Hacks – Page 54 – Blockchain

Ankr says ex-employee caused $5M exploit, vows to improve security

The team has alerted relevant authorities and is seeking to prosecute the attacker while also shoring up its security practices.

Security firm Harpie managed to avert a crypto robbery by simply paying a higher gas fee than the exploiter.

The team said that authority over the automated market maker and farm programs has been paused “for now.”

The attacker made close to $6.9 million in profits and left users with a pile of bad debt.

Crypto trading firm also rejects claim that users’ API keys were leaked and urges users to file a police report.

The main vulnerability behind the attack was within GLP oracle and how it conducts its price.