{"id":125569,"date":"2023-07-21T13:00:58","date_gmt":"2023-07-21T13:00:58","guid":{"rendered":"https:\/\/dripp.zone\/news\/curve-omnipool-platform-conic-finance-hacked-for-3-2-million-in-eth-crypto-news\/"},"modified":"2023-07-21T13:01:00","modified_gmt":"2023-07-21T13:01:00","slug":"curve-omnipool-platform-conic-finance-hacked-for-3-2-million-in-eth-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/curve-omnipool-platform-conic-finance-hacked-for-3-2-million-in-eth-crypto-news\/","title":{"rendered":"Curve omnipool platform Conic Finance hacked for $3.2 million in ETH\n &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div data-v-2649fa34=\"\">\n<p>Conic Finance, a liquidity pool balancing platform for the decentralized finance (DeFi) protocol Curve, has suffered an exploit on the Ethereum omnipool.<\/p>\n<p>Conic Finance has been exploited for $3.26 million in Ether (<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/ethereum-price\">eth<\/a>), the Web3 risk-alert source Beosin Alert <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/BeosinAlert\/status\/1682348279387025416?s=20\">Reported<\/a> on July 21. Nearly the entire amount of stolen cryptocurrency was <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/etherscan.io\/address\/0x3d32C5a2E592c7B17e16bdDc87EAb75f33ae3010\">Sent<\/a> to a new Ethereum address in just one transaction, according to data provided by Beosin.<\/p>\n<figure><figcaption style=\"text-align: center;\"><em>Transactions on the address involving a flashloan exploit on Coin ETH Pool.  Source: Etherscan<\/em><\/figcaption><\/figure>\n<p>Conic Finance was quick to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/ConicFinance\/status\/1682346727578255360?s=20\">confirmed<\/a> the news on Twitter, stating that the platform is currently investigating the exploit and will share updates as soon as they are available.<\/p>\n<p><strong><em>Related: <\/em><\/strong><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/news\/arcadia-finance-hacked-on-ethereum-and-optimism-for-455k\" data-amp=\"https:\/\/cointelegraph-com.cdn.ampproject.org\/c\/s\/cointelegraph.com\/news\/arcadia-finance-hacked-on-ethereum-and-optimism-for-455k\/amp\"><strong><em>DeFi protocol Arcadia Finance hacked on Ethereum and Optimism for $455K<\/em><\/strong><\/a><\/p>\n<p>According to the initial analysis <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/peckshield\/status\/1682354822899712001?s=20\">provided<\/a> By the blockchain security firm Peckshield, the root cause came from the new CurveLPOracleV2 contract.<\/p>\n<p>\u201cOur audit identifies a similar read-only reentrancy issue.  However, the same issue is introduced in the newly introduced CurveLPOracleV2 contract, which was not part of the audit scope,&#8221; Peckshield wrote.<\/p>\n<p class=\"post-content__disclaimer\">This is a developing story, and further information will be added as it becomes available.\n<\/p>\n<p><strong><em>Magazine: <\/em><\/strong><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/magazine\/wolf-of-all-streets-world-bitcoin-hits-1m-1-million-hall-of-flame\/\"><strong><em>Hall of Flame: Wolf Of All Streets worries about a world where Bitcoin hits<\/em><\/strong><\/a><\/p>\n<p><template data-name=\"subscription_form\" data-type=\"defi_newsletter\"\/><\/p>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Conic Finance, a liquidity pool balancing platform for the decentralized finance (DeFi) protocol Curve, has suffered an exploit on the Ethereum omnipool. Conic Finance has been exploited for $3.26 million in Ether (eth), the Web3 risk-alert source Beosin Alert Reported on July 21. Nearly the entire amount of stolen cryptocurrency was Sent to a new [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":125570,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-125569","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/125569","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=125569"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/125569\/revisions"}],"predecessor-version":[{"id":125571,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/125569\/revisions\/125571"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/125570"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=125569"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=125569"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=125569"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}