Crypto trader exploits GMX, manipulates AVAX price to remove $565K
An opportunistic crypto trader leveraged GMX's zero slippage design to move AVAX's price in a long and short position for five consecutive trades.
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Péter Szilágyi on March 29, 2022, identified a bug in Avalanche's PeerList package which would have been easily exploited by a malicious actor.
Chainalysis revealed that the hackers now use DeFi services to chain hop, or switch between several different kinds of cryptocurrency in a single transaction.
The attacker was able to borrow 4481 WBNB and swapped it for NFD tokens amounting to $1.25 million. A sell-off of the tokens forced the price to crash by 99%.
Kyber Network says the threat has been neutralized, offered the hacker a 15% bug bounty.
The Rari/FEI exploit caused Babylon Finance investment gardens to lose $3.4 million, whch led to users losing confidence and withdrawing 75% of its TVL.
Cyber threat intelligence firm, Check Point Research identified Nitrokod as a crypto miner malware that has infected thousands of PCs across 11 countries.