June 25, 2024

Hackers hacked Popsicle Finance's DeFi protocol and stole $ 25 million

Due to the hack, the internal token of the ICE protocol fell in price by 56%.

Hackers managed to hack the Popsicle DeFi protocolFinance and withdraw about $ 25 million from it.This was announced on Twitter by one of the developers of the SushiSwap decentralized cryptoexchange, Mudit Gupta. Due to the hack, the internal token of the ICE protocol fell in price by 56%. At 14:40 Moscow time on August 4, its value partially recovered, and now the token is trading at $ 1.53 (a decrease of 32% per day).

Popsicle Finance is a multi-chain profitability optimization platform for liquidity providers.

On July 4, Bitcoin SV underwent a 51% attack inas a result of which unknown persons gained control over the network. As a result of the attack, about 100 blocks and 570 thousand transactions were compromised. The Bitcoin SV network split into three chains, and its hash rate dropped to 336 P / s. This is the fifth such attack on cryptocurrency since the end of June.

</p></p>