Skyward Finance, a launchpad startup using Near Protocol, had $3 million stolen by an unidentified hacker in an unexpected breach. The Skyward Finance team recognized the scam and stated that a contractual vulnerability has been used to empty the Skyward Treasury. Skyward Finance is an initial DEX offering (IDO) system that empowers equitable token distribution for companies using the Near Protocol. Skyward Finance Breach Recognized by BlockSec BlockSec, a security company, claims that the vulnerability was used in only one transaction. The attacker retrieved over 1.1 million bundled Near tokens ($3 million) in a cycle from IDO’s treasury contract during this The post Skyward Finance Suffered $3 Million Breach on Near Protocol appeared first on Cryptoknowmics-Crypto News and Media Platform.
