Sunday, February 5, 2023
  • Login
BlaQue Crypto News
CRYPTO MARKETCAP
No Result
View All Result
  • HOME
  • BITCOINS
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • METAVERSE
  • WEB3
  • DEFI
  • ANALYSIS
  • REGULATIONS
  • SCAM ALERT
  • HOME
  • BITCOINS
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • METAVERSE
  • WEB3
  • DEFI
  • ANALYSIS
  • REGULATIONS
  • SCAM ALERT
BlaQue Crypto News
No Result
View All Result

QiDAO halts its bridge after struggling a $13 million exploit

by BlaQue Crypto
April 11, 2022
in Scam Alert
Reading Time: 2 mins read
A A
0
Home Scam Alert
Share on FacebookShare on Twitter


  • The hack on Polygon stablecoin QiDao comes barely a day after Polygon Community accomplished a $450 million non-public token sale
  • QiDao protocol shared an replace, confirming that person funds on QiDao contracts are protected

Mai Finance creator QiDao has been exploited to a tune of $13 million. The Polygon’s native stablecoin protocol shared a Twitter post a couple of hours in the past revealing that its Superfluid vesting contract had been compromised.

“Superfluid’s vesting contract for QI has been exploited. Person funds on QiDao contracts stay protected. The exploit is solely on Superfluid. We’ll launch an replace once we know extra,” QiDao wrote.

The crew despatched a fast replace through a follow-up post detailing that the scenario was nonetheless underneath evaluation. The replace additionally specified that no person funds had been affected and that Qi bridging had been suspended in the meanwhile.

“We’re nonetheless assessing the scenario. We will affirm that each one funds in QiDao are protected. No person funds have been affected. We’re conscious there are different tokens affected. We’ll replace the group once we study extra. Qi bridging is quickly paused.”

QI token worth dips

Though the information of the exploit hadn’t made headlines on many crypto information retailers on the time, it left an enormous dent out there worth of the governance token QI. The value of QI plunged from $1.238 proper earlier than the exploit was reported to $0.166 in lower than two hours because the perpetrator(s) dumped the tokens on Quickswap.

QI/USD buying and selling chart. Supply: CoinMarketCap

 Market information reveals that the token has hemorrhaged 40% of its worth within the final 24 hours. Many traders rushed to purchase QI at a low worth, consequently pushing the worth greater. QI is now buying and selling at $0.73 as per CoinMarketCap.

Superfluid, which describes itself as a ‘DeFi primitive to automate recurring transactions and monetise Web3’, is a great contract framework that operates on Ethereum.

The Superfluid Twitter crew acknowledged the exploit on QiDAO and warned customers to “keep away from interactions with Superfluid sensible contracts till additional discover.” The crew additionally requested customers to unwrap their SuperTokens as they may very well be focused by the malicious actor(s).

The attacker(s) stole an estimated $13 million price of tokens, in all probability from the crew vested token pool since person funds weren’t affected. CoinTelegraph reviews that these tokens embrace 1.5 million MOCA, 562,000 USDC, 40,000 sdam3CRV, 23,000 STACK, 44 SDT, and 24 WETH.

Price noting, the exploit comes lower than two months since Superfluid launched MAIx, permitting customers to stream MAI (miMatic). Beforehand QiDao leveraged Superfluid to stream QI tokens to contributors on Polygon.





Source link

Tags: Bitcoin NewsBlaQueBlaQue CryptobridgeCrypto NewsexploithaltsLatest Crypto NewsMillionQiDAOsuffering
Previous Post

Bounce Crypto replenishes 120k ETH to cowl Wormhole exploit

Next Post

US arrests two for Bitfinex hack, seizes $3.6B value of BTC

Related Posts

Scam Alert

UK dwelling to lots of of firms working crypto, foreign exchange scams

February 1, 2023
Scam Alert

UK regulator is investigating a charity linked to FTX

February 3, 2023
Scam Alert

DOJ seeks Bankman-Fried ban for alleged witness affect

January 30, 2023
Scam Alert

Robinhood confirms Twitter hack that promoted fraudulent crypto token

January 28, 2023
Scam Alert

Crypto ransomware funds fall 40% in 2022

January 24, 2023
Scam Alert

Roubini says 99% of crypto is a rip-off – ‘it’s important to keep away’

January 20, 2023
Next Post

US arrests two for Bitfinex hack, seizes $3.6B value of BTC

Crypto ransomware has grown and so has its function in geopolitical conflicts: Chainalysis

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest

Underrated cryptocurrencies you may get on June 22: TITAN, WAVES and XCN

June 23, 2022

Hackers steal over $4.7M from Uniswap V3 LPs by way of phishing assault

July 14, 2022

OpenSea Mails Prospects, Warns Of Potential Phishing Emails Due To Knowledge Leak

June 30, 2022

Meta May Launch Quest 3 in 2023, Analyst Says

January 23, 2023

Your January E-newsletter for All Issues BitPay and Crypto

January 27, 2023

Moralis Tasks – Construct an In-Sport Unity NFT Store » Moralis » The Final Web3 Growth Platform

May 14, 2022

OneCoin disaster supervisor Frank Schneider to face trial within the US

December 9, 2022

How one can Entry the Metaverse in 2022

May 25, 2022

Russia Expands Its Crypto Mining Capability, Report Reveals – Mining Bitcoin Information

February 4, 2023

Worth Prediction: By February 9, 2023, Zilliqa (ZIL) Worth Will Enhance to $0.045938

February 4, 2023

Debate Intensifies Over Significance and Implications of Ordinal Inscriptions on Bitcoin Blockchain – Bitcoin Information

February 4, 2023

Is the crypto backside in? On-chain says sure, macro says ache happens after the fed pause

February 4, 2023

Reddit – Dive into something

February 5, 2023

Lowered To Penny Shares In 2022, Public Bitcoin Miners Are Primed To Come Again

February 4, 2023

Billionaire Ray Dalio believes that fiat is in jeopardy

February 4, 2023

Bitcoin Derivatives Market Volumes Present Bullish Pattern After 2022 Downturn

February 4, 2023
Facebook Twitter LinkedIn Instagram Pinterest Tumblr TikTok Youtube RSS
BlaQue Crypto News

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at BlaQue Crypto News.

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Mining
  • Crypto Updates
  • Decentralized Finance
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 BlaQue Crypto News.
BlaQue Crypto News is not responsible for the content of external sites.

No Result
View All Result
  • HOME
  • BITCOINS
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • METAVERSE
  • WEB3
  • DEFI
  • ANALYSIS
  • REGULATIONS
  • SCAM ALERT

Copyright © 2022 BlaQue Crypto News.
BlaQue Crypto News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoinBitcoin (BTC) $ 23,336.00 0.12%
  • ethereumEthereum (ETH) $ 1,660.99 0.36%
  • tetherTether (USDT) $ 1.00 0.02%
  • bnbBNB (BNB) $ 329.62 0.04%
  • usd-coinUSD Coin (USDC) $ 1.00 0.05%
  • xrpXRP (XRP) $ 0.409281 0.1%
  • binance-usdBinance USD (BUSD) $ 1.00 0.04%
  • cardanoCardano (ADA) $ 0.397226 0.92%
  • dogecoinDogecoin (DOGE) $ 0.094674 0.99%
  • matic-networkPolygon (MATIC) $ 1.25 1.47%