Top 6 largest DeFi Hacks | Bitcointalksearch.org

cryptoaddictchie

legendary

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Quote from: _BlackStar on April 22, 2022, 12:17:07 PM

So far I am not very familiar with altcoin projects although I know some of them have also been successfully developed and provide good benefits for investors. Some of the ones you mentioned are new projects that still need development so I'm not really sure they can compete in the long term to be the best.

Ronin isnt good for competition? If you tried using it then its one of the best and cheapest transaction for a gaming economy on metaverse like axie. I dont see this gonna compete on other l1 anytime soon plus its longer term usage.

These defi institution got hacked but it doesnt mean they arent good projects even they are still new.

Psynthax

hero member

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As far as i know if that was not the real amounts that being hacked from the vulcan trasure wallet. I have been watching this case until the case is closed and it's around 2 millions USD who have been stolen by the hackers. It seems like that those news sites were creating wrong report about this. It's not so big as stated in your thread caused by i have been also watching this case since the hack happened and team able to reimburse the money to holders who got affected by this hacked case.
For me that's too big.

_BlackStar

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Move your thread to the altcoin discussion because I think you have picked the wrong place for your thread.

So far I am not very familiar with altcoin projects although I know some of them have also been successfully developed and provide good benefits for investors. Some of the ones you mentioned are new projects that still need development so I'm not really sure they can compete in the long term to be the best.

If you like altcoin then you should really understand that altcoin are not always great to have in your portfolio in the long term, meaning you have to sell them when you make a profit. But you will understand something different with bitcoin which has proven to be one of the most widely adopted assets as a means of payment.

Imran232

full member

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1: Poly Network: $611 Million

Polygon
Network
Vulnerability exploit

2: Ronin: $552 Million

Ethereum
Play-to-Earn
Private Key compromised

3: Wormhole: $326 Million

Solana
Cross-chain bridge
Bridge exploit

4: Beanstalk: $182 Million

Ethereum
Stablecoin Protocol
Flash Loan Attack

5: Compound: $150 Million

Ethereum
Lending protocol
Bug exploit

6: Vulcan Forged: $140 Million

Polygon
Play-to-Earn
Private Key compromise

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Topic: Top 6 largest DeFi Hacks (Read 78 times)