DeFi Project Akropolis Drained of $2M in DAI

[sneakyboi]

DeFi Project Akropolis Drained of $2M in DAI

Decentralized finance (DeFi) platform Akropolis has suffered a $2 million loss following a re-entrancy attack utilizing a flash loan from derivatives platform dYdX, according to Akropolis founder and CEO Ana Andrianova.

The attacker pulled out tranches of $50,000 in DAI from the project’s yCurve and sUSD pools, according to The Block researcher Steven Zheng and Andrianova. The attacker collected $2 million worth of the stablecoin before exhausting the pools.

Learn more about the news here.

[hair]

Was this due to negligence of the project team or their weak security system?

[EAA-ALLAH]

Was this due to negligence of the project team or their weak security system?

Actually most of the hacking phenomena occurring due to neglecting of projects team authorities. Because Binance and others cryptocurrencies exchange security systems very strong and Private ,but how can hackers hacked cryptocurrencies exchange and theft millions millions dollars?

[Paglamon]

Hackers are constantly trying to steal the team's assets. However, due to the negligence of some project teams, hackers get a chance to hack. Some are hacked for lack of security. If the security system is good, there is no possibility of being hacked. The security system is very good for good exchanges so there are no hacking incidents.

[hair]

but how can hackers hacked cryptocurrencies exchange and theft millions millions dollars?

I also want to know the cause. many cases that happened were the DeFi project, this made me hesitate to invest in the DeFi project

[EAA-ALLAH]

but how can hackers hacked cryptocurrencies exchange and theft millions millions dollars?

I also want to know the cause. many cases that happened were the DeFi project, this made me hesitate to invest in the DeFi project

Recently defi projects scamming a simple phenomena in cryptocurrencies market. Pickle, dai flash loan scamming, uniswap decentralized exchange fake google application scams, and acropolis scamming are the most discussing event in recently.