As we all know that the EasyFi Token has been Hacked, we Today will have a detailed Analysis of all the things in EasyFi Network
Condition of EasyFi Network
The platform has released a postmortem detailing the incursion.The latest decentralized finance (DeFi) protocol to suffer at the hands of hackers is EasyFi.
In an April 20 blog post, founder and CEO of the EasyFi DeFi protocol, Ankitt Gaur, detailed an attack that resulted in the loss of as much as $6 million from its liquidity pool
The incursion, which happened on April 19, was a targeted attack compromising the admin and mnemonic keys. This allowed the hacker to access funds and make off with almost 3 million EASY token
Targeted DeFi hack
Gaur stated that he was first alerted to large transactions from protocol wallets. The hacker accessed existing liquidity in protocol pools in USD, DAI, and USDT in order to transfer 2.98 million EASY tokens to their wallet address.
Though the Network had been Hacked we can find another way to cope up with it. Here we can follow Arbitrage Trading through which we can buy the coin from HitBTC Exchange and seel it in Hotbit Exchange .
Price available in HitBTC is 1$
Price available in Hotbit is 2.20$
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