PeckShield recently warned users of the potential risks of staking APE tokens in Non-Fungible Token (NFT) pools. According to their report, an exploit occurred when an investor purchased a Bored Ape Yacht Club (BAYC) NFT and received all the staked APE associated with that NFT. This emphasizes the importance of thoroughly researching the investment mechanisms of NFT Pools and the potential losses associated with staking schemes. The incident should also be viewed alongside another recent security alert provided by PeckShield when they reported a bug in the SushiSwap RouterProcessor2 contract. Over 1,800 Ethereum tokens worth over $3.3 million had been lost and SushiSwap team took immediate measures to work with the security specialists to minimize the intrusion. Thankfully, a smart contract audit company managed to save 100 ETH, equivalent to over $180,000 and urged the impacted SushiSwap contracts for compensation.

Investors are urged to thoroughly research the investment schemes of all NFT Pools and to be cautious of the potential losses associated with staking schemes. It is also important to acknowledge that cryptocurrencies often come along with certain risks, therefore, users of decentralized finance protocols must remain cautious to minimize potential losses. The security alerts from PeckShield should act as an important reminder of the vulnerability of such protocols. As the use of decentralized finance protocols continues, users must remain conscious and aware of all warnings provided in order to protect their investments, and that is only possible by taking preventative measures.



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