Gondi Disables Smart Contract Bug After $230K Exploit
6 Articles
6 Articles
NFT Lending Protocol Gondi Suffers $230K Exploit, Platform Operations Continue
The NFT lending ecosystem faced another security challenge yesterday as Gondi, a prominent decentralized lending protocol, disclosed a smart contract exploit that resulted in approximately $230,000 in losses. The incident specifically targeted the platform’s Sell & Repay function, marking another vulnerability in the rapidly evolving NFT finance infrastructure. The exploit demonstrates the ongoing security risks inherent in decentralized finance…
The NFT loan platform, Gondi, managed to contain an exploit that allowed an attacker to subtract dozens of non-expendable tokens, with losses estimated at approximately $230,000. *** An error in the Sell & Repay contract allowed to drain around 78 NFTs. Stolen assets include Art Blocks, Doodles and Beeple works. The team works to compensate the affected users after containing the attack. The NFT liquidity and loan platform, Gondi, confirmed that…
Gondi NFT Lending Protocol Exploit Drains $230K In Digital Collectibles
NoSmokeSport - Sports News & Latest Trending World News NoSmokeSport - Sports News & Latest Trending World News - Better Sport News A smart contract flaw in the NFT lending platform Gondi enabled attackers to siphon off dozens of digital collectibles valued at roughly $230,000, prompting the protocol to launch restitution efforts for affected users while deploying fixes to its lending infrastructure. The exploit targeted a component of Gondi’s N…
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