Another Crypto Protocol, LiFi Protocol, Falls Victim To Hackers

Quick Summary:

A crypto protocol, LiFi Protocol, just lost millions of dollars in altcoins during a major security breach, as reported by Cyvers Alerts.

In recent news, LiFi Protocol, an API facilitating Ethereum virtual machine (EVM) and Solana (SOL) swaps, is currently facing a significant security breach, resulting in the loss of over $8 million in cryptocurrencies.

This year has been marked by increased hacker activity in the crypto space, with hundreds of millions being stolen in the past few months and this attack is just one of the many cases that have been haunting the market.

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Article Details

Author / Journalist: Sofiya

Category: Crypto

Markets: India

Topics: Latest News Crypto Protocol LiFi Protocol News Victim Falls Hackers

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-17 @ 08:23:51 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 119 words

Reading Time: 1 minutes read

Sentences: 11 lines

Sentence Length: 11 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 21662313

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

Update Frequency: 14 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 11 hours ago

Coverage Areas: India

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