Major DeFi Protocol Patches Vulnerability Before Funds Affected
A widely used decentralised finance protocol has deployed a fix for a smart-contract vulnerability that was responsibly disclosed by independent security researchers. According to the team, the issue was resolved before any user funds were impacted, and a reward was paid through the protocol’s bug-bounty programme. The developers published an audit summary describing the flaw and the remediation steps taken.
Key Takeaways
- A disclosed vulnerability was patched before funds were lost.
- A bug-bounty reward was paid to the researchers.
- Always use official channels during security events.
Summary generated by IndiCrypto from The Block. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in DeFi
Arch Lending eyes tokenized stocks as next collateral market
Arch Lending’s Himanshu Sahay said on Cointelegraph’s Chain Reaction podcast that the lender plans to move into tokenized equities as onchain stocks gain traction as collateral.
Bitcoin Cash Price Surges 30% as CME Announces BCH Futures Launch
CME Group has announced plans to launch bitcoin cash futures contracts, triggering a 30% surge in the cryptocurrency’s price to $345. BCH Outperforms Market on Derivatives Expansion Bitcoin cash (BCH) broke through $300 Tuesday for the first time in nearly…
Aave Proposal Seeks Higher Borrowing Limits For ETH And Bitcoin Collateral
TL;DR An Aave ARFC proposes higher collateral efficiency for ETH- and Bitcoin-linked assets. The proposal would raise WETH LTV to 81% and liquidation threshold to 84%. The parameters are still under governance discussion and are not yet live. Aave governance…