During the week from January 30th to February 5th, the developments worthy of attention are as follows:BNB Chain Releases BNB Greenfield White Paper；Filecoin will launch FVM virtual machine in March；The second phase of zkSync 2.0 mainnet Fair Onboarding Alpha will be launched soon；Optimism proposes to implement Bedrock mainnet upgrade in mid-March；Lido will start a new round of DVT testing in cooperation with Obol Labs and ssv.network；a16z voted against the proposal to deploy Uniswap V3 on the BNB Chain；OpenSea launched the "3-hour position protection period" mechanism；SudoSwap released the governance token SUDO and opened the governance module；Doodles live on Dooplication；Nostr-based social products Damus and Amethyst officially launched；Lens founder's block height tweet sparks 'snapshot block height' speculation；BonqDAO Smart Contract Vulnerability Attack Causes About $88 Million in Losses。
Bottom-Layer 1
Bottom-Layer 1
Odaily News According to the official Twitter, BNB Chain released the BNB Greenfield white paper, which aims to revolutionize the new standard of data ownership economy and utility. According to the content of the white paper, BNB Greenfield is a decentralized data storage system with Web3 application smart contract integration, and will become the third chain in the BNB public chain system (the other two chains are BNB Beacon Chain and BNB Smart Chain) , BNB is still the native token of BNB Greenfield.
Using BNB Greenfield, anyone who has a BNB Chain address and holds BNB can use DropBox to seamlessly store data and deploy websites on BNB Greenfield. Manipulate its data programmatically using an interface similar to AWS S 3, or store BSC's historical data and other BNB ecosystem infrastructure data.
Solana Launches Grizzlython Hackathon, Offering $5M in Bounties and Seed Funding
Odaily News Solana announced the launch of the Grizzlython hackathon, which will last for three weeks from February 2 to March 14, 2023. Grizzlython provides $5 million in global prize money and seed funding, and winning the Grand Champion will receive a reward of 50,000 USDC sponsored by Circle.
In addition, Grizzlython also has special awards for Moblie, DeFi, Payments, Consumer, Tools/Infrastructure, Gaming and DAO/Network States.
The Fantom Foundation Q1 Hackathon 2023 is now open, submissions open until March 9th
Odaily News The Fantom Foundation’s Hackathon for the first quarter of 2023 has now started. The submission deadline is 06:00, March 9, 2023, Beijing time, and the review time is from 23:00, March 10, to 06:00, March 20, Beijing time. 00, on or about March 23 to announce the winners. The Fantom Hackathon requires building a working software application integrated with the Fantom blockchain, publicly submitting a video no longer than 3 minutes on Youtube, Vimeo, or Facebook Video, submitting a code repository URL, providing a link to a contract, and more.
It is reported that Fantom’s first-quarter hackathon will provide a cryptocurrency prize worth $50,000, and awards will be based on technical implementation, design, potential impact, and creative quality.
Filecoin will launch FVM virtual machine in March
Odaily News Filecoin said that it will officially launch the EVM-compatible FVM virtual machine (Filecoin Virtual Machine) within a few weeks. Currently, more than 100 teams are building on FVM.
It is reported that Filecoin previously stated that it will launch FVM in March 2023. FVM combines smart contracts with provable storage, and can be used to deploy programmable storage primitives, cross-chain interoperability bridges, data-centric decentralized autonomous organizations (DAOs), and Layer 2 solutions.
Evmos releases 2023 roadmap, including EVM extensions, Evmos SDK and DApp store, etc.
Odaily News Evmos, the Cosmos ecological EVM compatible chain, published an overview of the 2023 roadmap, including EVM extensions, Evmos SDK and DApp store.
The EVM extension will allow developers to connect other smart contracts and application chains in the Cosmos ecosystem, and be able to make smart contract calls to the IBC module to communicate with other chains, send and receive assets. The Evmos SDK will allow blockchain developers to create application-specific chains or EVM chains tailored to specific use cases, making it easier to customize and launch new EVM chains. The DApp Store is intended to be a one-stop access point for people to discover and utilize unique Web3 applications built on Evmos.
Ripple Report: $226M XRP Sold in Q4 2022; Strong Growth in ODL Products
Odaily News Ripple said in its XRP market report that in the fourth quarter of 2022, Ripple sold $226 million worth of XRP tokens (net of purchases). It is understood that while Ripple and XRP are separate entities, Ripple uses XRP and its public blockchain to power its various products.
Ripple reported that more than 106 million transactions occurred on the XRP Ledger, and 228,000 new unique user wallets were created.
Ripple said it continued to sell XRP only in ODL transactions, adding that the popular product continued to grow in the last quarter after its “strongest” year yet.
In its report, Ripple said: “Ripple ends 2022 with its strongest year yet, focusing on crypto utility and expanding its ODL offering. Despite market volatility, Ripple sees growth from adoption as RippleNet continues to grow. Highest demand from new and existing clients of ODL."
“Ripple’s crypto payment solutions are available in nearly 40 payment markets, up from just three in 2020,” the company said.
Meanwhile, Ripple noted that the XRP spot market has experienced a general downward trend, with an average daily volume of about $700 million, down from $1.1 billion in the first quarter of 2022. However, it believes that in the near future, investment activity will return to tools that facilitate payments, transactions and custody.
Kingnodes and other 4 verification service providers stopped the Secret network verification service
Odaily News Privacy public chain Secret Network has at least four major verifiers that have stopped serving, including Smart Stake, Kingnodes, Azul Collection, and Domerium Labs.
Smart Stake stated that leaving the Secret Network was not only influenced by the Secret Foundation’s internal financial transparency and political influence, the decisive factor in its decision to stop the verification chain was the core technical problem of the network, that is, there was pressure on the verifier to complete Intel’s firmware upgrade on time.
Odaily News The Layer 1 blockchain Shardeum founded by WazirX co-founder and CEO Nischal Shetty is now on Sphinx Betanet. Sphinx allows running validation periods and stake test SHMs through GUI or CLI without permission. "Sphinx emulates Shardeum's mainnet environment, ensuring production readiness and allowing secure application testing. Sphinx is the final step before mainnet goes live".
Bottom layer-Layer 2
Bottom layer-Layer 2
Odaily News zkSync tweeted that the Fair Onboarding Alpha milestone of zkSync 2.0 is coming soon, allowing developers to test their code in a closed environment. The new fee model can ensure that transactions and block expansion consider the overall cost of the system, improve proof generation performance and fix All audit findings.
The duration of the Fair Onboarding Alpha will be determined in conjunction with ecosystem projects, and timing will follow system security and readiness. During the Fair Onboarding Alpha, the system will be closed to external users, and upon completion will enter the Full Launch Alpha phase and open access to external users.
StarkNet is working on a new open source Sequencer based on Rust
Odaily news StarkNet is developing a new open source sequencer (Sequencer), its primary goal is to increase the throughput of StarkNet. The new Sequencer will be implemented in stages, with the first modules already available for community review and more modules to be rolled out over the next few months; eventually the Rust-based Sequencer will completely replace the current Python-based Sequencer.
Optimism proposes to implement Bedrock mainnet upgrade in mid-March
Odaily News Optimism launched a new decentralized Rollup infrastructure Bedrock mainnet upgrade proposal. If the proposal is voted through, the upgrade will be implemented at 9:00 on March 15th, Pacific Standard Time (1:00 on March 16th, Beijing time). During the upgrade period, deposits and transactions will be suspended, but most users will not be affected by the upgrade. The upgrade is expected to last for 4 hours, and the history chain data can still be accessed after the upgrade.
The Ethereum expansion project Scroll has deployed the Uniswap V3 front-end on the test network
Odaily News The Ethereum expansion project Scroll has deployed the front-end of Uniswap V3 on the test network for users and developers to participate in the experience.
ImmutableX plans to launch Immutable Passport, a Web3 game pass system
Odaily News ImmutableX, the NFT layer-2 extension solution, plans to launch a one-stop pass system, Immutable Passport, in April this year, aiming to provide Web3 gamers with non-custodial wallets, player data and identity verification solutions, and to help Web3 game studios attract new player.
infrastructure components
infrastructure components
Odaily News MetaMask official Twitter stated that browser extension users can click "Set Advanced Privacy" to change their RPC provider and switch to a third-party service to send requests when creating a new wallet, helping to detect phishing and identify incoming transactions etc. These features can be enabled or disabled in existing wallet settings.
ZK Developer Nil Foundation Introduces New Technology of zkLLVM
Odaily News ZK technology developer Nil Foundation released a new technology zkLLVM, which enables developers to use the popular coding languages Rust and C++ to build zero-knowledge circuits, thereby significantly reducing workload.
LLVM stands for "Low-Level Virtual Machine" and refers to a set of open-source code libraries that developers use to "compile" readable code into a format that computers can interpret.
The zkLLVM project will also automatically plug into the Nil Foundation's recently announced ZK proofs marketplace, which it created to help ZK teams offload their work and outsource certain types of computation to third parties.
Ethereum ZK coprocessor Axiom launches demo app
Odaily News The Ethereum ZK coprocessor (coprocessor) Axiom aims to provide smart contracts with trustless access to all on-chain data, allowing developers to access historical on-chain data and perform verified operations on it by querying Axiom Computation to enhance blockchain consensus with zero-knowledge proofs.
Axiom launched 4 demo applications on the Ethereum mainnet, enabling users to prove account age, prove Uniswap v2 TWAP value, access RanDAO randomness, etc., while also open-sourcing the ZK circuit and smart contract behind its demo.
Lido cooperates with Obol Labs and ssv.network to start a new round of DVT testing
Odaily News Lido Finance announced that Obol Labs and ssv.network will cooperate to conduct a new round of DVT (Distributed Validator Technology) testing and invite individual stakers to participate in the testing.
Obol Labs has launched the second testnet Bia, which will last until the end of March
Odaily News Distributed Validator Technology (DVT) provider Obol Labs has launched the second official testnet Bia Testnet, which aims to build on the first testnet Athena and expand on a larger scale and more diverse Test DVT on a wide range of client mixes, cluster sizes, and deployment environments.
In addition, Obol will launch an ambassador program to drive testnet participation and local dissemination and support localization efforts.
LayerZero CEO Denies Nomad Founder's Allegation of Critical Trusted Third-Party Vulnerability
Odaily News Nomad founder and chief technology officer James Prestwich once stated that there are two key vulnerabilities in the LayerZero repeater, which is currently in a two-party multi-signature state, so these vulnerabilities can only be exploited by insiders or known team members. The first of these vulnerabilities allowed fraudulent messages to be sent from LayerZero multisigs, and the second allowed modifications to messages or transactions after they were signed by oracles and multisigs, potentially resulting in the theft of “all user funds.”
LayerZero CEO Bryan Pellegrino denied the allegations that LayerZero had two critical trusted third-party vulnerabilities related to the cross-chain liquidity protocol Stargate, saying, "This is 100% factually wrong, and I would ask you to contact anyone involved in the audit of the project." Talk to staff." (The Block)
Stargate proposes reissuing STG tokens to remove risk of illegal transfer of tokens held by Alamada
It is reported that Alameda purchased tokens accounting for 10% of the total supply of STG from Stargate’s community sale in March 2022, and promised to lock these tokens until March 2025. However, recent on-chain transfer data from the Alameda wallet suggests that Alameda does not have full control over its wallet and that someone is moving funds illegally.
It is reported that Alameda purchased tokens accounting for 10% of the total supply of STG from Stargate’s community sale in March 2022, and promised to lock these tokens until March 2025. However, recent on-chain transfer data from the Alameda wallet suggests that Alameda does not have full control over its wallet and that someone is moving funds illegally.
Connext Announces Amarok Upgrade is Live, Allowing Developers to Build Cross-Chain Applications
secondary title
DeFi
a16z voted against the proposal to deploy Uniswap V3 on BNB Chain and will support LayerZero
Odaily News A proposal to deploy the latest version of Uniswap on the BNB Chain passed an early consensus governance proposal, and a comprehensive governance vote was held on the Uniswap DAO.
OxPlasma Labs put forward a proposal to deploy Uniswap V3 on BNB Chain, using Wormhole bridge for deployment. However a16z opposed the proposal using all 15 million UNI tokens. The venture capital firm has a significant presence in the project, as does Jump Crypto. Voting will close on February 10th.
It is reported that a16z supports LayerZero as a bridge, while Jump Crypto invests in Wormhole. Eddie Lazzarin, a partner of a16z, said that if it is technically supported, we will vote 15 million tokens to LayerZero. We will do the same in future snapshot votes. "(The Block)
MakerDAO’s Proposal to Establish a Special Fund (Defense Fund) Was Voted Approved
Odaily News The MakerDAO community's proposal to establish a special fund (Defense Fund) to pay for legal defense has been voted through. It is reported that the fund will provide an emergency budget of 5 million DAI to pay for legal defense costs in the event of legal or regulatory action against specific MakerDAO participants. In addition, the fund will be managed by an external technical committee composed of insurance and risk management experts, who will make recommendations for approval or denial of payments based on applications.
Synthetix v3 proposal was voted by the Governance Committee to redesign the Synthetix protocol
Odaily News The Synthetix v3 proposal, which will redesign the Synthetix protocol, has been voted and approved by the Spartan Council, the Synthetix Governance Committee. The new design will have a more modular underlying mechanism with features such as multi-collateral staking, customizable debt positions, and permissionless synthetic assets, while also being deployed on a new architecture that minimizes complexity and provides a A new way to overcome the EVM smart contract size limitation.
The proposal includes dividing the debt pool into separate marketplaces capable of facilitating swapping and minting/burning snxUSD, crediting net debt to corresponding underwritten stakers. The new framework will allow underwriters the flexibility to select markets to underwrite and manage market risk profiles, enabling customized and efficient debt management.
It is understood that Synthetix adopts a council-based governance framework, in which the Spartan Council is the central management body and votes on overall improvement proposals. The council consists of eight members, all of whom voted in favor of the Synthetix v3 proposal.
Gearbox Protocol announces Gearbox Foundation
Odaily news DeFi composable leverage agreement Gearbox has announced the establishment of a foundation company Gearbox Foundation in the Cayman Islands, with the aim of promoting, supporting and promoting the growth and development of the Gearbox blockchain protocol, as well as related to the Gearbox blockchain protocol, Based or interactive solutions and applications, while providing support and funding for various research and development activities, venues and projects related to the Gearbox blockchain protocol, related technologies and its underlying software. The day-to-day operation and management of the foundation is DAObox. The employment term is two years and expires on February 2, 2025. The Gearbox Foundation recognizes the resolution voted by the DAO.
Odaily News The Neutrino team has released the Neutrino 2.0 simplified white paper (Litepaper) on Github. USDN will be transformed into the Waves ecosystem index token XTN, and gNSBT holders will be responsible for selecting and approving the mortgage of XTN reserves. Token. XTN will not be pegged to the U.S. dollar, and the price is determined by the U.S. dollar value of its reserves.
Odaily News Everlend Finance, a Solana-based DeFi lending protocol, said on February 1 that it has shut down its application platform despite having sufficient funds to continue operating in the current business environment.
The Everlend team has changed the platform to a withdrawal-only mode and urged users to withdraw their assets. The application will continue to function until all withdrawals have been processed, the announcement said. The team also outlined plans to cover all raised and unspent funds over the next two weeks.
Everlend attributed the decision to close to the liquidity crunch faced by DeFi lending participants. Continuing to operate under these circumstances would be a gamble, the team said.
zkSync Ecological DeFi Protocol Increment Releases Governance Token INCR Airdrop Proposal
Odaily News Increment, a decentralized exchange rate perpetual contract based on zkSync 2.0, released a proposal for the creation and distribution of the governance token INCR. If the community votes in favor of the proposal, INCR tokens will be created and a portion of the tokens will be retroactively distributed to members of the Increment ecological community.
According to the proposal, at the beginning of INCR’s creation, 20 million tokens will be minted on the Ethereum mainnet, of which a total of 2.4 million tokens will be airdropped to community users in three stages, a total of 3 million tokens will be airdropped to core contributors, and a total of 3 million tokens will be airdropped to the ecosystem. Grants, partners, etc. will allocate 800,000 tokens, 1.48 million tokens will be allocated to developer funds, 3.12 million tokens will be allocated to seed investors, and 9.2 million tokens will be allocated for the release of future agreement users.
According to an official announcement from Odaily, Mars Protocol, the original Terra ecological decentralized lending protocol, announced that it has launched the Cosmos application chain Mars Hub mainnet. Currently, the Mars Hub is only accessible on-chain, it has no UI, but there is a governance proposal to incentivize liquidity providers on Osmosis.
64.4 million MARS governance tokens have been unlocked, and those holding MARS tokens on Terra Classic received an airdrop based on two historical snapshots. MARS tokens are now only available on the Mars Hub chain, which has no DEX, so it is not possible to exchange MARS for other cryptocurrencies. (CoinDesk)
NFT
OpenSea launched the "3-hour position protection period" mechanism
Odaily News OpenSea tweeted that it introduced the "3-hour position protection period" mechanism. In order to reduce the risk related to theft, sellers will be prohibited from accepting certain commodity offers within 3 hours after some transactions and sales. Using the encrypted delegation platform DelegateCash, transfers between hot and cold wallets will not be affected. It is reported that DelegateCash is a decentralized registry that can associate users with trusted wallets. OpenSea will read the on-chain registry of users of the platform so that they can have a smooth buying and selling experience while being protected.
Establishing a 3-hour time frame helps OpenSea, the community, and victims discover stolen items in a timely manner, while also reducing the likelihood that buyers end up buying items that are stolen assets.
NFT marketplace Blur bypasses OpenSea blacklist restrictions via Seaport protocol
Magic Eden has completed a new round of financing of 16.85 million US dollars
Magic Eden has completed a new round of financing of 16.85 million US dollars
As previously reported, in June last year, Magic Eden completed a $130 million Series B round of financing at a valuation of $1.6 billion, led by Electric Capital and Greylock. The funds were used to expand its primary and secondary markets and explore multi-chain opportunities.
As previously reported, in June last year, Magic Eden completed a $130 million Series B round of financing at a valuation of $1.6 billion, led by Electric Capital and Greylock. The funds were used to expand its primary and secondary markets and explore multi-chain opportunities.
SudoSwap released the governance token SUDO and opened the governance module
Odaily News NFT trading protocol SudoSwap has released the governance token SUDO and opened the governance module. SUDO's Lockdrop and Airdrop are now accessible.
XMON holders can obtain SUDO tokens through the Lockdrop event. XMON tokens will be locked for 1 month from contract deployment, and 10,000 SUDO can be obtained for each XMON locked. Early sudoAMM LP (exchange pool only) and 0x mons NFT holders (before snapshot date) are eligible for the SUDO airdrop.
In addition, SUDO uses the OpenZeppelin Governor module on the chain to manage the sudoAMM protocol. An address entrusting at least 300,000 SUDOs can create an on-chain proposal for the governance module. The voting is delayed for 2 days. Proposals with a majority of votes can be implemented. Through on-chain proposals, holders can vote for adjustments including: fee switching, adding new routers, whitelisting external contract pools, and adding new Bonding curves.
Odaily news NFT market X2Y2 announced that for the token unlocking that will be carried out within 24 hours, including unlocking 12.5 million Treasury tokens and 25 million Team tokens, the X2Y2 team will not sell any tokens that will be unlocked in the foreseeable future. coins or any tokens unlocked so far. That's where we've stood since the first unlock. Our confidence in the future of X2Y2 remains firm, and we are committed to growing with our long-term holders.
Odaily News The public product working group of the ENS DAO community, the meta-governance working group, and the ENS ecosystem's three proposals to seek funding for the first and second quarters of 2023 have been voted through.
The Public Goods Working Group requested ENS DAO to provide funds of 250,000 USDC and 50 ETH in Q1/Q2 2023, which will be used to support projects and builders to fund public products in Web3. The Meta Governance Working Group requires ENS DAO to provide funds of 364,000 USDC, 125 ETH and 3,500 ENS in the first quarter/second quarter of 2023, which will be used to support the governance process of ENS DAO, as well as management and construction Infrastructure to support ENS DAO and working groups. The ENS Ecosystem Working Group requested ENS DAO to provide funds of 935,000 USDC and 254 ETH for the first quarter/second quarter of 2023. The funds will be used to support the development and improvement of the ENS protocol and the ENS ecosystem. projects and developers.
According to Odaily’s Token Unlocks data, The Sandbox will unlock 372,570,278 SANDs at 16:00 on February 14th, Beijing time, accounting for 12.419% of the total supply.
Among them, 96,840,278 are unlocked from company reserves, 37,500,000 from advisors, 71,250,000 from teams, 39,900,000 from foundations, 24,000,000 from strategic sales and The seed round sale unlocked 103,080,000 pieces.
Highstreet CEO: Confirmed to cooperate with Jay Chou
The CEO of Highstreet, Odaily's Xunyuan Universe project, said in Twitter Space that it has been confirmed that Highstreet will cooperate with Jay Chou.
Doodles are live on Dooplication, users will be able to mint wearables used in Doodles 2
Odaily news NFT project Doodles announced that Dooplication has been launched. The Dooplicator's first use, or "recharge," will allow users to create wearable devices out of OG Doodles.
After using Dooplicator, users will receive up to 9 wearables, plus a Beta Pass for early access to Doodles 2, new wearables will be available during the private beta of Doodles 2 (coming soon) Wearables can be created with Dooplicator There will be other functions later.
According to previous reports, Doodles co-founder poopie tweeted that the Dooplication self-hosting guide has been released, aiming to provide support for users who want to fully self-host and self-control wearable NFT, helping users not rely on third-party hosting solutions Scheme to house Doodles 2 assets.
According to the guide, the main steps are as follows: 1. Download and set up the Lilico wallet. 2. Use the smart contract to initialize the account to receive the wearable equipment NFT. 3. Send a Dooplication transaction on the Ethereum chain via Etherscan. 4. Receive and view wearable NFTs on the Find.xyz marketplace. 5. Explore other NFT marketplaces with lending functionality.
NFT Project Cool Cats Airdrops Fractures NFT to Cats and Pets Holders
Odaily News NFT project Cool Cats announced at the Town Hall conference that it will airdrop Fractures NFT to holders of Cats and derivative projects Pets.
Fractures (aka Portal to Cooltopia) are brand new dynamic NFTs and will be a MINT PASS when Cool Cats releases their next character. According to OpenSea data, the floor price of the Fractures series NFT is temporarily reported at 0.178 ETH, and the total transaction volume is 54 ETH.
It is reported that a wallet address holding multiple Cats/Pets NFTs will still only receive one Fractures NFT airdrop, but in the future when casting new series, they will get PFPs with higher rarity.
Memeland's NFT Collection Reduces Royalties from 9% to 3.33%
The OpenSea page of Odaily news shows that Memeland's NFT projects YOU THE REAL MVP, The Captainz, and The Potatoz have reduced their royalties from 9% to 3.33%.
In addition, Memeland officials will hold a Townhall on Twitter at 22:00 Beijing time today to share the reasons for this decision with the community.
DigiDaigaku Founder: Will Advertise During Super Bowl, Start Free Minting of New NFTs
Odaily News Gabriel Leydon, founder of Limit Break, the parent company of DigiDaigaku, tweeted that Limit Break will place an advertisement at the Super Bowl on February 12.
At the time of the advertisement, Limit Break will also open the free minting of the new NFT series DigiDaigaku Dragons. The total supply of this series of NFTs is 10,000, and the whitelist application is now open.
Odaily News The well-known e-sports player and anchor @Mongraal posted his BAYC casting game "Dookey Dash" score on Twitter. The screenshot shows that @Mongraal scored 807260 points, which is the highest score record of the game so far.
social contact
social contact
Jack Dorsey: Nostr-based social products Damus and Amethyst are officially launched
Odaily News Twitter co-founder Jack Dorsey tweeted that the social products Damus and Amethyst based on the distributed social media protocol Nostr have been officially released in the Apple App Store and Google Play Store.
According to previous news, in December last year, Jack Dorsey donated about 14.17 BTC to the decentralized social network Nostr to further fund the development of Nostr.
Lens founder tweets about block height, sparking speculation about "snapshot block height"
game
game
YGG Japan Completes 400 Million Yen Private Equity Financing, Square Enix, SEGA and Others Participate
Odaily reports that YGG Japan, a subsidiary of YGG, completed 400 million yen (approximately US$3.09 million) in private placement financing, Square Enix, SEGA, GREE, MARBLEX, enish, Adways Ventures, Coincheck, Gate.io Labs, Vector, Infinity Ventures Crypto (IVC), CAICA DIGITAL, Days Inc., Emoote, Arriva Studio, Calorful Marketing, Kingdomverse, ForN Gaming Guild, Eureka Entertainment, a total of 18 institutions participated in the investment.
security incident
security incident
BonqDAO Smart Contract Vulnerability Attack Causes About $88 Million in Losses
Odaily News The non-custodial lending platform BonqDAO and the encryption infrastructure platform AllianceBlock were hacked due to BonqDAO's smart contract vulnerability, resulting in a loss of approximately US$88 million.
Hackers removed approximately 114 million Wrapped AllianceBlock Token (WALBT) and 98 million BEUR tokens from a BonqDAO vault. The technical cause of the vulnerability is unknown. So far, the hacker has sold around $1.2 million in tokens, but due to lack of liquidity, it is difficult to convert all of them into stablecoins or ETH.
AllianceBlock tweeted afterwards that the next steps the team plans to take are to take a snapshot before the attack took place, and then develop a solution for all affected users at the time of the snapshot. This includes minting and airdropping new ALBT tokens to the addresses in the snapshot. (The Block)
Odaily News Orion Protocol, a decentralized liquidity aggregator protocol, was attacked by a re-entry attack and lost about $3 million in assets. The attacker has transferred some cryptocurrencies to Tornado Cash. The platform has temporarily closed the deposit function. Orion Protocol CEO Alexey Koloskov stated that all users’ funds are safe, including staking, Orion Pool, bridges and liquidity providers. This problem is not caused by a flaw in the core protocol code, but may be caused by a bug in a mix of third-party libraries in its experimental and smart contracts used by private brokers.
Alexey Koloskov also assured users that “no users have suffered any losses in this incident and assets at risk are located in internal brokerage accounts operated by the Orion team for decentralized access to centralized liquidity. Orion Protocol is continuing to investigate the attack Deposits will not be reopened until activity, bugs are fixed and audited. Users can currently withdraw funds from the Orion Exchange contract".
