tl;dr
Decentralized exchange (DEX) Clipper experienced a security incident, resulting in a $450,000 loss, approximately 6% of its total value locked (TVL). The exploit targeted liquidity pools on Optimism and Base but was mitigated, with all swaps and deposits paused temporarily. Withdrawals remain functi...
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Decentralized exchange (DEX) Clipper experienced a security incident, resulting in a $450,000 loss, approximately 6% of its total value locked (TVL). The exploit targeted liquidity pools on Optimism and Base but was mitigated, with all swaps and deposits paused temporarily. Withdrawals remain functional, albeit with certain limitations. The incident is under investigation, with enhanced safeguards being implemented.
In the broader context, a report by Immunefi revealed that hacks accounted for 99.96% of crypto losses in November 2024, predominantly impacting the decentralized finance (DeFi) sector.
According to Immunefi’s November 2024 report, hacks were responsible for an astounding 99.96% of all crypto losses that month. Meanwhile, fraud and rug pulls significantly declined, accounting for just $25,300 across two incidents. The decentralized finance (DeFi) sector bore the brunt, suffering $71 million in losses – marking the second-lowest monthly total of the year and a sharp drop from $343 million in November 2023.
Chayanika Deka, a financial journalist with a focus on technological evolution in the crypto realm, has provided editorials on various topics including NFTs, the Open Network (TON), DeFi trends in 2024, and the comparison between Ethereum and Solana.