Wintermute have lost over $160M to their second incident this summer. Using a vanity address for "gas savings" has cost them dearly. Last time, funds were returned, will Wintermute get lucky again?
Maker DAO is going through a governance crisis. The US crypto crackdown combined with the falling markets has placed pressure on the protocol to define their purpose. Will Maker strive to preserve the crypto ideals and reject the legacy system? Or embrace growth, whatever the cost?
Compound’s governance has backfired, and not for the first time. An oracle update has bricked the cEther market for a week. Compound say that “Funds are not immediately at risk, but this is a developing situation…”
It’s been a stormy summer for DeFi. The sanctioning of Tornado Cash has forced us to face certain questions about Ethereum’s future. Will the censorship-resistant, permissionless dream survive, or is OFAC’s influence an existential threat?
The billion that wasn't. Tornado sanctions didn’t deter these Polkadot thieves, who tried to steal ~$1.3B in aUSD from Acala Network.
Curve fell victim to a DNS hijacking yesterday, with approximately $575k lost to malicious contract approvals. For users, DeFi protocols are only as secure as their centrally-hosted front end. How much longer will web3 rely on web2?
If you have nothing to hide, you have nothing to fear. Tornado Cash has been living on borrowed time, and now the crackdown has begun. Choose privacy while it’s still an option. It’s time to go dark...
Approximately 8,000 addresses on the Solana network have been compromised, draining a total of ~$5.3M. Fear leads to rumours, and separating the signal from the noise is no easy task.
Nomad Bridge has been torn apart, with $190M drained in a savage attack. This is the 100th incident to make it onto the leaderboard, but DeFi still has plenty of easy prey, and scavengers continue to circle overhead.
Nirvana Finance lost $3.5M yesterday to a flash loan attack. It seems Solana’s relevance is waning, but will Nirvana get a chance at reincarnation?
Audius has fallen victim to a governance attack, losing $6M of its native token, AUDIO. Let’s hope their debut is a one-hit wonder.
~$8.8M skimmed off the top. Crema Finance, a concentrated liquidity AMM on Solana, was exploited into issuing millions in excess LP fees.