28 Sunday February 2021
  • About
  • Advertise
  • Submit Press Release
  • Contact Us
Cryptocurrency News | Bitcoin News | Cryptonews | DC Forecasts.com
  • News
    • Bitcoin News
      • Bitcoin News
      • Bitcoin Cash News
      • Bitcoin SV News
      • Bitcoin Scams
    • Altcoin News
      • Ethereum News
      • Litecoin News
      • Ripple News
      • Libra News
      • Binance News
      • Cardano News
      • Huobi News
      • Binance Coin News
      • Coinbase News
      • ChainLink News
      • IOTA News
      • Monero News
      • Ethereum Classic News
      • Dash News
      • Stellar News
      • Tether News
      • Tezos News
      • Tron News
      • Vechain News
      • Dogecoin News
      • Cosmos News
      • EOS News
      • NEM News
      • NEO News
      • Nexo News
      • Zcash News
      • UNUS News
      • USD Coin News
      • MECX Token News
      • Coronavirus News
    • Exchange News
    • Analysis
    • Blockchain News
    • Regulation
    • Press Releases
    • DC Forecasts
      • DC Forecasts Announcements
      • About
      • Daily News Video
      • EDUCATION & RESOURCES
      • Blockchain Archive
  • Education
    • Coronavirus Statistics
    • Cryptocurrency Education
      • 0x
      • Augur
      • Aurora
      • Basic Attention Token
      • Binance Coin
      • Bitcoin BTC
      • Bitcoin Cash
      • BITCOIN DIAMOND
      • Bitcoin Gold
      • Bitcoin SV
      • BitTorrent
      • Cardano
      • Chainlink
      • Cosmos
      • Crypto.com Chain
      • DASH
      • Decred
      • Dogecoin
      • Egretia
      • Energi
      • EOS
      • Ethereum
      • Ethereum Classic
      • Holo
      • Huobi Token
      • Litecoin
      • IOTA
      • Ripple
      • Stellar
      • Tether
      • Zcash
  • Markets
    • PriceIndexes
      • Bitcoin Price
      • Ethereum Price
      • Libra Price
      • Binance Price
      • Bitcoin Cash Price
      • Bitcoin SV Price
      • Cardano Price
      • IOTA Price
      • Crypto.com Chain Price
      • Dash Price
      • Dogecoin Price
      • EOS Price
      • Ethereum Classic Price
      • NEO Price
      • Vechain Price
      • Litecoin Price
      • Huobi Price
      • Maker Price
      • Chainlink Price
      • Monero Price
      • Cosmos Price
      • NEM Price
      • Ontology Price
      • Ripple Price
      • Stellar Price
      • Tether Price
      • Tezos Price
      • Tron Price
      • UNUS SED LEO Price
      • USD Coin Price
      • Zcash Price
    • Cryptocurrency Calculator
      • Bitcoin Calculator
      • Ethereum Calculator
      • Litecoin Calculator
      • Ripple Calculator
      • Dash Calculator
      • Dogecoin Calculator
      • Stellar Calculator
      • Monero Calculator
      • Binance Calculator
      • Cardano Calculator
      • Huobi Calculator
      • Binance Coin Calculator
      • Chainlink Calculator
      • IOTA Calculator
      • Ethereum Classic Calculator
      • Tether Calculator
      • Tezos Calculator
      • Tron Calculator
      • Vechain Calculator
      • Cosmos Calculator
      • EOS Calculator
      • NEM Calculator
      • NEO Calculator
      • Nexo Calculator
      • Zcash Calculator
      • USD Coin Calculator
      • UNUS SED LEO Calculator
    • Reviews
    • Cryptocurrency Exchanges
      • United Kingdom
      • USA
      • Canada
      • South Korea
      • Israel
      • Singapore
      • Australia
      • Mexico
      • South Africa
      • Japan
      • India
  • Directory
    • Bitcoin Businesses
    • Bitcoin Broker
    • Bitcoin Casinos
  • Events
    • Blockchain Events News
  • More
    • NewsletterDaily or Weekly
      • Press Release
      • Blockchain
      • Cryptocurrency Exchange
      • Bitcoin
      • Bitcoin Scams
      • Bitcoin SV
      • Ethereum
      • Ethereum Classic
      • Litecoin
      • Libra
      • Ripple
      • Coinbase
      • Huobi
      • IOTA
      • Monero
      • MECX Token
      • Cardano
      • NEO
      • NEM
      • ChainLink
      • Tether
      • Stellar
      • Cosmos
      • Tron
      • Dogecoin
      • UNUS
      • Tezos
      • EOS
      • Dash
      • USD Coin
      • Nexo
      • Vechain
      • DC Forecasts
    • Mining Calculator
      • Bitcoin Mining Calculator
    • WidgetsFree
      • RSS
      • Generator
    • Press Release
      • Bitcoin Press Release
Newsletter
Cryptocurrency News | Bitcoin News | Cryptonews | DC Forecasts.com
No Result
View All Result
28 Sunday February 2021
Newsletter
  • News
    • Bitcoin News
      • Bitcoin News
      • Bitcoin Cash News
      • Bitcoin SV News
      • Bitcoin Scams
    • Altcoin News
      • Ethereum News
      • Litecoin News
      • Ripple News
      • Libra News
      • Binance News
      • Cardano News
      • Huobi News
      • Binance Coin News
      • Coinbase News
      • ChainLink News
      • IOTA News
      • Monero News
      • Ethereum Classic News
      • Dash News
      • Stellar News
      • Tether News
      • Tezos News
      • Tron News
      • Vechain News
      • Dogecoin News
      • Cosmos News
      • EOS News
      • NEM News
      • NEO News
      • Nexo News
      • Zcash News
      • UNUS News
      • USD Coin News
      • MECX Token News
      • Coronavirus News
    • Exchange News
    • Analysis
    • Blockchain News
    • Regulation
    • Press Releases
    • DC Forecasts
      • DC Forecasts Announcements
      • About
      • Daily News Video
      • EDUCATION & RESOURCES
      • Blockchain Archive
  • Education
    • Coronavirus Statistics
    • Cryptocurrency Education
      • 0x
      • Augur
      • Aurora
      • Basic Attention Token
      • Binance Coin
      • Bitcoin BTC
      • Bitcoin Cash
      • BITCOIN DIAMOND
      • Bitcoin Gold
      • Bitcoin SV
      • BitTorrent
      • Cardano
      • Chainlink
      • Cosmos
      • Crypto.com Chain
      • DASH
      • Decred
      • Dogecoin
      • Egretia
      • Energi
      • EOS
      • Ethereum
      • Ethereum Classic
      • Holo
      • Huobi Token
      • Litecoin
      • IOTA
      • Ripple
      • Stellar
      • Tether
      • Zcash
  • Markets
    • PriceIndexes
      • Bitcoin Price
      • Ethereum Price
      • Libra Price
      • Binance Price
      • Bitcoin Cash Price
      • Bitcoin SV Price
      • Cardano Price
      • IOTA Price
      • Crypto.com Chain Price
      • Dash Price
      • Dogecoin Price
      • EOS Price
      • Ethereum Classic Price
      • NEO Price
      • Vechain Price
      • Litecoin Price
      • Huobi Price
      • Maker Price
      • Chainlink Price
      • Monero Price
      • Cosmos Price
      • NEM Price
      • Ontology Price
      • Ripple Price
      • Stellar Price
      • Tether Price
      • Tezos Price
      • Tron Price
      • UNUS SED LEO Price
      • USD Coin Price
      • Zcash Price
    • Cryptocurrency Calculator
      • Bitcoin Calculator
      • Ethereum Calculator
      • Litecoin Calculator
      • Ripple Calculator
      • Dash Calculator
      • Dogecoin Calculator
      • Stellar Calculator
      • Monero Calculator
      • Binance Calculator
      • Cardano Calculator
      • Huobi Calculator
      • Binance Coin Calculator
      • Chainlink Calculator
      • IOTA Calculator
      • Ethereum Classic Calculator
      • Tether Calculator
      • Tezos Calculator
      • Tron Calculator
      • Vechain Calculator
      • Cosmos Calculator
      • EOS Calculator
      • NEM Calculator
      • NEO Calculator
      • Nexo Calculator
      • Zcash Calculator
      • USD Coin Calculator
      • UNUS SED LEO Calculator
    • Reviews
    • Cryptocurrency Exchanges
      • United Kingdom
      • USA
      • Canada
      • South Korea
      • Israel
      • Singapore
      • Australia
      • Mexico
      • South Africa
      • Japan
      • India
  • Directory
    • Bitcoin Businesses
    • Bitcoin Broker
    • Bitcoin Casinos
  • Events
    • Blockchain Events News
  • More
    • NewsletterDaily or Weekly
      • Press Release
      • Blockchain
      • Cryptocurrency Exchange
      • Bitcoin
      • Bitcoin Scams
      • Bitcoin SV
      • Ethereum
      • Ethereum Classic
      • Litecoin
      • Libra
      • Ripple
      • Coinbase
      • Huobi
      • IOTA
      • Monero
      • MECX Token
      • Cardano
      • NEO
      • NEM
      • ChainLink
      • Tether
      • Stellar
      • Cosmos
      • Tron
      • Dogecoin
      • UNUS
      • Tezos
      • EOS
      • Dash
      • USD Coin
      • Nexo
      • Vechain
      • DC Forecasts
    • Mining Calculator
      • Bitcoin Mining Calculator
    • WidgetsFree
      • RSS
      • Generator
    • Press Release
      • Bitcoin Press Release
Cryptocurrency News | Bitcoin News | Cryptonews | DC Forecasts.com
No Result
View All Result
Bitcoin 24h
$45,306.70
-4.40%
Bitcoin 24h

$45,306.70
-1,992.10
-4.40%
Ethereum 24h
$1,419.68
-6.12%
Ethereum 24h

$1,419.68
-86.84
-6.12%
XRP 24h
$0.42
-6.67%
XRP 24h

$0.42
-0.03
-6.67%
Bitcoin Cash 24h
$461.48
-6.97%
Bitcoin Cash 24h

$461.48
-32.16
-6.97%
Chainlink 24h
$24.84
-8.07%
Chainlink 24h

$24.84
-2.00
-8.07%
Stellar 24h
$0.41
-10.24%
Stellar 24h

$0.41
-0.04
-10.24%
Cardano 24h
$1.34
-2.25%
Cardano 24h

$1.34
-0.03
-2.25%
Bitcoin SV 24h
$177.15
-5.94%
Bitcoin SV 24h

$177.15
-10.52
-5.94%
Litecoin 24h
$165.63
-5.81%
Litecoin 24h

$165.63
-9.62
-5.81%
Tezos 24h
$3.46
-9.46%
Tezos 24h

$3.46
-0.33
-9.46%
EOS 24h
$3.52
-8.23%
EOS 24h

$3.52
-0.29
-8.23%
Monero 24h
$218.66
+0.25%
Monero 24h

$218.66
+0.54
+0.25%
Neo 24h
$34.88
-9.55%
Neo 24h

$34.88
-3.33
-9.55%
TRON 24h
$0.05
-4.60%
TRON 24h

$0.05
-0.00
-4.60%
IOTA 24h
$1.14
-4.28%
IOTA 24h

$1.14
-0.05
-4.28%
Dash 24h
$197.58
-10.18%
Dash 24h

$197.58
-20.11
-10.18%
Ethereum Classic 24h
$10.42
-8.19%
Ethereum Classic 24h

$10.42
-0.85
-8.19%
Zcash 24h
$110.14
-10.74%
Zcash 24h

$110.14
-11.83
-10.74%
NEM 24h
$0.61
+6.43%
NEM 24h

$0.61
+0.04
+6.43%
Dogecoin 24h
$0.05
-3.49%
Dogecoin 24h

$0.05
-0.00
-3.49%
Binance USD 24h
$1.00
+0.03%
Binance USD 24h

$1.00
+0.00
+0.03%
Crypto.com Coin 24h
$0.14
-12.43%
Crypto.com Coin 24h

$0.14
-0.02
-12.43%
Cosmos 24h
$18.14
-9.97%
Cosmos 24h

$18.14
-1.81
-9.97%
Huobi Token 24h
$13.77
-16.91%
Huobi Token 24h

$13.77
-2.33
-16.91%
Maker 24h
$2,020.52
-2.00%
Maker 24h

$2,020.52
-40.46
-2.00%
Ontology 24h
$0.85
-10.84%
Ontology 24h

$0.85
-0.09
-10.84%
Tether 24h
$1.00
+0.16%
Tether 24h

$1.00
+0.00
+0.16%
UNUS SED LEO 24h
$1.90
-6.52%
UNUS SED LEO 24h

$1.90
-0.12
-6.52%
USD Coin 24h
$1.00
+0.04%
USD Coin 24h

$1.00
+0.00
+0.04%
VeChain 24h
$0.04
-6.31%
VeChain 24h

$0.04
-0.00
-6.31%
ADVERTISEMENT

DeFi’s Primitive Finance Protocol Self Hacked To Prevent Exploit

Stefan by Stefan
22/02/2021
in Altcoin News
2 min read
0
defi's primitive finance, hack, exploit, contract
154
SHARES
1.9k
VIEWS
Share on FacebookTwitterWhatsappGmail
ADVERTISEMENT
ADVERTISEMENT

DeFi’s Primitive Finance Protocol has just hacked its own smart contracts as a drastic measure to protect the protocol from an exploit so let’s read more about today’s crypto news.

A few hours ago, a critical vulnerability was discovered in Primitive Finance’s smart contracts and the contract could not get upgraded or suspended so the team had to hack the protocol themselves to protect the users’ funds. it stated that most of the funds were secured through users need to take action as some could be at risk:

 “Although we have recused 98% of the funds, TOKENS IN WALLET which have approved the vulnerable contract are STILL AT RISK.

🚨 EMERGENCY ALERT🚨 @PrimitiveFi has whitehacked our contracts to safeguard user funds after a critical vulnerability was discovered.
Further user action is required to safeguard funds 👇
– Go to https://t.co/RC59l95Fui
– Reset all vulnerable approvals

— Primitive (@PrimitiveFi) February 22, 2021”

The blog post outlined that the vulnerability is related to “infinite approvals” that were made on the protocol’s smart contracts and added that manually resetting these approvals back to zero will protect all the assets and those who have used this contract to approve the token spending but some funds could still be at risk. At the time of writing, the vulnerability wasn’t exploited by malicious actors, and the funds were not stolen because of the fast reaction of the protocol’s team.

hackers use blockfolio, ftx, messages

ADVERTISEMENT

DeFi’s Primitive Finance is a permissionless options protocol that is built on Ethereum so liquidity providers can earn a yield on DAI, ETH, or DeFi tokens by providing collateral to options markets. The yield is earned through the trading fees that are generated on SushiSwap’s automated market maker:

 “The protocol is used to create smart contracts with an immutable set of parameters that define the rules of the option. Any two ERC-20 tokens can be chosen to be the underlying (the asset being purchased) or the quote (the token used to pay the strike price).”

Uniswap And Compound Slip , defi, coins,

The protocol launched to the mainnet back in 2020 and was audited by Open Zepplin in August of the same year but the code vulnerabilities seem to have slipped through the net. The total value locked across DeFi sectors returned to its all-time high of $50 billion as per DappRadar while MakerDAO is the leading protocol with a $6.7 billion followed by Aave with $5.5 billion in collateral lock up.

DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]

Tags: defi's primitive financeexploitfinancehackedprevent exploitprimitive finance protocolself hacked
Share62Tweet39SendShare15
ADVERTISEMENT
Stefan

Stefan

Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.

Related Posts

Chinese Private Banks, digital yuan, webank, crypto
Altcoin News

Chinese Private Banks Will Help With The Digital Yuan Rollout

28/02/2021
inverse finance, dola, anchor, lending
Altcoin News

Inverse Finance Launches Stablecoin Lending Protocol: Report

28/02/2021
crypto will change, cuban, defi, nft
Altcoin News

Crypto Will Change How Businesses Work: Mark Cuban

28/02/2021
mask network, airdrop, token, yap
Altcoin News

Mask Network Will Airdrop $30 Million Worth Of Tokens: Report

27/02/2021
OKEx Utility Token, okb, high, price, level
Altcoin News

OKEx Utility Token Surges To New ATH As Crypto Trends Continue

27/02/2021
Alpha Finance Lab, comp, bsc, binance, alpha
Altcoin News

Alpha Finance Lab Surges After New BSC And Compound Integration

27/02/2021

Discussion about this post

ADVERTISEMENT

  • Trending
  • Comments
  • Latest

VeChain Price Could Hit $9 In The Near Future: Analysis

09/02/2020
will tron reach

Will Tron Reach $1 In The Long Run: TRX Coin Price Prediction

29/04/2020

Will Cardano Reach $1,000 By 2025: Expert Review

11/05/2018
digital euro project

Digital Euro Project Favors IOTA Network More Than ETH Or XRP

21/06/2020

What Is Altcoin?

0
what is ethereum|What Is Etherum?

What Is Etherum?

0
What Is Cryptocurrency?

What Is Cryptocurrency?

0
thanksgiving weekend, bitcoin, btc, price

What Is Bitcoin?

0
Chinese Private Banks, digital yuan, webank, crypto

Chinese Private Banks Will Help With The Digital Yuan Rollout

28/02/2021
coinbase stocks, shares, exchange, CBSE

Coinbase Stocks Rise Continuously Ahead Of Public Listing

28/02/2021
Etsy CEO, silverman, btc, bitcoin

Etsy CEO Says BTC Is Not Ready To Be Used As Means Of Payment

28/02/2021
ethereum proponent, cardano, ada,market cap, sassano

Ethereum Proponent Claims Cardano’s Huge Market Cap Isn’t Justified

28/02/2021
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Facebook Twitter Google+ Instagram Youtube
Cryptocurrency News | Bitcoin News | Cryptonews | DC Forecasts.com

DC Forecasts provides a comprehensive source of the latest news about cryptocurrency news daily. Read more on our about us page for details.

News By Topic

Quick Search

No Result
View All Result

DC Forecasts Services

  • About
  • Advertise
  • Submit Press Release
  • Press & Media
  • Events
  • Careers
  • Partners
  • Free Widgets
  • Contact Us

© 2020 DC Forecasts - All Rights Reserved | Terms & Conditions | Privacy Policy | Cookies | Comments Policy | Sitemap | Newsletters | AdChoices

No Result
View All Result
  • News
    • Bitcoin News
      • Bitcoin News
      • Bitcoin Cash News
      • Bitcoin SV News
      • Bitcoin Scams
    • Altcoin News
      • Ethereum News
      • Litecoin News
      • Ripple News
      • Libra News
      • Binance News
      • Cardano News
      • Huobi News
      • Binance Coin News
      • Coinbase News
      • ChainLink News
      • IOTA News
      • Monero News
      • Ethereum Classic News
      • Dash News
      • Stellar News
      • Tether News
      • Tezos News
      • Tron News
      • Vechain News
      • Dogecoin News
      • Cosmos News
      • EOS News
      • NEM News
      • NEO News
      • Nexo News
      • Zcash News
      • UNUS News
      • USD Coin News
      • MECX Token News
      • Coronavirus News
    • Exchange News
    • Analysis
    • Blockchain News
    • Regulation
    • Press Releases
    • DC Forecasts
      • DC Forecasts Announcements
      • About
      • Daily News Video
      • EDUCATION & RESOURCES
      • Blockchain Archive
  • Education
    • Coronavirus Statistics
    • Cryptocurrency Education
      • 0x
      • Augur
      • Aurora
      • Basic Attention Token
      • Binance Coin
      • Bitcoin BTC
      • Bitcoin Cash
      • BITCOIN DIAMOND
      • Bitcoin Gold
      • Bitcoin SV
      • BitTorrent
      • Cardano
      • Chainlink
      • Cosmos
      • Crypto.com Chain
      • DASH
      • Decred
      • Dogecoin
      • Egretia
      • Energi
      • EOS
      • Ethereum
      • Ethereum Classic
      • Holo
      • Huobi Token
      • Litecoin
      • IOTA
      • Ripple
      • Stellar
      • Tether
      • Zcash
  • Markets
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Libra Price
      • Binance Price
      • Bitcoin Cash Price
      • Bitcoin SV Price
      • Cardano Price
      • IOTA Price
      • Crypto.com Chain Price
      • Dash Price
      • Dogecoin Price
      • EOS Price
      • Ethereum Classic Price
      • NEO Price
      • Vechain Price
      • Litecoin Price
      • Huobi Price
      • Maker Price
      • Chainlink Price
      • Monero Price
      • Cosmos Price
      • NEM Price
      • Ontology Price
      • Ripple Price
      • Stellar Price
      • Tether Price
      • Tezos Price
      • Tron Price
      • UNUS SED LEO Price
      • USD Coin Price
      • Zcash Price
    • Cryptocurrency Calculator
      • Bitcoin Calculator
      • Ethereum Calculator
      • Litecoin Calculator
      • Ripple Calculator
      • Dash Calculator
      • Dogecoin Calculator
      • Stellar Calculator
      • Monero Calculator
      • Binance Calculator
      • Cardano Calculator
      • Huobi Calculator
      • Binance Coin Calculator
      • Chainlink Calculator
      • IOTA Calculator
      • Ethereum Classic Calculator
      • Tether Calculator
      • Tezos Calculator
      • Tron Calculator
      • Vechain Calculator
      • Cosmos Calculator
      • EOS Calculator
      • NEM Calculator
      • NEO Calculator
      • Nexo Calculator
      • Zcash Calculator
      • USD Coin Calculator
      • UNUS SED LEO Calculator
    • Reviews
    • Cryptocurrency Exchanges
      • United Kingdom
      • USA
      • Canada
      • South Korea
      • Israel
      • Singapore
      • Australia
      • Mexico
      • South Africa
      • Japan
      • India
  • Directory
    • Bitcoin Businesses
    • Bitcoin Broker
    • Bitcoin Casinos
  • Events
    • Blockchain Events News
  • More
    • Newsletter
      • Press Release
      • Blockchain
      • Cryptocurrency Exchange
      • Bitcoin
      • Bitcoin Scams
      • Bitcoin SV
      • Ethereum
      • Ethereum Classic
      • Litecoin
      • Libra
      • Ripple
      • Coinbase
      • Huobi
      • IOTA
      • Monero
      • MECX Token
      • Cardano
      • NEO
      • NEM
      • ChainLink
      • Tether
      • Stellar
      • Cosmos
      • Tron
      • Dogecoin
      • UNUS
      • Tezos
      • EOS
      • Dash
      • USD Coin
      • Nexo
      • Vechain
      • DC Forecasts
    • Mining Calculator
      • Bitcoin Mining Calculator
    • Widgets
      • RSS
      • Generator
    • Press Release
      • Bitcoin Press Release

© 2020 DC Forecasts - All Rights Reserved | Terms & Conditions | Privacy Policy | Cookies | Comments Policy | Sitemap | Newsletters | AdChoices