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Tag: Drainage

Warning: Compound and Celer DeFi Services Suffer Wallet Drainage Hacks

Warning: Compound and Celer DeFi Services Suffer Wallet Drainage Hacks

When Security Breaches Strike: Unpacking Recent DeFi Domain Attacks In the rapidly evolving world of decentralized finance (DeFi), staying one step ahead of potential security threats is a constant battle Two prominent DeFi projects, Compound and Celer Network, recently found themselves at the forefront of this battle, falling victim to critical domain attacks that put their users' assets at risk This incident serves as a stark reminder of the ever-present dangers lurking in the digital finance sphere The Chain Reaction of Compromise The initial wave of concern washed over the DeFi community when reports surfaced about the compromise of Compound's website This protocol, known for enabling users to lend and borrow cryptocurrency securely, suddenly became a trap for unsuspecting visitors...

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