Aug 2020 - Definition Network Loophole - $Unknown (Global)
"DeFinition.network claim[ed] to be a resilient supply token on TRON blockchain. DZI aims to become the value discovery currency for TRON’s DeFi ecological construction, participate in various DeFi products with its own elastic supply adjustment mechanism."
"The DZI officially supported by TRON broke a loophole, and engineers directly called the contract to obtain DZI after it was officially launched, and suffered heavy losses."
Further Analysis
There did not appear to be any activity in the Telegram group, no website, and the Twitter account was deleted. Whatever original exploit, it appears that the project as a whole disappeared sometime after September 2020.
How Could This Have Been Prevented?
More Cryptocurrency Exchange Hacks/Scams/Frauds
MyMonero Fake Google Play Wallet > > < < YAM Finance Incident
Sources/Further Reading
Chengdu Lianan: In August, there were 5 security incidents in the DeFi field, and a total of 39 incidents in the blockchain field • Blockcast.cc- News on Blockchain, DLT, Cryptocurrency (Jun 13)
Cryptocurrency Alerting - An App for Bitcoin & Crypto Alerts (Jul 11)
DeFinition Network price, DZI chart, market cap, and info | CoinGecko (Jul 11)
DeFinition price today, DZI live marketcap, chart, and info | CoinMarketCap (Jul 11)
TRONSCAN | TRON BlockChain Explorer | 波场区块链浏览器 (Jul 11)
DeFinition (DZI) - Price, Chart, Info | CryptoSlate (Jul 11)
Telegram: Contact @Definitionnetwork (Jul 11)
DZI will fully empower TRON's DeFi ecosystem and become the next JST!! : defi (Jul 11)
TRONSCAN | TRON BlockChain Explorer | 波场区块链浏览器 (Jul 11)
@CryptoDiffer Twitter (Jul 11)
@dynasty_cs Twitter (Jul 11)
@DeFi_Gamer Twitter (Jul 11)
@tronfarms_org Twitter (Jul 11)
@RealHappyBlock Twitter (Jul 11)
@sona_lee Twitter (Jul 11)
@Dilshan26984958 Twitter (Jul 11)
@CryptoDiffer Twitter (Jul 24)
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