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Detail Analysis

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Date:

Status:

Count:

Contributor:

December 28, 2020

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Verified

1

zerofriction.io

Loss Amount:

3,000,000

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Recovered Amount:

3,000,000

Currency:

Dollars

KYC By:

Audit By:

None

None

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Website:

Twitter:

No data

Discord:

No data

Telegram:

No data

Medium:

No data

Github:

No data

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The decentralized finance (DeFi) insurance project Cover Protocol was hacked earlier Monday in an infinite printing scheme, causing the price of the COVER token to plunge. Hours later, Grap.Finance, a "white hat hacker" claimed responsibility for the attack via their Twitter account, saying all funds had been returned. The exploiter has cashed out over $4 million including about 1,400 ethereum, one million dai and 90 WBTC. The attacker earlier created 40 quintillion COVER tokens and sold $5 million worth of them on Monday morning. More than $3 million has been returned.

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Under no circumstances, shall Zero Friction LLC be liable for any loss of profit or funds, any regulatory or governmental penalties, any legal costs, or any other commercial and non-commercial damages, including but not limited to special, incidental, consequential, or other damages from any or all usage of the dataset or information derived from our database.