financialloss

On April 26th, the Solana DeFi protocol Loopscale was hacked for over $3 million. This breach resulted in a loss of approximately $5.8 million in NFTs. Unfortunately, this exploit has directly impacted Loopscale users. It has led to some much-needed conversations around security and risk management practices within the burgeoning...

Imagine this: you're a teacher, finally deciding to dip your toes into crypto, lured by the promises of a secure financial future. You pick Coinbase—you know the name, you trust the name, it looks like a legitimate platform. Then one day, an email that seems completely legitimate shows up. Instead,...

KiloEx, a decentralized finance (DeFi) platform, tools and liquidity operations have been suspended. This decision comes on the heels of a severe security breach that resulted in losses of around $7.5 million. The attack, which was blamed on oracle manipulation and cross-chain vulnerabilities, sheds light on the systemic risks that...

In the rapidly evolving landscape of decentralized finance (DeFi), security cannot be an afterthought. Recent developments surrounding KiloEx show how quickly things can turn on even the most seemingly promising platforms. It’s a cautionary tale to halt complacency in this rapidly changing environment. MetaBlock X is looking forward to breaking...