Home / Not Everyone Wants To Fix Bitcoins Time Warp Attack Heres Why /Solana-Based Lending App Solend Gets Hacked For $1.26 Million In 'Oracle Attack'

Solana-Based Lending App Solend Gets Hacked For $1.26 Million In 'Oracle Attack'

02 Nov 2022

Participate in the Verse Public sale and opt into the exclusive raffle on Bitcoin.com Games to get up to $25,000 worth of Verse tokens for free.

Bitcoin.com is launching Verse, a rewards and utility token that will be used across the full range of Bitcoin.com products including the official non-custodial wallet app where users can buy, sell, trade, earn and use crypto. Stake it or use it as collateral, the VERSE token will give its users exclusive access to Bitcoin.com products and services while being traded on the Verse DEX.

Bitcoin.com Games, our premium crypto casino, is offering any player old or new, that is a registered member, a chance to multiply the tokens they purchase in the Verse public sale. All Bitcoin.com Games players that participate in the public sale will be entered into a raffle where 3 lucky participants will win from a prize pool of $50,000 worth of Verse tokens. The first lucky draw will win a 5x multiplier on their Verse purchase and get up to $25,000 in Verse tokens.

Any registered member of the Bitcoin.com Games casino can opt into the promotion before participating in the Verse public sale at getverse.com with any amount of their choice to be eligible for a ticket to the Exclusive Raffle. Players that participate in the VERSE token sale can even get extra entries into the raffle by opting into the promotion and wagering a minimum of $100. Every $100 wagered will also grant an extra ticket for the raffle.

The token sale for VERSE has begun on the 1st of November, 2022 and interested buyers can purchase VERSE using BTC, BCH, ETH, or USDT/USDC.

Find more information on VERSE and the token sale on getverse.com. Participate in the ongoing Exclusive Raffle on Bitcoin.com Games and stand a chance to win up to 5x Verse tokens!

What do you think about Bitcoin.com Game’s Exclusive Raffle? Let us know what you think in the comments section below.

This is a promoted post. Learn more on how to reach our audience here. Read the disclaimer below.

Since 2015, Bitcoin.com has been a global leader in introducing newcomers to crypto. Featuring accessible educational materials, timely and objective news, and intuitive self-custodial products, we make it easy for anyone to buy, spend, trade, invest, earn, and stay up-to-date on cryptocurrency and the future of finance.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Central Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year

The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this ... read more.

Participate in the Verse Public sale and opt into the exclusive raffle on Bitcoin.com Games to get up to $25,000 worth of Verse tokens for free.

Bitcoin.com is launching Verse, a rewards and utility token that will be used across the full range of Bitcoin.com products including the official non-custodial wallet app where users can buy, sell, trade, earn and use crypto. Stake it or use it as collateral, the VERSE token will give its users exclusive access to Bitcoin.com products and services while being traded on the Verse DEX.

Bitcoin.com Games, our premium crypto casino, is offering any player old or new, that is a registered member, a chance to multiply the tokens they purchase in the Verse public sale. All Bitcoin.com Games players that participate in the public sale will be entered into a raffle where 3 lucky participants will win from a prize pool of $50,000 worth of Verse tokens. The first lucky draw will win a 5x multiplier on their Verse purchase and get up to $25,000 in Verse tokens.

Any registered member of the Bitcoin.com Games casino can opt into the promotion before participating in the Verse public sale at getverse.com with any amount of their choice to be eligible for a ticket to the Exclusive Raffle. Players that participate in the VERSE token sale can even get extra entries into the raffle by opting into the promotion and wagering a minimum of $100. Every $100 wagered will also grant an extra ticket for the raffle.

The token sale for VERSE has begun on the 1st of November, 2022 and interested buyers can purchase VERSE using BTC, BCH, ETH, or USDT/USDC.

Find more information on VERSE and the token sale on getverse.com. Participate in the ongoing Exclusive Raffle on Bitcoin.com Games and stand a chance to win up to 5x Verse tokens!

What do you think about Bitcoin.com Game’s Exclusive Raffle? Let us know what you think in the comments section below.

This is a promoted post. Learn more on how to reach our audience here. Read the disclaimer below.

Since 2015, Bitcoin.com has been a global leader in introducing newcomers to crypto. Featuring accessible educational materials, timely and objective news, and intuitive self-custodial products, we make it easy for anyone to buy, spend, trade, invest, earn, and stay up-to-date on cryptocurrency and the future of finance.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Central Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year

The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this ... read more.

The Solana-centric lending application Solend lost $1.26 million in an oracle attack, according to Solend’s official Twitter account on Wednesday. A number of affected pools were disabled, and Solend says it has given crypto exchanges the exploiter’s address.

The crypto community has seen two significant hacks in the last 24 hours, and one of them stemmed from the decentralized finance (defi) protocol Solend. The team’s official Twitter account tweeted about the loss after it said it suffered from an oracle attack that affected a number of isolated pools.

“An oracle attack on USDH affecting the Stable, Coin98, and Kamino isolated pools was detected, resulting in $1.26M in bad debt,” Solend tweeted. “All other pools including the Main pool are safe. Affected pools have been disabled and exchanges have been notified of the exploiter’s address — Note that the attack did not involve Pyth,” the Solend team added.

The Solend exploit was also reported by the blockchain and smart contract security auditors Peckshield and Certik. “Solend has detected an oracle attack, resulting in ~$1.26M in bad debt. Affected pools have already been disabled,” Peckshield told the firm’s 37,900 Twitter followers. Certik also confirmed the exploit on Twitter when the company wrote:

Solend has reported that an oracle attack on USDH has affected the Stable, Coin98, and Kamino isolated pools. The affected pools have been disabled — Stay vigilant.

The Solend hack follows the crypto options giant Deribit losing $28 million in a hot wallet attack on Nov. 1, 2022. The two hacks further follow a significant rise in hacks that took place during 2022’s third quarter. Certik’s “2022 Q3 Hack3d Report” highlights the fact that malicious actors drained more than $504 million in value from Web3 protocols in Q3 2022.

What do you think about Solend losing $1.26 million in an oracle attack? Let us know what you think about this subject in the comments section below.

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

NFT Sales Volume Saw a Small Uptick This Week — Moonbirds, Mutant Apes Take Top Sales

Non-fungible token (NFT) sales saw a small uptick over the last week as $658.4 million in NFT sales were recorded, up 3.35% in seven days. Out of 15 blockchains, Polygon-based NFT sales saw the largest increase in volume, jumping 106.68% ... read more.

Source From : News

© CoinJoker 2019 | All Rights Reserved.