Security at a Glance 👀
Radiant: $58M
On October 16th, Radiant Capital suffered a security breach on Arbitrum and BSC, resulting in losses exceeding $50M. While the complete technical details of the exploit remain undisclosed, the protocol team confirmed the compromise of several developer wallets as the attack vector.
Read Radiant’s post-mortem report for more details
Unknown: $1.4M
On October 24th, an unknown Compound-fork protocol was exploited on Base, resulting in a loss of approximately $1.4m. While the affected contracts were unverified at the time of the incident, our analysis indicates that this attack was probably due to vulnerable price dependency on Uniswap spot price.
View the complete attack transaction list via Phalcon's Security Incidents
EGA: $554K
On October 5th, an unverified contract was exploited on BSC, causing a loss of $554k. The root cause was the lack of slippage protection in the function that buys EGA tokens from Pancake pairs, susceptible to price manipulation attacks.
Track the attack details using Phalcon Explorer
P719: $315K
On October 11th, P719 token was exploited on BSC, resulting in a loss of $315k. While the compromised contract was unverified, we suspect the root cause was a flawed token burn mechanism within the P719 trading functionality.
BlockSec at Better Web3 Forum 2024 🔥
Watch the speech by BlockSec co-founder Yajin Zhou at the Better Web3 Forum 2024 to learn about the latest security trends, lessons from past incidents, why auditing alone is insufficient, and what project parties can do to ensure protocol security.
