Yield Protocol declares full recovery from Euler hack, awaits user token exchange
The permissionless, collateralized fixed-rate borrowing and lending market restored operations in May and will now switch out user tokens worth $1.5 million.
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The permissionless, collateralized fixed-rate borrowing and lending market restored operations in May and will now switch out user tokens worth $1.5 million.
The top 100 DeFi tokens had another bearish week, with the majority of tokens trading in the red.
According to Elliptic, a blockchain analysis company, an estimated 5,500 crypto wallets have been affected by the attack.
The lending platform responded by pausing all markets and assuring its community that no additional funds were at risk.
In the aftermath of the attack, Atomic Wallet — along with individual blockchain investigators — have amped up efforts to track and revert stolen funds.
Security teams are investigating the cause of the attack. Reports have surfaced of tokens being lost, transaction data being erased, and even entire crypto portfolios destroyed.
Several users on Twitter have reported losses of crypto assets, claiming funds held on the Atomic Wallet app vanished.
The attacker used the lack of slippage control over tokens to steal the funds.
A total of 517,000 token votes favored the proposal, with none opposing it.
The executive appears to have now recovered his account.