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‘Bad actor’ Circle slammed for letting stolen $3M USDC sit unfrozen

Of a total of $17 million stolen from victim addresses, $3 million in USDC is yet to be frozen by issuer Circle.

Newsletter

Inside DeFi 001

Inside DeFi looks at the uptick in DeFi exploits, an all-time high for Ethereum transactions, and World Liberty Finance’s governance vote.

The root cause behind the hack remains unclear. Around $6M in ETH and $850K of YieldFi assets sit in the hacker’s ETH address.

A flash loan attack allowed a hacker to manipulate the DUSD pool on Curve Finance. Another, smaller hack hit SynapLogic four hours earlier.

An ongoing hacking spree targeting legacy DeFi projects has claimed a further $27M, with Truebit and Futureswap the latest victims.