Once seen as one of the darlings of Defi among Uniswap, Curve and Aave. SushiSwap showed a lot of promise, but that promise has been overshadowed by drama, which can be relentless at times. If we could have a leader board of Defi trainwrecks, surely Sushiswap would make the list.
MORE
March 8th, $2.1M was stolen in multiple attacks on the ETH-based DEX shortly after a contract upgrade to their DEX aggregation contract.
MORE
WooFi got taken for a $8.5 Million ride on March 5th, after a flash loan attack on Arbitrum.
MORE
Over $6.4 million was stolen from users wallets on February 28, thanks to the bad tao of Seneca. Roughly 80% of the funds were returned within a day. Clearly Seneca knew there were issues, but chose the reckless route.
MORE
Governance is a theater. Dramatic walkouts from liquidity experts and risk managers alike serve as stark reminders of the complexities and challenges of decentralized governance.
MORE
On-chain black magic led to two of Abracadabra’s cauldrons springing a leak yesterday. $6.5M gone and MIM losing its magic... What dark arts are needed for a full repeg?
MORE
Infinite approvals… the ultimate leap of faith. Socket’s Bungee bridge lost $3.3M yesterday. Have you checked your approvals lately?
MORE
A fitting regulator for our circus of an industry. Yesterday, the SEC’s official Twitter account was compromised, announcing the approval of Bitcoin ETFs. Will the SEC investigate itself?
MORE
Gamma Strategies, an Arbitrum-based concentrated liquidity management protocol, was exploited for at least $4.5M, earlier today. Recently we wondered, "Can we do better this year?". So far, it’s not looking good.
MORE
It wasn’t just fireworks blowing up on New Year’s Eve... Orbit Chain’s Ethereum bridge lost $81.5M. What will 2024 bring?
MORE
2024 is off to a bright start... Lending protool Radiant Capital lost $4.5M, to a known bug. Keeping up with the security landscape is key, especially when dealing with forked code.
MORE
Gradually, then all at once. Levana Protocol lost over $1.1M to an oracle manipulation attack lasting almost two weeks. But if it hadn’t been for congestion, would they have even noticed?
MORE