Channels

Read

Exactly Protocol

<div class="coingape"> 
 <p><span style="font-weight: 400">Crypto research firm Messari </span><span style="font-weight: 400">stated</span><span style="font-weight: 400"> that the hack resulted in a loss approximated at $7.3 million, highlighting the pressing need for heightened security measures in DeFi platforms and smart contracts.</span></p>  
 <div class="quads-location quads-ad90952 " id="quads-ad90952" style="float:none;text-align:center;padding:0px 0 0px 0;"> 
  <div class="ad1"> 
   <div class="advertised"> <span class="ad-placeholder">advertisement</span> 
   </div> 
  </div>  
 </div> 
 <h2 id="strong-exactly-protocol-suspends-activities-strong"><strong>Exactly Protocol Suspends Activities</strong></h2> 
 <p><span style="font-weight: 400">In a swift response to the ongoing security issue, the Exactly Protocol has opted to temporarily </span><span style="font-weight: 400">suspend</span><span style="font-weight: 400"> its operations while investigations are being carried out. However, the Exactly team said users will still have the ability to withdraw their assets during this period.</span></p> 
 <p><span style="font-weight: 400">While specific details about the nature of the security breach are currently limited, the project’s commitment to transparent communication and user protection remains evident.</span></p> 
 <p><span style="font-weight: 400">This swift and calculated move to suspend activities demonstrates the project’s prioritization of user safety above all else. While it is undoubtedly inconvenient for users who might have been engaging with the protocol, such measures are essential to prevent further damage and ascertain the scope and nature of the breach.</span></p>  
 <div class="quads-location quads-ad148831 " id="quads-ad148831" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"> 
  <div class="NewTrendin dsdsd m-on"> 
   <h5> 
    <svg class="inline-block w-5 ml-1 text-black _text-digg-blue" width="34" height="20" xmlns="//www.w3.org/2000/svg" viewbox="0 0 17 17" fill="currentColor"> <path fill-rule="evenodd" d="M12 7a1 1 0 110-2h5a1 1 0 011 1v5a1 1 0 11-2 0V8.414l-4.293 4.293a1 1 0 01-1.414 0L8 10.414l-4.293 4.293a1 1 0 01-1.414-1.414l5-5a1 1 0 011.414 0L11 10.586 14.586 7H12z" clip-rule="evenodd"></path> 
    </svg>Recommended Articles </h5> 
   <div class="TrendSList owl-carousel owl-relatedpostar"> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.coingape.com/wp-content/uploads/2023/02/15173931/top-presale-project.jpg"> 
      <noscript> 
       <img width="1200" height="627" src="https://cdn.coingape.com/wp-content/uploads/2023/02/15173931/top-presale-project.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
      </noscript> 
     </div> 
     <h6 class="mb-4"> Crypto Presale Projects For 2023 To Invest; Updated List </h6> <span>Must Read</span> 
    </div> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="crypto exchange affiliate programs" decoding="async" data-lazy-src="https://cdn.coingape.com/wp-content/uploads/2023/08/09180645/trading-bots.jpg"> 
      <noscript> 
       <img width="1200" height="627" src="https://cdn.coingape.com/wp-content/uploads/2023/08/09180645/trading-bots.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="crypto exchange affiliate programs" decoding="async" loading="lazy"> 
      </noscript> 
     </div> 
     <h6 class="mb-4">Best Crypto Trading Bots List 2023</h6> <span>Must Read</span> 
    </div> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.coingape.com/wp-content/uploads/2022/12/15175104/top_crypto_marketing_agencies.jpg"> 
      <noscript> 
       <img width="1200" height="627" src="https://cdn.coingape.com/wp-content/uploads/2022/12/15175104/top_crypto_marketing_agencies.jpg" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
      </noscript> 
     </div> 
     <h6 class="mb-4"> Top Crypto Marketing Firms / Agencies 2023; Here’s Best Picks [Updated] </h6> <span>Must Read</span> 
    </div> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.coingape.com/wp-content/uploads/2023/05/15175814/crypto_telegram_channel.jpg"> 
      <noscript> 
       <img width="1200" height="627" src="https://cdn.coingape.com/wp-content/uploads/2023/05/15175814/crypto_telegram_channel.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
      </noscript> 
     </div> 
     <h6 class="mb-4">Crypto Telegram Channels List 2023 [Updated]</h6> <span>Must Read</span> 
    </div> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.coingape.com/wp-content/uploads/2022/12/23134356/jpg_20221223_134223_0000.jpg"> 
      <noscript> 
       <img width="1200" height="627" src="https://cdn.coingape.com/wp-content/uploads/2022/12/23134356/jpg_20221223_134223_0000.jpg" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
      </noscript> 
     </div> 
     <h6 class="mb-4">Top 10 Web3 Games To Explore In 2023; Here List</h6> <span>Must Read</span> 
    </div> 
   </div> 
  </div> 
 </div> 
 <h2 id="strong-notorious-hacks-and-their-impacts-strong"><strong>Notorious Hacks and their Impacts</strong></h2>  
 <div class="quads-location quads-ad124348 " id="quads-ad124348" style="float:none;text-align:center;padding:0px 0 0px 0;">   
 </div> 
 <p><span style="font-weight: 400">In recent years, the meteoric rise of </span><span style="font-weight: 400">cryptocurrencies</span><span style="font-weight: 400"> has revolutionized the global financial landscape, offering decentralized, borderless, and potentially lucrative opportunities. However, this groundbreaking technology has also given rise to an alarming trend: the proliferation of crypto hacks.&nbsp;</span></p> 
 <p><span style="font-weight: 400">As the digital realm becomes more intricate and intertwined with our lives, the evolution of cyber threats poses a significant challenge to the security and trustworthiness of the crypto ecosystem.</span></p> 
 <p><span style="font-weight: 400">Several high-profile crypto hacks have made headlines, underscoring the gravity of the issue. The </span><span style="font-weight: 400">Mt.Gox</span><span style="font-weight: 400"> hack in 2014, which resulted in the loss of 647,000 Bitcoin, and the recent attack on Curve Finance, which </span><span style="font-weight: 400">targeted</span><span style="font-weight: 400"> flaws in the release history of the Vyper compiler to siphon off a substantial portion of funds, serve as painful reminders of the vulnerabilities inherent in the crypto ecosystem.</span></p> 
 <p><span style="font-weight: 400">As the industry continues to grow and evolve, addressing security vulnerabilities must be a top priority. By fostering a culture of vigilance, collaboration, and proactive security measures, the crypto community can better navigate the challenges and ensure the long-term success of blockchain technology.</span></p> 
</div>

Scam Alert: Hackers Drains Exactly Protocol of 4300 ETH

Table of Contents

TheBitTimes

Other articles published on Aug 18, 2023

XRP and LTC Became the Top Losers, Decline 17%

Top 5 Gaming and Casino Stock Every Trader Must Know About

Shiba Inu's Shibarium Network resumes block production after brief pause

Did Bitcoin Price Crash to $25K Because of Fake SpaceX News?

Bitcoin's price Drop Below $27k level, More downtrend ahead?

LiFi launches multi-bridge governance solution after Uniswap debate

Join our free newsletter for daily crypto updates!