Ionic suffered an attack with losses reaching $8.6 million, its predecessor Midas Protocol had been attacked twice before
On-chain data shows that Ionic on Mode suffered an attack with losses reaching $8.6 million. On-chain detective ZachXBT commented on this matter: Ionic's predecessor was the Midas protocol, which had been attacked twice in 2023, yet when the Ionic project went live, it used Midas' old audit report from 2022.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin OG opens 5x ETH short position worth $15.04 million
Current mainstream CEX and DEX funding rates indicate the market remains broadly bearish
The Crypto Fear Index rises to 28, escaping the "Extreme Fear" zone
Analyst: The current macro environment is similar to the pandemic period, and bitcoin still has room to rise
Trending news
MoreCrypto prices
More
