SIR.trading Hack: A Costly Dencun Attack - Cryptocurrency News - Altcoin Buzz
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The Dencun attack on SIR.trading exposed Ethereum Dencun upgrade vulnerabilities, disrupting DeFi. After releasing this protocol update, the attack preyed on the opportunity. It emptied SIR.trading’s entire $355,000 TVL. It is one of the first recorded events exposing transient storage vulnerabilities. Read on to understand this better. The Dencun attack raises concerns about the security of DeFi protocols using Ethereum’s new functionality.How the Hack HappenedTenArmorAlert and Decurity were the first to raise the alarm, warning users that the protocol had been completely drained. Xatarrer, the founder of SIR.trading, said it is the most unfortunate news for a protocol. He promised users that the company would continue functioning despite the loss.????TenArmor Security Alert????Our system has detected a suspicious attack involving #SIR.trading @leveragesir on #ETH, resulting in an approximately loss of $353.8K.The stolen funds have been deposited into RailGun.Attack transaction: https://t.c...