Venus Protocol hacker lost $4.7M after nine months of planning
The hacker who attacked DeFi lending platform Venus Protocol lost almost $5M on-chain, following nine months of preparation.
Results for DeFi
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Inside DeFi 008: A 99.93% loss, and are DAOs done?
Today, we look at a gung-ho swap which lost the user almost $50M, the move away from DAOs, and some short snippets from the security space.
Oracle error adds to turmoil at DeFi giant Aave
Chaos Labs’ Correlated Asset Price Oracle pushed a faulty update yesterday, causing a 2.85% drop in the price of wstETH collateral.
DeFi lending platform Compound Finance hijacked again
The Compound incident is the latest in a string of website hijackings that have also affected Maple Finance, OpenEden and Curvance.
Inside DeFi 007: 💭 Aave Labs in charge, ACI reaches breaking point
DeFi’s largest protocol, has finally voted on the long-awaited Aave Will Win proposal from Aave Labs. Guess who won.
— DeFi, MEV Capital
Four months on, MEV Capital falls victim to $4B DeFi daisy chain implosion
Almost four months have passed since the disassembly of a DeFi daisy chain, which saw the value of the "yield vault" sector drop by over $4B.
DeFi exploiter targets lending protocols with oracle tricks
Ploutos Money used the BTC/USD price for USDC, leading to $400K of ETH being lent against just $8 of collateral.
YieldBlox lending pool hit by $10M hack on Stellar
The attack on a lending pool belonging to YieldBlox pushed the price of USTRY to over $100 before using it to borrow XLM and USDC worth $10M.
Aave developer BDG Labs to ‘cease contribution’ after DAO drama
The latest in a string of Aave DAO disputes sees BGD Labs quit, citing Aave Labs’ behavior around v4 and centralization concerns.
DeFi, meet Claude: Moonwell’s ‘vibe-coded’ oracle in $1.8M blowup
Moonwell’s third oracle malfunction in six months saw the price of cbETH set at $1.12 instead of $2,200, leading to 1096 cbETH liquidated.