Attacks on the Value Defi Project costing millions

Since DeFi's approach, the pace of abuse, misinformation, and robbery has not abated in this emerging field.

Two hours before that, the "Value DeFi" decentralized finance project, which deals with Blockchain Finance (BSC), was subjected to a $ 11 million assault.

Programmers misuse the escape clause in the base code convention.

Project Worth lost a total of $ 17 million from two separate episodes:

Mr Igamberdiev noted on Twitter that nine liquidity pools from the "Value DeFi" project were attacked today, May 8, 2021.

Back at the end of the week with DeFi abusing BSC, this time AMM called vSwap from value_defi in a tough spot.

About $ 11 million was taken today from non-50/50 pools, although $ 6 million was lost this week due to reformatting of the agreement.

Programmers have acquired the assets in the form of nine various digital forms of money, including 15,000 BNBs and 68,300 BUSD.

All assets traded instantly against a few advanced Ethereum-based monetary forms.

Mr. Igambardiev realized the source of the fatal error in the information base, which prevents the continuation of commercial activity in the right way under certain circumstances, as the "main driver" of this attack.

Therefore, puddles of fluid flow due to an imbalance between the first and second resource measurements in the pool groups.

Misuse of decentralized financing projects:

Three days ago, the "Value DeFi" project lost $ 6 million in an earlier attack.

The Thugs reconstituted the pool of sharing abundance and took full responsibility for its assets.

From that point onwards, they sold all LP coins taken for 8,790.77 BNB on a 1-inch stage.

The "Value DeFi" project group created a pay program, but many clients saw that the woman who was promised the wage was not in the work group and found that this woman was indeed a Chinese freelance artist.

According to her Fiverr profile, this lady provides the ability to expertly view messages in both English and Chinese for $ 50 to $ 60.

Her name is "Chan" and she currently lives in Croatia.

Consequently, the status of the "Value Defi" project has been damaged by repeated attacks, and the mission in general can be a plague and a perversion, especially with the development of persistent signs.

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