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In the event of unforeseen market conditions, Mango's security council can put the protocol into "post-only mode" to limit deposits, buys, borrows and position increases. The decentralized autonomous organization (DAO) can then vote on whether to halt trades, force settlement or updating risk parameters. Original Source
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Decentralized exchange (DEX) protocol CoW Swap recently suffered an attack, losing at least 550 BNB (BNB) in a contract exploit that approved fund transfers from the protocol.Blockchain surveyor MevRefund flagged the event and detected that the funds seemed to be moving away from CoW Swap. The MEV searcher warned the
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Benjamin Bathgate, partner at Canadian-based law firm McMillan LLP, says the lawsuit against Avraham Eisenberg, the alleged Mango Markets exploiter, could impact how DAOs implement their legal and governing structures in the future. Original Source
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Orion was the victim of a reentrancy attack (in which an attacker repeatedly withdraws funds from a smart contract), PeckShield said in a Twitter message. Gal Sagie, CEO of cybersecurity company Hypernative, said the attacker deployed a fake token called ATK which was used to manipulate the orion pools. It
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According to blockchain security firm CertiK, the damage caused to decentralized protocol BonqDAO on Feb. 1 may have been much less than initially thought. As told by CertiK, the attacker first borrowed 100 million BEUR, a euro stablecoin, with less than $1,000 in collateral due to a lack of controls on
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AllianceBlock has paused all activity on its bridge following the attack, which occurred Wednesday afternoon. During the exploit, a Polygon wallet accessed 112 million ALBT tokens, bridging them from the Polygon blockchain to the Ethereum blockchain. The hacker also got 500,000 USDC from dumping Bonq Euro (BEUR) tokens. Source
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Aside from the bullish crypto market rally in January, there’s been more positive industry news as the month saw a decline in losses from exploits compared to the same time last year.According to data from blockchain security firm PeckShield on Jan. 31, there were $8.8 million in losses from crypto
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The maneuver comes ahead of the activation of a major tech upgrade of the protocol called Aave v3. Source
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A group calling itself “Victims of Ankr Exploit” have claimed that its members lost over 13,000 BNB liquid staking coins (over $4 million worth at the time of writing) as a result of the Dec. 2 Ankr exploit, but have not been adequately reimbursed by the Ankr company. According to
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