Scam Alert

Skyward Finance Was Attacked By Hackers Caused Damage Over $3 Million

A hacker stole $3 million from Skyward Finance, a Near Protocol launchpad initiative.

Skyward Finance recognized the hack, stating that the Skyward Treasury had been plundered using a contract exploit.

The vulnerability was carried out in only one transaction, according to security firm BlockSec. The hacker redeemed more than 1.1 million bundled NEAR tokens ($3 million) in a loop from Skyward’s treasury contract in this transaction.

Once again, hackers are targeting the crypto space. It can be seen that this is one of the cases targeted in recent times. Last October also saw many serious hacks, typically BNB Chain Bridge or Mango Market.

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Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.