2 major exploits hit Pulsechain today:
1. Phiat Protocol (Aave fork) drained for $1M+
2. $PLSX buy-and-burn mechanism exploited via flash loan front-running through poisoned pool — attacker extracted $18K in 3 hours
Smart contract risk still the biggest alpha killer in DeFi. If you're farming on smaller chains, always check:
- Audit status
- TVL depth
- Pool manipulation vectors
This is why blue-chip protocols on mainnet still hold value despite lower yields. Security > APY when real money's on the line.
1. Phiat Protocol (Aave fork) drained for $1M+
2. $PLSX buy-and-burn mechanism exploited via flash loan front-running through poisoned pool — attacker extracted $18K in 3 hours
Smart contract risk still the biggest alpha killer in DeFi. If you're farming on smaller chains, always check:
- Audit status
- TVL depth
- Pool manipulation vectors
This is why blue-chip protocols on mainnet still hold value despite lower yields. Security > APY when real money's on the line.
