44 hack event(s)
Description of the event: Umami Finance, a DeFi protocol on Arbitrum, offers yield products to institutional clients. On January 31, they announced they were suspending yields, saying they were concerned about regulatory tactics. Soon after, the project CEO started dumping tokens on the market, cashing out 44,000 UMAMI tokens. These were ostensibly priced at $800,000, and although the sell-off sent UMAMI prices crashing by more than 60%, the CEO still netted around $380,000 in USDC.
Amount of loss: $ 380,000 Attack method: Rug Pull
Description of the event: SperaxUSD, the Arbitrum ecological stablecoin protocol, tweeted that an attacker increased the token balance of his address to 9.7 billion without providing the corresponding collateral, and before the Sperax team and Arbitrum ecosystem partners jointly stopped, Approximately $300,000 was liquidated.
Amount of loss: $ 300,000 Attack method: Contract Vulnerability
Description of the event: About a week ago, Arbitrum-based project DictumExchange announced an airdrop. It turned out to be a scam.
Amount of loss: - Attack method: Rug Pull
Description of the event: Arbitrum-based cryptocurrency lending platform Lodestar Finance was hacked and nearly $7 million in assets siphoned off, the attackers were able to manipulate the price of the plvGLP token, allowing them to use the inflated token to "borrow" the entirety of the Lodestar platform Liquidity available.
Amount of loss: $ 7,000,000 Attack method: Price Manipulation