Flawed

Seneca’s $6M Stablecoin Protocol Hack: 😱 Flawed Smart Contract Takes Toll!

Theon BarrettFeb 29, 20243 min read

Exploit Leads to $6 Million Loss on Seneca Stablecoin Protocol A stablecoin protocol called Seneca recently experienced an exploit that resulted in a loss of over…

SEC Commissioner criticizes fellow colleagues for using flawed legal reasoning

Noah RyptonDec 23, 20233 min read

SEC Commissioner Claps Back at Colleagues Over Fine on DeFi Protocol Hester Peirce, a commissioner with the U.S. Securities and Exchange Commission (SEC), criticized her colleagues…

Yearn Finance experiences 63% position loss in treasury due to flawed script

Theon BarrettDec 13, 20232 min read

(Yearn Finance clarifies incident impact on LP position) Yield-farming protocol Yearn Finance has issued a correction regarding an incident that affected its treasury. The faulty script…

Dumping of Treasury by Banana Guns Team: The Fallout of a Flawed Token Bug

Theon BarrettSep 12, 20232 min read

Hyped-Up Launch of Telegram Bot Token Ends in Disaster A Telegram bot token called Banana Gun, which allowed users to participate in upcoming token launches, encountered…

SEC Takes Action Against Crowe U.K. LLP for Flawed Audit of Akazoo

Cyrus DaileyAug 22, 20232 min read

The SEC Takes Action Against Crowe U.K. and Implicated Individuals Over Akazoo Audit In a significant move, the U.S. Securities and Exchange Commission (SEC) has taken…

Flawed Seed Subcommand Leaves Cryptocurrency Holdings Vulnerable

Bitro ConwellAug 11, 20232 min read

The Issue with Crypto Wallets According to Distrust, a flawed seed command used in generating wallet private key entropy is leaving cryptocurrency holdings at risk of…

Coinbase CLO Calls Out SECs Flawed Response, Igniting Debate

Lola CoinJul 8, 20232 min read

SEC Files Lawsuit Against Coinbase for Operating as Unregistered Securities Exchange Coinbase accused by SEC of operating as unregistered national securities exchange and broker 13 cryptocurrencies…

BIS Advocates Tokenization for a Unified Ledger, Labels Crypto as Flawed System

Lola CoinJun 28, 20231 min read

The Bank for International Settlements (BIS) has published its annual economic report titled “A Tale of Three Journeys,” which highlights the significance of digital innovation in…

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