?? Blockchain Weekly #379: A Detailed Analysis on EDE Finance’s $520K Hack
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QuickSwapDEX has launched QuickPerps, a fully decentralized perpetual exchange on Polygon’s zkEVM. This new development enables traders to engage in perpetual trading with leverage of up to 50x. Additionally, QuickPerps introduces a multi-asset liquidity pool with QLP tokens, allowing users to participate in leverage trading and profit from the performance of the assets.
Illuvium, the world's first IBG (Interoperable Blockchain Game) is an upcoming open-world exploration, NFT creature collector and autobattler game built on the Ethereum blockchain. Join a graphically-rich sci-fi adventure and conquer the wilderness to help your crash-landed crew flourish.
In a recent security incident, the EDE Finance project on the Arbitrum chain was hacked, resulting in a significant loss of funds. The attacker exploited vulnerabilities in the project's contracts to bypass permission restrictions and manipulate asset prices, making profits through position additions and reductions. The incident highlights the importance of thorough security audits and the need for unique identifiers and permission checks in signature verification for price oracle feeds.
The El Dorado Exchange (EDE) Finance project on Arbitrum was hacked, resulting in a loss of $520,000. The attacker manipulated token prices by exploiting vulnerabilities in the oracle contract. Lunaray Sec, the auditing team, confirmed that the vulnerabilities were not within the scope of their initial audit. EDE Finance has rectified the vulnerabilities, emphasizing the need for comprehensive smart contract audits to protect decentralized finance ecosystems.
Kinto is an L2 focused on providing safe and insured access to financial services. It's built on top of the Ethereum network using the OP Stack, and it's non-custodial, transparent, permissionless, and governed by the community
Call to action: Node operators should diversify their execution clients away from a majority Geth setup
Iron crypto wallet is a powerful developer-centric wallet built from scratch with development and debugging in mind. It bundles together features, including instant detection of chain restarts/revert, transaction history, balance, and nonce. The wallet aims to make tooling more accessible and provide a helpful integration for the Foundry toolkit. Iron wallet has many features, a native desktop experience, password protection, and crucially...dark mode.
Alexis Ohanian is still beating the play-to-earn drum, but he's being roasted on Twitter for what some are calling an outdated take.
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?? News
The daily average gas fee on Ethereum is trending toward a two-month low after surging amid last month's memecoin trading frenzy.
Jimbo’s Protocol?was hit with a flash loan attack in the early hours of Sunday, losing $7.5M.
This marks the sixth incident on the Arbitrum platform in 2023. The hack exploited a lack of slippage control in the protocol's contract. The team has reached out to the attacker and offered a 10% bounty for the return of funds. If the situation is not resolved, they plan to involve law enforcement agencies.
The SEC sued crypto exchange Binance and its billionaire founder, Changpeng Zhao, alleging that they worked to attract U.S. customers to its unregulated international exchange, commingled investor funds with their own and violated securities laws. The 13 charges come after the CFTC unveiled a similar complaint against Binance and Zhao earlier this year. Zhao dismissed the allegations on Twitter.
?? Videos
Peter Robinson talked about his journey through AI tools and his thoughts on whether AI tools could find bugs or not, which tools to use and how to use them.
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Binance Smart Chain Sniping Bot that I made when studying blockchain mev bots
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?? Did you know?
The first computer to use a graphical user interface (GUI), called the Xerox Alto, was developed in 1973.
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