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On August 14, 2023, Beosin EagleEye detected a price manipulation attack on the Zunami Protocol, a protocol on the Ethereum blockchain. The attack resulted in a loss of 1152 ETH($2.1 million).
On August 7th, payment giant PayPal announced the launch of the PayPal USD (PYUSD) stablecoin. This stablecoin is issued by Paxos and its contract has been deployed on the Ethereum mainnet.
Recently, there have been multiple reentrancy exploits in Web3. Unlike traditional reentrancy vulnerabilities, these read-only reentrancy attacks occurred despite having reentrancy locks in place.
Between August and September 2023, Beosin, in collaboration with the Sei Foundation, Alibaba Cloud, and co-hosts MoleDAO and Builder DAO, will hold a hackathon
The main vulnerability exploited in this attack was a read reentrancy in the price oracle, causing a discrepancy between the ctoken contract's lending value calculation and its liquidation value calculation in the EraLend.
Blockchain, smart contracts, application platforms, and users are all targets of hackers. Due to the decentralized, immutable, and anonymous nature of blockchain technology, recovering stolen assets poses significant challenges.