Shezmu Hack Analysis
Shezmu (SHEZMU) is a hybrid lending platform combining NFTs and yield-bearing tokens. It offers a Collateralized Debt Position (CDP) system, enabling users to use NFTs and yield-bearing tokens as collateral for loans, increasing asset liquidity. Shezmu also features a marketplace for “Guardians”—unique NFTs that can serve as collateral—and additional platforms, Agora for bonding and Oasis […]
UniBtc Hack Analysis
Bedrock is a multi-asset liquidity re-hypothecation protocol that allows the collateralization of assets like wBTC, ETH, and IoTeX through its non-custodial platform. It was developed in collaboration with RockX and supports re-hypothecation/collateralization for multiple digital assets, such as uniBTC (wrapped BTC), uniETH, and uniIOTX, offering unique opportunities for users to earn rewards on their staked […]
Onyx DAO Hack Analysis
On September 3, 2024, Onyx DAO, a protocol derived from Compound Finance, suffered a severe breach. This incident led to a loss of approximately $3.8 million in various cryptocurrencies, primarily affecting the VUSD stablecoin. The breach was facilitated by an old precision issue known in the forked Compound V2 code base that Onyx DAO utilized. […]
Penpie Hack Analysis
Overview of Penpie Protocol Penpie is a next-generation DeFi platform integrated with Pendle Finance, designed to boost yield and veTokenomics for its users. By locking PENDLE tokens, Penpie enables participants to gain governance rights and optimize rewards through its mPENDLE token, which is a 1:1 representation of PENDLE. Users who convert PENDLE into mPENDLE earn […]
Convergence Finance Hack Analysis
Convergence Finance is a DeFi protocol known for its innovative approach to liquidity aggregation and staking rewards. Shortly after a post-audit modification, the platform suffered a significant security breach on August 1, 2024, resulting in the loss of approximately $212,000 worth of native CVG tokens. This analysis explores the hack, its impact, how the exploit […]
Seneca Protocol Hack Analysis
The Seneca Protocol is a decentralized finance (DeFi) platform that provides a collateralized debt position (CDP) system for borrowing senUSD, a stablecoin pegged to $1. By using yield-generating assets as collateral, users can borrow funds while continuing to earn a fixed yield on their collateral. This dual functionality aims to offer both liquidity and yield […]
Super Sushi Samurai Hack Analysis
Super Sushi Samurai is an innovative on-chain idle game set in the immersive world of Mizu-Edo, powered by the Blast Network. The game uniquely combines social strategy elements with idle gaming mechanics, offering various play modes such as AFK, Megawar, Boss, The Last Samurai, Showdown, and Lucky Coin. Despite its promising gameplay and vibrant community, […]
Cream Finance Hack: What Motivates Hackers to Return Stolen Funds?
From an outsider’s perspective, returning millions of dollars worth of funds after successfully pulling off a complicated exploit is, at best, admirable, and at worst, foolish. What could be the motivation behind such a decision?
Beanstalk Hack Analysis & POC
Beanstalk protocol got hacked for around $74M through exploiting the governance mechanism & stealing all the BEANS & Curve LP tokens stored in the Beanstalk protocol.
Rari Capital Hack Analysis & POC
Rari capital got hacked for around $79M through a classic re-entrancy attack. Rari is a fork of compound finance which had this bug fixed earlier. It is not the first time Rari has been a victim of a hack.
