🚨 SlowMist Weekly Security Report
(June 10 - June 16, 2024) 🚨

Total Losses: Over $39M 😱

Incident Highlights:

1. Holograph: $14.4M lost due to an infinite mint vulnerability exploited by a former contractor. ⚠️
2. UwU Lend (June 10): $19.3M lost by manipulating the price oracle to arbitrage assets from the pool. 🛡️
3. UwU Lend (June 13): $3.72M lost in a second attack leveraging USDE tokens from the initial attack. 🔍
4. YOLO Games: $1.5M stolen from the liquidity pool due to lack of permission checks in the "exitPool" function. The attacker has returned 90% of the stolen assets. 🛡️
5. AutoChain Global: $113K lost on BNBChain due to a contract vulnerability. ⚠️
6. JokInTheBoxETH: $34K lost from a poorly implemented unstake function in the staking contract. 🛡️
7. nftperp: A critical bug was found in the clearingHouse contract. All funds lost were successfully recovered. 🔍

Security Tips:

- Smart Contract Audits: Ensure all smart contracts are thoroughly audited by reputable security firms before deployment.
- Timely Patch Management: Regularly update and patch systems to fix vulnerabilities as soon as they are discovered.
- Role-Based Access Control (RBAC): Implement RBAC to limit access to systems and data based on user roles.
- Incident Response Plan: Develop and regularly update an incident response plan to quickly address and mitigate breaches.
- Code Review Practices: Establish rigorous code review practices to detect and correct security issues during the development process.

Please note that the list above contains all the reported events; there could have been others that weren't reported. For additional information, check out https://t.co/e90CSvSOh3

As always, stay vigilant!