Alchemix patches ‘Reverse Rug’ exploit, address $6.5 million shortfall

840 aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDYvYjU0NTcwMzgtMDc5MC00MDM3LTlmM2YtYzY1ZmQwOWRlNGNjLmpwZw Aruran

In an unusual twist for the latest DeFi exploit, the users were the ones to walk away in profit.
It’s as miraculous as Aladdin taking off on a magic carpet: in a possible first, some of the users of a decentralized finance protocol were the ones to benefit today from an exploit, turning the concept of a ‘rugpull’ on its head. A colloquialism for when liquidity is drained from a project (often an unscrupulous founder or developer draining the funds themselves), depositors and DeFi users are most often the ones holding bad debt and/or worthless tokens — left to hope for compensation plans that can take months or even years to fully vest. In an exploit today, however, the users are the ones who got to pull at the seams for a change. This morning, Alchemix announced that the contracts for one of their synthetic assets, alETH, had experienced an “incident.” There has been an incident with the Alchemix alETH contract

Czytaj więcej

Źródło: https://cointelegraph.com/news/alchemix-patches-reverse-rug-exploit-address-6-5-million-shortfall

Total
0
Shares
Dodaj komentarz

Podobne Wpisy