🚨 SlowMist Weekly Security Report (May 13 - May 19, 2024) 🚨

Total Losses: Over $28M 😱

Incident Overviews:
1. pump[.]fun: $1.9M lost via flash loan attack by former employee who exploited privileges. Funds were airdropped to random wallets. 🪂
2. TCH: $19K lost due to contract vulnerability on BNBChain. ⚠️
3. Fake Notcoin: $281K rug pull on $ETH, token price dropped by 100%. 💸
4. Sonne Finance: Over $20M lost in flash loan attack on Compound’s Optimism. 🌩️
5. BlockTower Capital: Hedge fund compromised, specifics under investigation. 🔍
6. ALEX Lab: $4.3M stolen in private key compromise. 🔑
7. Predy Finance: $464K lost in contract vulnerability on Arbitrum. 🛡️
8. Equalizer Exchange: Under investigation for potential attack, advised users to avoid frontend. 🔐
9. Patton: $266K exit scam on $ETH, token price dropped by 100%. 🚨

Security Tips:
-Regularly update and patch all systems and protocols to protect against known vulnerabilities.
-Engage with professional security firms for advanced threat detection and response services.
-Educate and train your team continuously on security best practices and emerging threats.

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!