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The recent attack on Curve Finance on July 30-31 has raised another significant concern for the DeFi sector: the potential liquidation of $167 million in CRV collateral by Curve's founder, Michael Egorov, on Aave, Fraxlend, and Abracadabra. If this occurs, it could trigger a widespread domino effect with
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The BALD rug pull seemed to mark the end of the memecoin's saga on the Base layer-2 platform. However, on the morning of August 01, the crypto community on Twitter was abuzz with allegations, based on both linguistic and on-chain evidence, that former FTX CEO Sam Bankman-Fried might
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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
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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
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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
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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
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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/
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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
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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)
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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
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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
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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