Curve emergency DAO terminates rewards for hack-related pools
The Curve emergency DAO removed CRV rewards for alETH, msETH, pETH, crvCRVETH, Arbitrum Tricrypto, and multiBTC pools.
Auto Added by WPeMatico
The Curve emergency DAO removed CRV rewards for alETH, msETH, pETH, crvCRVETH, Arbitrum Tricrypto, and multiBTC pools.
Some analysts have provided possible ways the exchange was exploited and pinned potential initial losses at over $600,000.
While Ethereum-based protocols have been hit with the majority of the exploit activity, BNB Smart Chain has also seen similar "copycat" exploits, according to BlockSec.
The $29 million TVL lending platform is shutting down because its oracles are misreporting Multichain token values after the exploit.
Chainalysis told Cointelegraph that it was “describing it as a possible rug pull” based on an analysis of Multichain’s spurious transactions and internal problems.
Some Multichain contracts on Ethereum suffered withdrawals of more than half of their deposits, causing on-chain sleuths to fear an exploit is underway.
The exploiter used a “panic” function buried within eight different smart contracts to remove $1 million worth of users’ funds without their permission.
The Poly Network has been exploited again, this time due to compromised private keys according to blockchain security firm Dedaub.
The statement is the first major update from the wallet provider since the exploit in early June, but users are still in the dark about the actual cause.
Over $45 million was lost to exit scams in May while exploits on DeFi protocols racked up less than half that amount over the same period.