IPC tokens were suspected to be attacked, with a loss of about $590,000

CertiK Alert has discovered a vulnerability in the IPC token deployed 7 days ago. Attackers bypassed the flash loan protection mechanism and used the deflation mechanism to destroy the tokens, stealing approximately $590,000 from users.

Comments

All Comments

Recommended for you

Helene Braun ·

Sovereign Wealth Funds Were Buyers as Bitcoin Plunged: BlackRock's Larry Fink

The CEO of the asset management giant, whose IBIT is the largest of the spot BTC ETFs, said the state actors were buying not for a trade, but to hold for years.
Francisco Memoria ·

Balancer DAO Starts Discussing $8M Recovery Plan After $110M Exploit Cut TVL by Two-Thirds

The recovered tokens, spanning multiple networks and assets, will be paid out in the same tokens as originally provided, with a claim mechanism being developed.
Stephen Katte ·

US investors consider crypto less as risk-taking drops: FINRA study

FINRA found the number of people invested in crypto was steady from 2021 to 2024, but fewer were considering either buying more or investing for the first time.
Decrypt ·

OpenAI Ordered to Hand Over 20M ChatGPT Logs in NYT Copyright Case

A federal judge rejected OpenAI’s bid to limit discovery, directing the company to produce de-identified user logs central to the case.
Brian Morrissey ·

Strategy won’t be forced to sell Bitcoin if stock drops, Bitwise CIO says

Strategy has $1.4 billion in cash, no debt due until 2027, and Bitcoin's price is above the company’s cost basis, making a sale unlikely, argues Matt Hougan.
Zixi.eth ·

BeFlow: Rebuilding Payment Logic with Technology — From an Incentive Tool to a Consumption Operating System
Jesse Hamilton ·

Trump's CFTC, FDIC Picks Closer to Taking Over Agencies as They Advance in Senate

The Senate's process is inching forward on a mass-confirmation that would include two nominations with major crypto implications.
Jesse Hamilton ·

Connecticut Orders Kalshi, Robinhood, Crypto.com to Cease Sports Betting

The state issued cease-and-desist orders to the firms to stop conducting "unlicensed online gambling" via their sports events contracts.
Shaurya Malwa ·

ADA, ETH, XRP Climb as Bitcoin Zooms Above $93K, But Traders Warn of ‘Fakeout Rally’

“The short-term setup has shifted into a choppy pullback, with markets watching whether BTC can stabilize within the $90,000–$91,000 support zone,” one trader said.
Sam Rawal ·

Asia Morning Briefing: Polymarket Bettors Still Expect Big Strategy Buys Even as Saylor Prepares for a Weak Market

CryptoQuant’s latest report shows the company preparing for weaker conditions with smaller buys and a growing USD buffer, yet traders continue to price in a playbook built on reflexive accumulation.