DeFi
Following a series of dramas since the evening of July 30, the race to liquidate the loan position of Curve Finance founder Michael Egorov on Fraxlend has seen new developments. The Incident Background The issue began on July 30 when a security vulnerability in the Vyper language led to attacks
DeFi
An on-chain detective on Twitter has traced wallets involved in the transfer of hundreds of millions of dollars in crypto assets from Multichain, linking them to the $40 million bribe Sam Bankman-Fried allegedly paid to the Chinese government. Summary of the Multichain Incident On May 21, 2023, Multichain CEO Zhaojun
Big Cap
July 30, 2023 marks 8 years of maturity and development since the Ethereum Foundation announced the launch of its network. Reflecting on Ethereum's Proud 8-Year Development Journey The genesis block of Ethereum was activated on July 30, 2015. Former CCO of the Ethereum Foundation, Stephen Taul, posted an
Big Cap
In August 2023, there are 25 projects scheduled to unlock tokens, totaling over $403 million USD in value. Noteworthy Token Unlock Events in August 2023 According to Token Unlocks, the cryptocurrency industry in August is set to experience token unlocks worth more than $403 million USD. Among these, The Sandbox
Big Cap
Tether's latest asset verification report reveals the company has added an additional $850 million to its reserve fund, increasing it to $3.3 billion. Tether Profits Over $1 Billion in Q2/2023 Thanks to US Treasury Investments. Photo: Bloomberg According to the latest asset verification report for Q2/
Big Cap
A new decision aims to streamline value transfer between Celo and Ethereum, while enhancing network security. Celo Proposes Transition to Ethereum's Layer-2 Solution As reported by Coin68, CLabs, the blockchain development team behind Celo, has proposed transitioning Celo from an independent layer-1 blockchain to a scalable Ethereum layer-2
DeFi
After the incidents with Conic Finance and JPEG'd, several projects related to Curve Finance's liquidity pools are also under attack. Series of Attacks on Curve's Liquidity Pools The issue didn't just start this week; it dates back to last week (21/07)
DeFi
The attack on Curve Finance on the evening of July 30 continues to have severe repercussions for the project and the DeFi sector. Update on Curve Attack on the Morning of July 31 Cause of the Attack: Continuous Exploitation of Curve Finance Liquidity Pools In the early morning of July
DeFi
Curve Finance is grappling with nearly $52 million in damages from a reentrancy vulnerability, prompting Upbit to suspend deposits and withdrawals of the DeFi platform’s CRV token. CRV Token Experiences "Fake Pump" Due to Curve Finance Attack Upbit Suspends CRV Transactions According to Wu Blockchain, Upbit, the
DeFi
The aftermath of the Curve Finance attack continues, but another aspect of the event has led to record profits for MEV (Miner-Extractable Value) operators. Record-Breaking MEV Profits Amid Curve Finance Attack The most notable news today is the repeated attacks on liquidity pools on Curve Finance, which have impacted many
DeFi
Decentralized exchange (DEX) PancakeSwap has announced it will share trading fee revenue with users holding CAKE tokens. PancakeSwap to Share Trading Fee Revenue - CAKE Surges According to the official announcement, participants staking CAKE tokens will receive a portion of the trading fee revenue from PancakeSwap starting August 09. 🥞Introducing
NFT & GameFi
the security firm Peckshield reported that JPEG’d, an NFT lending project, suffered a significant hack resulting in losses of 6,106 WETH, valued at over $11 million. Initial analyses suggested the attack was executed via a read-only reentrancy vulnerability. This method involves repeatedly executing withdrawal commands before the oracle
