A whitehat and HongCoin's original multisig used a preserved overflow bug to reopen refunds trapped since 2016.
The post Failed Ethereum ICO from 2016 just unlocked 1,003 ETH by exploiting itself appeared first on CryptoSlate.
Charles Hoskinson, Cardano's founder, is turning his public focus back to the blockchain network, and Midnight, one of his largest ventures outside crypto, prepares to close. The shift comes at a difficult moment for the Cardano founder. His Wyoming health care project is winding down after years of investment, while the blockchain he helped build […]
The post Charles Hoskinson goes all-in on Cardano and Midnight after $250 million hospital shutdown appeared first on CryptoSlate.
Aave required a governance process to manipulate its rsETH oracle price to generate a deficit in the attacker’s fraudulent position.
Many onlookers blame LayerZero's default infrastructure setup because the cross-chain bridge that was attacked used a 1-of-1 configuration.
Aave filed an emergency motion last week to free millions in frozen ETH from a restraining order issued against the Arbitrum DAO, turning what began as a coordinated exploit recovery into a court dispute. Aave LLC said the restraining notice was served on Arbitrum DAO on May 1 and seeks to seize approximately $71 million […]
The post Aave says creditors are trying to seize stolen ETH before victims get their $71M back appeared first on CryptoSlate.
The Arbitrum Security Council froze 30,766 ETH that the Kelp DAO attacker had moved to an Arbitrum One address.
Curve founder Michael Egorov proposed a new way to recover bad debt in DeFi lending markets amid industry debates on the KelpDAO incident.
Circle Chief Economist Gordon Liao proposed raising USDC borrowing rates on Aave to ease post-KelpDAO liquidity strains.
Aftermath conditions from Kelp DAO’s exploit has opened a broader debate over DeFi’s security model, after billions left Aave.
The bill stipulates that members of a decentralized nonprofit association generally have no personal liability for its activities.
Aave V4 features a hub-and-spoke architecture that concentrates liquidity to supply a wider range of markets and use cases with credit lines.
At current prices of ether and LDO, which are both in the slumps, the buyback could absorb around 8.5% of LDO's circulating supply.
Moonwell is facing a governance attack after a $1,800 token purchase was used to push a proposal that could drain over $1 million.
The snapshot vote comes in the wake of significant Aave governance shakeups, including the announced departures of BGD Labs and ACI.
Crypto governance company, Tally, processed more than $1 billion in payments, served more than a million users, helped secure over $80 billion in protocol assets, completed a 60-day US ICO registration process, and then decided to kill the token sale and shut down anyway. The company stated that the market for venture-backed governance tooling does […]
The post The DAO dream is over? Billion dollar crypto company shuts down, kills token launch citing ‘no users’ appeared first on CryptoSlate.
The Tally team has already begun working with enterprise clients to create continuation plans as it begins shutting down.
End of DAOs? Firm behind Uniswap and Arbitrum governance says easing regulation made decentralization optional
The bridging protocol's team wants to exchange ACX tokens for equity in a new U.S. C-corp or buy holders out at a 25% premium, in what would be one of the first major reversals from token to traditional corporate structure.
Across Protocol posted a temp check proposal exploring a shift to a private company, where ACX tokenholders could exchange tokens for equity.
The remarks follow a recent Aave DAO governance dispute that saw key contributors BGD Labs and ACI step back from the protocol.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Aave DAO advances proposal redirecting product revenue to treasury and ratifying V4 as strategic foundation.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Aave Labs posted a governance proposal on Feb. 12 asking tokenholders to endorse a strategic package that would direct 100% of Aave-branded product revenue to the DAO treasury, formalize brand protection, and center the roadmap on Aave V4. The initiative was named the “Aave Will Win Framework.” The proposal hasn't been implemented yet, as an […]
The post If the SEC stays softer, Aave’s DAO could start capturing $100M+ annualized revenue appeared first on CryptoSlate.
Marc Zeller, ACI founder and prominent DAO advocate, argues Aave Labs' proposal is an attempt to cash out framed as a benevolent act.
The move comes amid ongoing tensions with Aave DAO over which entity ultimately controls the Aave lending protocol.
Ethereum's most infamous experiment is back. Not as a venture fund, but as something the ecosystem arguably needs more: a permanent security budget. On Jan. 29, a group of Ethereum veterans announced plans to convert roughly 75,000 ETH in decade-old recovery funds into a staked endowment whose yield will finance smart contract security work across […]
The post TheDAO’s leftover rescue money sat for a decade now it’s becoming Ethereum’s permanent $220M security budget appeared first on CryptoSlate.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Some funds that were initially sequestered to help refund “edge case” victims of The DAO hack will fund a new Ethereum security effort.