{"id":1695,"date":"2024-05-01T00:19:48","date_gmt":"2024-05-01T00:19:48","guid":{"rendered":"https:\/\/cryptogoldex.com\/index.php\/2024\/05\/01\/pike-finance-loses-1-6m-due-to-usdc-vulnerability-in-circle-backed-protocol\/"},"modified":"2024-05-01T00:19:48","modified_gmt":"2024-05-01T00:19:48","slug":"pike-finance-loses-1-6m-due-to-usdc-vulnerability-in-circle-backed-protocol","status":"publish","type":"post","link":"https:\/\/cryptogoldex.com\/index.php\/2024\/05\/01\/pike-finance-loses-1-6m-due-to-usdc-vulnerability-in-circle-backed-protocol\/","title":{"rendered":"Pike Finance loses $1.6m due to &#8216;USDC vulnerability&#8217; in Circle-backed protocol."},"content":{"rendered":"<p>According to the Pike Finance team, the exploit is related to the &#8220;USDC vulnerability,&#8221; which previously cost the protocol $299,127 in stolen USDC across Ethereum, Arbitrum, and Optimism. Specifically, the team stated that Pike Finance lost the assets &#8220;due to weak security measures in functions managing USDC transfers&#8221; via the cross-chain transfer protocol. Pike Finance is a cross-chain liquidity provider.<\/p>\n<p>It offers users the option to supply and borrow native assets on various blockchain and sidechain networks.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to the Pike Finance team, the exploit is related to the &#8220;USDC vulnerability,&#8221; which previously cost the protocol $299,127 in stolen USDC across Ethereum, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1694,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[516],"tags":[],"class_list":["post-1695","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency-issue"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/posts\/1695","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/comments?post=1695"}],"version-history":[{"count":0,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/posts\/1695\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/media\/1694"}],"wp:attachment":[{"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/media?parent=1695"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/categories?post=1695"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/tags?post=1695"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}