HomeUncategorizedShould crypto projects ever negotiate with hackers? Probably By Cointelegraph

Should crypto projects ever negotiate with hackers? Probably By Cointelegraph

December 16, 2022

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Should crypto projects ever negotiate with hackers? Probably

A highly profitable trading strategy was how hacker Avraham Eisenberg described his involvement in the Mango Markets exploit that occurred on Oct. 11.

By manipulating the price of the decentralized finance protocols underlying collateral, MNGO, Eisenberg and his team took out infinite loans that drained $117 million from the Mango Markets Treasury.

The Mango Markets $47-million settlement received 96.6% of the votes. Source: Mango Markets
ImmuneFis CEO, Mitchell Amador. Source: LinkedIn
Perhaps the Poly Network hacker really just wanted a small bounty for his efforts. Source: Tom Robinson via Twitter
Many funds have been lost in DeFi exploits this year. Source: Token Terminal
Not all hackers are interested in striking bounty deals with developers. Source: Nomad Bridge
Chainalysis VP of investigations, Erin Plante. Source: LinkedIn
Best to avoid getting hacked in the first place. Source: Pexels

Continue Reading on Coin Telegraph

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Should crypto projects ever negotiate with hackers? Probably

A highly profitable trading strategy was how hacker Avraham Eisenberg described his involvement in the Mango Markets exploit that occurred on Oct. 11.

By manipulating the price of the decentralized finance protocols underlying collateral, MNGO, Eisenberg and his team took out infinite loans that drained $117 million from the Mango Markets Treasury.

The Mango Markets $47-million settlement received 96.6% of the votes. Source: Mango Markets
ImmuneFis CEO, Mitchell Amador. Source: LinkedIn
Perhaps the Poly Network hacker really just wanted a small bounty for his efforts. Source: Tom Robinson via Twitter
Many funds have been lost in DeFi exploits this year. Source: Token Terminal
Not all hackers are interested in striking bounty deals with developers. Source: Nomad Bridge
Chainalysis VP of investigations, Erin Plante. Source: LinkedIn
Best to avoid getting hacked in the first place. Source: Pexels

Continue Reading on Coin Telegraph

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