Cyvers in the News

Mohammad Shahidullah

crypto.news

Stablecoin protocol Prisma Finance hacked for over $11m

Security analysts at Cyvers first uncovered the attack and crypto.news reached out to the security firm for exclusive details of the incident.

“We have detected multiple attacks on Prisma Finance Trove Manager Contract. The attacker was funded by FixedFloat and 7 minutes later deployed a malicious contract that was detected by Cyvers as 2 min before the first exploit transaction. The exploit is ongoing, and we have already detected six exploit transactions with a total value lost of $9M. “

Deddy Lavid, CEO at Cyvers

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March 28, 2024

Zoltan Vardai

CoinTelegraph

Prisma Finance exploited in $10 million breach

Decentralized finance (DeFi) protocol Prisma Finance was exploited for around $10 million worth of cryptocurrencies on March 28.

On-chain security alert provider Cyvers were the first to detect the anomaly, according to a March 28 X post

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March 28, 2024

Soumen Datta

BSC News

FixedFloat Crypto Exchange Allegedly Exploited for $2.8M

The incident follows a previous security breach in February, suggesting vulnerabilities in access controls.

"The security breach at FixedFloat suggests an access control issue, similar to a previous hack on February 16,” Cyvers Alerts told BSCN. “In both incidents, unauthorized access to the hot wallet led to the withdrawal of significant funds ($2.8M and $26M, respectively).”

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April 2, 2024

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