Belt Finance Unveils DeFi Hack Compensation Plan

Following a $6.2 million dollar flash loan exploit over the weekend, decentralize finance (DeFi) protocol Belt Finance has unveiled a compensation plan for the victims. The latest Binance Smart Chain clone to get attacked was Belt Finance when it lost $6.2 million in a series of transactions that manipulated the system. The Rekt Blog, which … Read more

Binance Smart Chain Claims DeFi Attacks ‘Organized and Targeted’

In the wake of an increasing number of hacks and attacks on Binance Smart Chain (BSC) protocols, the community is calling for action. Binance Smart Chain has become the epicenter of DeFi crime recently with protocol after protocol falling victim to hackers exploiting weak system design and code bugs using flash loans. The BSC community … Read more