Titano Finance platform lost $1,9 million in a hack
The representatives of the project gave the hackers 24 hours to return the funds
15.02.2022 - 10:35
176
1 min
0
What’s new? On Monday, February 14, a major hack of a decentralized finance platform called Titano Finance came to light. The attack resulted in about $1,9 million of user funds being withdrawn by unknown attackers.
#rugpulls PeckShield has detected @TitanoFinance is rugged: the owner sets the PrizeStrategy contract, which then drains about 4,828 BNB (~$1.9m)! The rugged funds were initially held in this wallet 0xad9217e427ed9df8a89e582601a8614fd4f74563 and then split into 24 addresses. pic.twitter.com/vrGbLLspGo— PeckShieldAlert (@PeckShieldAlert) February 14, 2022
What else is known about the hack? The problem was first reported by the specialists of the information security company PeckShield. And only a few hours later, the hack was confirmed by the platform’s representatives. They gave the hackers 24 hours to return the stolen funds and stated that they were monitoring all their actions.
The protocol of the PLAY service, which Titano Finance has implemented as a staking service and lottery between participants of this program, was compromised. The representatives of the project said that PLAY was suspended and gave guarantees that they would return all stolen funds to users.
Useful material?
Telegram 
Twitter Market
According to the politician, this will combat widespread corruption by ensuring transparency and accountability of budgetary funds
Nov 26, 2024
Market
Justin Sun invested $30 million in the project
Nov 26, 2024
Technologies
Network fees will be integrated into the cost of swaps
Nov 22, 2024
Market
The company’s unrealized profits from investing in its first cryptocurrency approached $14 billion
Nov 19, 2024
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Cryptocurrency rates
-
Bitcoin
$93 314
BTC
-2.3%
-
Ethereum
$3 320.1
ETH
-4.57%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.38
XRP
-5.89%
-
Dogecoin
$0.385436
DOGE
-4.22%
-
Cardano
$0.923301
ADA
-7.23%
-
Stellar XLM
$0.443165
XLM
-14.12%
-
Polkadot
$8.02
DOT
-5.66%
-
Bitcoin Cash
$492.45
BCH
-2.54%
-
Litecoin
$91.19
LTC
-4.17%