What's Hot

    Chinese tax authorities step up pressure on private crypto investors

    26.01.2023

    Tether will look for crypto transactions that pay for child pornography

    26.01.2023

    On-chain activity in the Optimism network collapsed after the end of the NFT bonus program

    26.01.2023
    Facebook Twitter Instagram
    Friday, January 27
    Facebook Twitter Instagram
    Crypto News
    • Home
    • Bitcoin
    • Ethereum
      • Altcoins
      • ICO
    • Analytics
    • Blockchain
    • Other
      • DeFi
      • Mining
      • Regulators
      • Security
    Crypto News
    Home»Bitcoin»a bug was found in the Solana library, and MonoX and BadgerDAO were hacked
    ef69ac60e3c55fe0919899e9e4a4ab55cc466b97
    Bitcoin

    a bug was found in the Solana library, and MonoX and BadgerDAO were hacked

    AdministratorBy Administrator11.12.2021No Comments6 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email



    The Decentralized Finance (DeFi) sector continues to attract increased attention from cryptocurrency investors. ForkLog collected the most important events and news of the last weeks in a digest.

    Main indicators of the DeFi segment

    Against the background of the market correction, the volume of blocked funds (TVL) in DeFi-protocols decreased to $ 246.82 billion.The Curve Finance protocol still holds the leadership – its indicator increased to $ 21.26 billion. MakerDAO ($ 18.16 billion) took the second line of the rating Convex Finance ($ 15.85 billion) – third.

    a bug was found in the Solana library and MonoX

    Data: DeFi Llama.

    Defi Llama includes a group of tokenized bitcoins in the total. WBTC with an indicator of $ 12.46 billion took the fifth line of the rating. hBTC ranked 20th with $ 1.94 billion. The aggregate value of “bitcoins for ether” was $ 15.78 billion.

    TVL in Ethereum applications increased to $ 163.08 billion. Over the past 30 days, the indicator has decreased by 11% (on November 11, the value was $ 180.65 billion).

    1639245421 136 a bug was found in the Solana library and MonoX

    Data: DeFi Llama.

    Trading volume on decentralized exchanges (DEX) over the past 30 days was $ 127.1 billion.

    Uniswap continues to dominate the non-custodian exchange market, accounting for over 78% of total turnover. The second DEX in terms of trading volume is SushiSwap (8.6%), the third is Curve (5.8%).

    Bank of France proposed to establish supervision over the DeFi sector

    European regulators should establish oversight of the decentralized finance sector. This was stated by Denis Bo, First Deputy Governor of the Bank of France.

    The official raised this topic as part of a presentation on the challenges for the digital euro.

    “We need to make additional important changes. In particular, oversight of the DeFi sector, where the usual regulatory framework is limited. Issuers and service providers are not easy to identify, protocols are automatically executed without intermediaries, there is no fixed jurisdiction for the services offered, ”he explained.

    Omicron token has risen in price 10 times after the emergence of a new strain of COVID-19

    The price of the Omicron (OMIC) token has risen more than 900% after the identification of a new strain of COVID-19. On November 26, the World Health Organization named it omicron.

    The DeFi coin of the Omicron DAO project is issued on the Arbitrum One Layer 2 protocol and is traded on SushiSwap. According to Twitter, the asset was launched on November 2.

    On November 27, OMIC traded at around $ 65 levels, and two days later the price reached an all-time high above $ 689. By December 11, the figure had dropped to $ 63.

    LUNA price has renewed the maximum amid the influx of funds into DeFi applications on Terra

    On December 5, the native Terra protocol token (LUNA) renewed its price high above $ 78 (on the Binance exchange). Quotes peaked amid a significant influx of funds into the project’s ecosystem – TVL in DeFi applications exceeded $ 14 billion.

    At the time of writing, LUNA is trading near $ 63, and the TVL ecosystem is $ 12.86 billion.

    1639245421 601 a bug was found in the Solana library and MonoX

    Binance LUNA / USDT hourly chart. Data: TradingView.

    A bug in the Solana library allowed to steal up to $ 27 million in an hour

    A bug in the Solana Protocol (SPL) program library could potentially steal funds from several large DeFi projects at a rate of about $ 27 million an hour. This was found out by experts from the Neodyme team.

    The Tulip Protocol yield aggregator and the Solend and Larix lending protocols were under threat. At their peak, the combined TVL of these projects reached $ 2.6 billion.

    The experts noted that the bug was publicly disclosed by one of the group’s auditors, nicknamed Simon, back in June. On December 1, he discovered that the vulnerability had not been fixed. As suggested by Neodyme, it may have been considered harmless.

    However, experts have found that the bug allows you to quickly steal “hundreds of millions of dollars” through tiny amounts.

    Experts contacted the Solana Foundation and eight projects that they believe are affected by the vulnerability. In some cases, the assumptions turned out to be wrong, and Port Finance resolved the problem on its own several months ago. Tulip, Solend and Larix did this after the call, and the Solana team made some changes to the documentation.

    Investing in DeFi

    End-to-end privacy protocol developer for DeFi users Panther Protocol raised over $ 22 million in a public token sale.

    The token sale was completed in 90 minutes, and the total amount of financing attracted by the project reached $ 32 million.

    The Panther Protocol solution uses zkSNARK technology and runs on the Ethereum, Polygon, Flare, Songbird, NEAR and Elrond blockchains.

    DeFi platform Earnity raised $ 15 million in a Series A funding round. It was led by BitNile, a mining company, a subsidiary of Ault Global Holdings.

    Also participating in the round were ATS-listed Thorney and NGC Ventures.

    Behind Earnity is Domenik Karosa, founder of the Banxa Holdings payment system and co-founder of the cryptocurrency-focused investment fund Apollo Capital. A platform aimed at “democratizing access” to digital assets is slated to launch in early 2022.

    Hacks and scams

    On November 30, a hacker withdrew $ 31 million worth of crypto assets from the platform MonoX based on Polygon. The attacker managed to use a swap contract to raise the price of the MONO token “to the skies” and then purchase “all other assets in the pool” for it.

    December 2 draft BadgerDAO was hacked – the damage amounted to more than $ 120 million. PeckShield experts indicated that one of the affected addresses lost ~ 900 BTC (more than $ 50 million at the exchange rate at that time). A spokesperson for the community on Twitter suggested that the address provided by the analysts is associated with the Celsius Network.

    On December 10, the project team reported that during the attack, hackers used the Cloudflare Workers service, which allows them to deploy scripts on the company’s cloud network.

    Attackers gained access to APIwhich was “used for legitimate Cloudflare management activities.” They then used the interface to inject malicious scripts via Cloudflare Workers into the html file of the app.badger.com website.

    Also on ForkLog:

    • DeFi 2.0: How Next Generation Decentralized Protocols Are Evolving.
    • Cryptocurrency Indices: How to Invest in DeFi Analogs of the S&P 500.
    • Profitable farming: theory and practice.



    #bug #Solana #library #MonoX #BadgerDAO #hacked

    BadgerDAO bug hacked library MonoX Solana
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Avatar of Administrator
    Administrator

    Related Posts

    AI Calls Bitcoin a Tool to Destroy Central Banks

    26.01.2023

    Anthony Scaramucci Predicts Bitcoin’s “Renaissance” in 2023

    26.01.2023

    Crypto Analyst Expects Bitcoin to Rise Above $30,000 in February

    26.01.2023

    The price of bitcoin is growing due to the growth of activity of institutional investors

    26.01.2023
    Add A Comment

    Leave A Reply Cancel Reply

    Recent Posts
    • Chinese tax authorities step up pressure on private crypto investors
    • Tether will look for crypto transactions that pay for child pornography
    • On-chain activity in the Optimism network collapsed after the end of the NFT bonus program
    • Shiba Inu Network Transferred 3 Trillion SHIB Tokens Worth $38 Million
    • AI Calls Bitcoin a Tool to Destroy Central Banks
    Recent Comments
    • 수원출장 on A professor from a US university restored the Tornado Cash code to GitHub
    • 123 on Taproot support added to LND Lightning client
    • houston junk car buyer on 16,000% increase in social media mentions in 2021 Shiba inu
    • Jim Carrey Memy on Bitwise Launches NFT Tracking Index Fund
    • hotshot bald cop on Kava developers launch testnet with EVM support
    Archives
    • January 2023
    • December 2022
    • November 2022
    • October 2022
    • September 2022
    • August 2022
    • July 2022
    • June 2022
    • May 2022
    • April 2022
    • March 2022
    • February 2022
    • January 2022
    • December 2021
    • November 2021
    • October 2021
    • September 2021
    • August 2021
    • July 2021
    • June 2021
    • May 2021
    • April 2021
    • March 2021
    • February 2021
    • January 2021
    • December 2020
    Categories
    • Altcoins
    • Analytics
    • Bitcoin
    • Blockchain
    • Ethereum
    • ICO
    • Mining
    • Other
    • Regulators
    • Security
    Meta
    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org
    Top Posts

    Subscribe to Updates

    Get the latest sports news from SportsSite about soccer, football and tennis.

    Advertisement
    Demo
    Facebook Twitter Instagram Telegram
    • Home
    • Bitcoin
    • Ethereum
    • ICO
    © 2023 Bt-Crow.com - CryptoNews

    Type above and press Enter to search. Press Esc to cancel.