MonoX assess $31 million damage after breach

https://www.hackread.com/hackers-steal-badger-defi-monox/

Exploit: Hacking

MonoX: Cryptocurrency Finance

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Risk to Business: 1.318 = Extreme The MonoX DEX platform has experienced a breach that did damage to the tune of $31 million. The breach took place after hackers exploited a vulnerability in smart contract software, then exploited the vulnerability to increase the price of MONO through smart contracts and bought assets with MONO tokens. DeFi platform Badger was also reportedly hit by hackers for $120 million last week after they gained access by targeting a protocol on the Ethereum network.

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Individual Risk: No consumer PII or financial data loss was disclosed in this breach as of press time.

Customers Impacted: Unknown
How It Could Affect Your Customers’ Business :In an ultra-competitive sector like crypto, customers will be watching every move a company makes, especially if it could potentially cost them money.

Risk Levels:
1 - 1.5 = Extreme Risk
1.51 - 2.49 = Severe Risk
2.5 - 3 = Moderate Risk

*The risk score is calculated using a formula that considers a wide range of factors related to the assessed breach.


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