Project Progress

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Aave Labs proposes for Arbitrum: unlock 30,765 ETH in compensation for victims

According to a proposal published by Aave Labs on April 25 on the Arbitrum governance forum, Aave Labs asks the Arbitrum decentralized autonomous organization (DAO) to unfreeze 30,765 ETH associated with the Kelp DAO attack and to transfer the above funds to the “DeFi United” Recovery Fund, to restore support for rsETH and compensate holders.
AAVE-4.72%
ETH0.22%
ARB1.57%
ZRO2.42%
MarketWhisper·04-27 03:34
Aave Labs proposes for Arbitrum: unlock 30,765 ETH in compensation for victims

Polymarket Announces April 28 Upgrade: Collateral Assets Migrated to pUSD, Trading Paused for About 1 Hour

According to an official announcement posted on X on April 27 by Polymarket developers, Polymarket will roll out a full platform infrastructure upgrade at 11:00 UTC on April 28, with trading paused for about 1 hour. This upgrade includes new generation trading contracts, a rebuilt order book, and the introduction of a new collateral token, pUSD. The platform’s existing collateral assets will be migrated from USDC.e to pUSD.
USDC-0.01%
MarketWhisper·04-27 03:00
Polymarket Announces April 28 Upgrade: Collateral Assets Migrated to pUSD, Trading Paused for About 1 Hour

Scallop’s abandoned V2 contract was exploited; after 150k SUI were stolen, it announced full reimbursement

Sui Network decentralized lending protocol Scallop posted an official announcement on the X platform on April 26 (Sunday), confirming that it was hit by a vulnerability attack. The attacker extracted approximately 150,000 SUI from an abandoned rewards contract associated with sSUI spool. According to the official statement, the core liquidity pool and users’ deposits were not affected. The protocol has restored deposits and withdrawals, confirming that the company will fully reimburse all losses with company funds.
SUI-0.39%
MarketWhisper·04-27 01:21
Scallop’s abandoned V2 contract was exploited; after 150k SUI were stolen, it announced full reimbursement

Standard Chartered: KelpDAO rsETH Exploit 'Bent, Not Broken' for DeFi

Standard Chartered's global head of digital assets research, Geoffrey Kendrick, said on April 29 that the decentralized finance ecosystem has taken a hard hit from the KelpDAO rsETH exploit but ultimately not a fatal one. In a note titled "DeFi – Bent, not broken," shared with The Block, Kendrick ar
AAVE-4.72%
ZRO2.42%
ARB1.57%
MNT1.45%
CryptoFrontier·04-26 19:12
Standard Chartered: KelpDAO rsETH Exploit 'Bent, Not Broken' for DeFi

Sui DeFi lending protocol Scallop is hacked, with a vulnerability in the old contract leading to 150k SUI stolen

Scallop was attacked on the Sui chain, and the side contract involved led to the sSUI rewards pool being exploited. Approximately 150k SUI were stolen. The core contract is secure, and deposits and withdrawals have been restored. The official statement applies only to the deprecated rewards contract; users’ funds were not affected. Former NEAR developer Vadim said the vulnerability originated from an outdated V2 package from 17 months ago, where not initializing last_index caused rewards to accumulate starting in 2023. The fix requires adding a version field to the shared object and strengthening version checks to prevent risks caused by outdated packages.
SUI-0.39%
LTC-2.04%
ChainNewsAbmedia·04-26 17:44
Sui DeFi lending protocol Scallop is hacked, with a vulnerability in the old contract leading to 150k SUI stolen

Aave, Kelp, LayerZero Propose Releasing $71M in Frozen ETH to Support rsETH Recovery

Gate News message, April 26 — A coalition of major DeFi protocols led by Aave Labs, joined by Kelp DAO, LayerZero, EtherFi, and Compound, filed a Constitutional AIP on Saturday morning asking the Arbitrum DAO to release approximately $71 million in frozen ETH to support DeFi United, a cross-protocol
ETH0.22%
AAVE-4.72%
ZRO2.42%
GateNews·04-26 14:33
Aave, Kelp, LayerZero Propose Releasing $71M in Frozen ETH to Support rsETH Recovery

Aave, Kelp, LayerZero Seek $71M Frozen ETH Release from Arbitrum DAO

Aave Labs, Kelp DAO, LayerZero, EtherFi, and Compound filed a Constitutional AIP on the Arbitrum forum Saturday morning requesting the network's DAO release approximately $71 million in frozen ETH to support rsETH recovery efforts following last week's $292 million Kelp DAO exploit. The proposal
AAVE-4.72%
ETH0.22%
ARB1.57%
STETH0.55%
CryptoFrontier·04-26 09:03
Aave, Kelp, LayerZero Seek $71M Frozen ETH Release from Arbitrum DAO