![]() The altcoin has traded between a low of 26 and a high of. This will continue until the ~13.5% losses are recovered to users. Harvest Finance crypto has gained more than 120 percent in the last 24 hours and 150 percent in the past week to trade at above 200. The community overwhelmingly chose the route of an IOU token that will feed a “percentage of profit sharing cashflow and a percentage of weekly emissions to reparations pools”. The team has, since then, held a vote on reparations options. The FARM token has also reacted accordingly, losing about 50% of its value. FREEHOLD, NJ A two-vehicle crash in Howell early Sunday morning has resulted in the death of a Lakewood man, Monmouth County Prosecutor Raymond S. Since the exploit was identified, Harvest Finance have announced a bounty reward, which is currently $1 million, for anyone who shares information about the attacker’s identity and helps return the funds back to Harvest Finance.Īs a result of the attack, the total value locked on the platform has dropped by about $700 million, from $1.04 billion to the current $330 million. For whatever reason, the arbitrageur then return about $2.5 million to the Harvest Finance deployed contract. Harvest Finance, the decentralized finance robo-advisor that fell prey to a 34 million flash loan attack, is sorry for the engineering error, committed to change, and kindly requests. It requests that the attacker return the money. ![]() As a result, FARM plunged by 65 in only one hour. Possibly the worst drop in value was seen in October 2020, when a hack took 24 million from Harvest Finance. Yet, when the wave died down, it again dragged FARM with it. The team apologized and vows to fix the bugs. The token price again rose to about 303 during the second wave of the crypto boom in 2021. The smart contract was executed numerous times until the aforementioned $24 million were acquired. Harvest Finance was recently hacked for 34 million. On each such trade, about $600,000 in profits were generated. The smart contract then restored the ratio in the Y pools, which increased the share value of the Harvest Finance vaults. This lowered the share value of the Harvest Finance vaults. The smart contract then manipulated the ratio of the USDC and USDT Y pools on Curve.fi. A smart contract, probably written and deployed by the arbitrageur, performed several trades within the same transaction using funds generated by a flash loan from Uniswap. The exploit was first noticed on October 26, after the attacker had already drained $13 million in USDC and $11 million in USDT. After a sudden collapse of more than 60, Harvest Finances FARM token has stabilized at around 100 110, for the time being. A flash loan exploit allowed an “arbitrageur” to acquire $24 million in USDC and USDT from DeFi platform Harvest Finance’s vaults by devising an elaborate scheme which employed a few other DeFi protocols.
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