Cyvers in the 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.

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‍“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

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

Curio Hit by $16 Million Exploit Due to Voting Power Vulnerability

‍Curio, a project focused on facilitating liquidity from real-world assets for firms, has fallen victim to a smart contract exploit related to a vulnerability in voting power privileges.

^{According to the Web3 security firm Cyvers, the hack most likely occurred due to a vulnerability in the permissioned access logic.} This vulnerability allowed the attacker to create an additional 1 billion CGT tokens, which in turn resulted in the hacker obtaining CGT tokens worth almost $16 million.