Polter hit by flash loan attack, man gets 24 years for scam: Crypto-Sec
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Nov 18 2024Polter Finance Flash Loan Attack: Polter Finance lost over $7 million in a flash loan attack where the attacker manipulated the price of the BOO token, draining liquidity pools and profiting significantly. The incident highlights risks associated with low liquidity tokens in decentralized finance (DeFi).
CoinPoker Hack and Bank Fraud Case: CoinPoker suffered a private key hack, leading to stolen funds being laundered through Tornado Cash, while a man was sentenced to 24 years for embezzling over $47 million from Heartland Tri-State Bank to invest in a fraudulent crypto scheme that ultimately caused the bank's collapse.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
