Tempo L1 Hits 3.9M Transactions in Two Months
The payments-focused blockchain Tempo has settled 3.9M transactions across 177K addresses since mainnet launch in March, with stablecoin supply exceeding $25M and full Dune Analytics integration live.
Crypto News·
Stake DAO says it contained the vsdCRV exploit to Arbitrum, secured mainnet backing, closed the bridge and began sunsetting a market.
Read full articleThe payments-focused blockchain Tempo has settled 3.9M transactions across 177K addresses since mainnet launch in March, with stablecoin supply exceeding $25M and full Dune Analytics integration live.
The post DeFi’s automated yield protocols were built for retail, now they just add another layer of risk appeared on BitcoinEthereumNews.com. Automated yield protocols built DeFi’s most persuasive retail pitch that depositing into a vault was all a user needed to do, with the protocol handling everything else. For users wanting exposure to Curve’s boosted yields without manually managing CRV locks, vote power, wrappers, gauges, and incentives, Stake DAO offered a product that packaged the full stack behind a simple interface and, in doing so, also packaged what could break. According to Blockaid, an attacker minted over 5.4 trillion vsdCRV on Arbitrum through a suspected compromise of a deployer key and began swapping tokens for ETH. The attacker altered LayerZero-related peer configuration to forge a cross-chain message before minting 5,446,744,073,709 vsdCRV, converting a portion into roughly 43.78 ETH, with liquidity constraining realized extraction far below the nominal mint. Stake
PeckShield said the attacker bridged 43.7 ETH to Ethereum after minting trillions of vsdCRV, while EmberCN said most of the remaining tokens had insufficient liquidity to sell.
AmericanFortress has launched a beta privacy infrastructure on Arbitrum, promising compliant, mixer-free transaction shielding for institutional and high-volume DeFi users. AmericanFortress has rolled out its beta privacy infrastructure on Arbitrum, introducing a Send-to-Name system that uses human readable FortressNames and…
A compromised private key let an attacker forge a cross-chain message on Arbitrum, triggering cascading warnings across Curve Finance and Beefy Finance.
Stake DAO faces an ongoing exploit after an attacker minted 5.4T vsdCRV on Arbitrum and began swapping funds for ETH, researchers said.
The exploit highlights vulnerabilities in DeFi protocols, potentially undermining trust and prompting stricter security measures across the sector. The post Stake DAO faces ongoing exploit as attacker mints 5.4T vsdCRV on Arbitrum appeared first on Crypto Briefing.
THORChain prepares restart after a $10.7M exploit, with ADR028 approved, a hacker bounty active, and v3.19.0 testing before mainnet release.