BlockSec: WiseLending was attacked and the fund pool has been exhausted

According to BlockSec monitoring, the decentralized lending protocol WiseLending has been attacked and the funding pool has been depleted. In this incident, the attacker used two issues to launch the attack: manipulating the value of each share through "Donate"; using precision loss to achieve a "withdrawal share" of 0 and withdraw the donated WBTC.

Comments

All Comments

Recommended for you

SlowMist publishes over 4,000 DEXX victim addresses and corresponding attacker addresses on the EVM chain

Yu Xian disclosed that SlowMist has published the addresses of more than 4000 victims and corresponding attacker addresses on the EVM (ETH/BSC/BASE) chain's DEXX. Last week, more than 8600 Solana addresses related to attackers were announced. The data comes from the official DEXX and submissions from thousands of victims.
CointimeSG ·

Coinbase Exits Turkey Plans, Adjusts USDC Rewards Amid MiCA Compliance

Turkey’s crypto regulator reports 14 companies, including QNB Digital Assets, have filed for liquidation. Coinbase will end USDC rewards for EEA users starting December 1.
CointimeSG ·

Ethereum ETF staking yield likely to be approved under crypto-friendly 'Trump 2.0' SEC, Bernstein says

Analysts at Bernstein said that despite ether’s underperformance this year, its fundamentals look strong, and the risk-reward ratio is now attractive.
CointimeSG ·

From exchange to an ecosystem: Cryptocurrency platform turns a new page

Going through a rebranding process, a crypto platform shifts from a basic exchange to a full-fledged ecosystem.
CointimeSG ·

Japan’s DMM Bitcoin Exchange Plans to Shut Down

The exchange intends to transfer customer deposits and assets to SBI VC Trade. The decision follows the exchange’s struggle to recover from a $320 million theft.
CointimeSG ·

Hong Kong gaming firm swaps $49M Ether in treasury for Bitcoin

With the latest acquisition, Boyaa Interactive has 3,183 Bitcoin in its stash, up from 2,635 at the end of September.
CointimeSG ·

The Role of Cryptocurrency in Reducing Banking Costs for Small and Medium Businesses

With cryptocurrencies, SMBs can really avoid many headaches related to traditional banking
CointimeSG ·

NFTs Resurgence? Crypto's Bull Run is Driving These Assets Higher

Despite new collections, CryptoPunk NFTs hold a 40% market share, showing its enduring appeal among collectors.
CointimeSG ·

Bitcoin Miner Argo Blockchain Secures £4.2M Lifeline as Mining Margins Shrink

The Wall Street BTC miner raised £4.2M through a share placement to fund strategic initiatives and working capital needs. The company plans to use the proceeds to expand into high-performance computing amid challenging market conditions.
CointimeSG ·

Bitcoin ETFs hit $6.4B inflows in November amid record BTC rally

US-based spot Bitcoin ETFs saw $6.46 billion inflows in November, led by BlackRock, as BTC recorded a 45% price rally.