The exploit involved the attacker creating a fake tick account on Crema. A tick account is “a dedicated account that stores price tick data in CLMM,” the developers said, referring to Crema’s market-making protocol. After that, the attacker exploited a command by writing the data on the fake account and circumventing security measures.
Related posts
-
DIGITAL NEWS PLATFORM MONIIFY TO DELIVER BUSINESS AND FINANCE CONTENT FOR MILLENNIALS AND GEN-Z IN EMERGING MARKETS
Founded by serial entrepreneur Naguib Sawiris, MONIIFY aims to empower the next generation of entrepreneurs and... -
Paxos to Acquire Membrane Finance in Strategic Move to Make USD-Backed Stablecoins MiCA Compliant
This strategic move is aimed at accelerating Paxos’ commitment... -
Stablecoin Issuer Paxos to Acquire Finnish Company Membrane Finance to Access European Union
“Upon completion of the acquisition, Paxos will be a fully licensed EMI in Finland and the...