Decentralized Finance platform has been continuously attacked, and security vulnerabilities have caused billions in asset losses.

Recently, a platform providing Decentralized Finance and coin services experienced a security incident, with its lending protocol being attacked, forcing the platform to temporarily shut down. Security experts analyze that the method of this attack is similar to the attack on a certain DEX the day before, and it may have been carried out by the same group of people. Currently, the platform team is conducting an in-depth investigation into the details of the incident.

On-chain data shows that the attacker has transferred the acquired assets to two mainstream lending platforms. According to statistics from a certain data platform, the locked amount on the victim platforms plummeted by 99.9% within 24 hours, resulting in significant losses.

The day before, hackers exploited a compatibility vulnerability between a certain DEX and the ERC777 token standard, executing a reentrancy attack through multiple iterations of the tokensToSend function during ETH and imBTC transactions. Security agencies analyzed that this attack resulted in a loss of 1,278 ETH for the DEX, approximately $220,000. Additionally, about 18.37 imBTC were obtained at a low price for arbitrage by two addresses starting with 0x3195c3 and 0x17559a.

The two consecutive attacks have once again raised concerns in the industry regarding DeFi security issues. Experts are calling for platforms to strengthen security audits and promptly fix potential vulnerabilities to protect user asset security. At the same time, users should also remain vigilant and carefully assess risks when participating in DeFi projects.