to blockchain developer and DeFi specialist Julien Bouteloup, an attacker managed to drain a Uniswap-based pool (a market), and gained more than $300,000 worth of ETH and an Ethereum-based tokenized version of Bitcoin, imBTC, in the process: Read More...



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