Over the past weekend, several cryptocurrency platforms were targeted by massive attacks resulting in the loss of millions of dollars. Hackers exploited a vulnerability in Vyper, one of the most widely used web3 programming languages for creating smart contracts.
The developers of Vyper issued warnings regarding the potential vulnerabilities in versions 0.2.15, 0.2.16, and 0.3.0. These vulnerabilities allowed hackers to manipulate smart contracts and transfer funds to unauthorized accounts.
Yesterday, decentralized finance (DeFi) platforms experienced significant security breaches. DeFi relies on decentralized systems, such as smart contracts, to provide financial services without the involvement of traditional institutions like banks or exchanges.