Decentralized finance (DeFi) lending protocol Cream Finance suffered an exploit Monday when a hacker utilized a weakness in the $AMP token contract to level a flash loan attack — resulting in $18.8 million stolen. The protocol notified the community this morning that 418,311,571 in AMP and 1,308.09 ETH were lost in the attack. For the …
Cream Finance exploited in $18.8 million flash loan attack Read More »
The latest flash loan attack in the decentralized finance world has caused a total loss of $6 million. Source link
Fintech companies PayPal and Intuit were approved by the Small Business Administration (SBA) to distribute funds as part of the U.S. agency’s emergency lending program, enacted amid the ongoing coronavirus pandemic. PayPal and Intuit released statements on April 10, declaring their participation after the SBA’s approval, according to coverage by CNBC. The SBA plans administer …
Feds add fintechs PayPal, Intuit to emergency coronavirus loan program Read More »