Outdated algorithm caused $650M excess losses on Hyperliquid, report
Gauntlet’s Tarun Chitra claims “greedy” ADL led to excess Hyperliquid losses, and describes a new “risk-aware pro-rata” ADL algorithm.
Jake Harrison
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Gala quietly changes bridge keys after users flag ‘unauthorized’ withdrawals
Withdrawals of 140M GALA tokens are missing corresponding deposits on GalaScan. The bridge was paused and admin keys rotated on November 10.
Aave snubs Sky’s USDS as collateral and 3 ‘underperforming’ chains
Aave is making moves to boost revenue and limit risks, offboarding Sky’s USDS and closing down v3 instances on three chains.
Yearn hacker loses $2.4M of $9M loot as tokens burned from wallet
The hacker behind Sunday evening’s $9M exploit of DeFi yield farm Yearn Finance lost $2.4M when 850 pxETH was burned from their wallet.
Upbit suffers ‘abnormal withdrawals’ of $30M on 6th anniversary of Lazarus hack
Upbit assets worth 44.5B Won were drained from its hot wallet on Solana. The exchange will cover all losses, made up of over 20 tokens.
DeFi yield aggregator Yearn discloses September incident in yUSND vault
A Yearn Finance contributor has reported losses due to “severe slippage” on one of the USND vault’s strategies.
MegaETH pre-deposit event derailed by congestion and multisig mayhem
The chaotic pre-deposit phase aimed to allow users to deposit USDC in return for USDm once MegaETH’s mainnet goes live next month.
DeFi gets leaner: Gnosis fires treasury manager with 88% backing
Proposal GIP-143 cites extensive community discussions about KPK’s performance, cost, risk exposure, and alignment with DAO objectives.
Users blast curators Re7 and Silo for handling of DeFi turmoil
The fallout from the collapse of Stream Finance has left users frustrated with the lack of progress from vault curators like Re7 Labs.
From sweet to sour: Core slaps Maple with injunction over ‘syrupBTC’
Core and Maple Finance are locked in a dispute over competing BTC yield products, with an injunction secured against the launch of syrupBTC.