Discord surrounds Aave proposal to suspend Curve founder loans
The proposal recommends imposing a limit on the use of CRV as collateral, preventing this wallet address from adding additional loans. Some participants argue that the proposition violates the principle of censorship-resistance or “neutrality” in decentralized finance, or DeFi, by preventing a particular account from accumulating additional debt. Some participants believe the account belongs to […]
Losses Exceed $35 Million Due to Atomic Wallet Hack
Reports indicate losses of tokens, erasure of transaction data, and destruction of entire crypto portfolios. Since June 2, at least $35 million in crypto assets have been plundered from Atomic Wallet users, according to an analysis by on-chain detective ZachXBT. The five most significant losses total seventeen million dollars. According to Atomic Wallet’s Twitter account, […]
FBI warns about cybercriminals using DeFi as a target
The enforcement agency (FBI) highlighted smart contracts managing DeFi systems as a specific source of worry. In light of the $1.6 billion in exploits planned for 2022 against decentralized finance (DeFi) networks, the US Federal Bureau of Investigation (FBI) has issued a new warning to investors in these platforms. In a public service notice posted […]
Hacker makes ineffective attempt to exploit bridge protocol
Within 31 seconds, the effort was thwarted, and the hacker forfeited their 5 ETH security deposit. The CEO of Aurora Labs, Alex Shevchenko, described a hacker who tried to use the Rainbow Bridge but lost 5 Ether (ETH), which is now worth around $8,000, in a Twitter thread. Meanwhile, not all hackers, can profit handsomely […]
Attackers Hijack Curve Finance DNS, Steal $570K
Decentralized crypto exchange Curve Finance discovered its DNS was being hijacked in another significant security breach in the cryptocurrency world. On the main page, the hackers were able to insert a fraudulent contract that, if accepted by the victim, would entirely empty the user’s wallets. The attackers took more than 570K from user wallets on […]