Gnosis Chain has gone through a network upgrade in order to fix the issue that allowed hackers to steal $11 million from two DeFi protocols running on its network last month.
“All application builders on Gnosis Chain can now assume tokens bridged via the native bridge are not prone to the reentrancy attack anymore, which caused the hacks of Agave and Hundred Finance,” Stefan George, co-founder and chief technology officer at Gnosis, told The Block.
Gnosis Chain (previously known as xDai Chain) is a popular sidechain — a term that refers to a blockchain running parallel to Ethereum — that’s run by GnosisDAO. There are more than $287 million of cryptocurrencies locked up in applications running on its network, per DeFiLlama.
Gnosis Chain said, in an official post, that the hard fork — a significant network change — went live today at block number 21,735,000, which took place around 6:30 AM UTC.
The hard fork activated a proposal (GIP-31) on the Gnosis DAO governance aim
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