• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
DeFI project Velodrome was hacked and stopped working

DeFI project Velodrome was hacked and stopped working

user avatar

by Alexandra Smirnova

2 years ago

The Velodrome protocol has released a warning to its users about a potential vulnerability and a breach in their software interface. The company has strongly advised its clients to refrain from any actions with Velodrome until further notice.

At this moment, our user interface is compromised. We ask you to refrain from interacting with Velodrome at this time. The team is conducting an investigation and will provide additional information here as soon as it becomes available,Velodrome (@VelodromeFi) on November 29, 2023.

The details of the incident have not been disclosed by the Velodrome DeFi project team. Nonetheless, according to independent crypto analyst ZachXBT, it is suspected that the attack is related to an attempt to steal the protocol's assets, which are believed to be redirected to addresses beginning with 0x02BA1 and 0xf64fC.

Analytical company L2beat has noted that second-layer solutions like Optimism for the Ethereum blockchain are becoming more popular compared to the main network. In particular, there has been a constant increase in the total volume of transactions in the sidechain since September of the previous year.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other articles

Veggies Farm Explained: How a GameFi Farming Game with NFTs and Tokens Works

chest

In-depth overview of the Veggies Farm blockchain game: gameplay mechanics, NFT assets, Play-to-Earn economy, tokenomics, and long-term GameFi strategies.

user avatarElena Ryabokon

Netris Overview: How This Competitive Blockchain Arcade Works

chest

An in-depth overview of Netris, a competitive blockchain arcade game featuring skill-based gameplay, NFT integration, and a transparent play-to-earn economy.

user avatarElena Ryabokon

Treeverse Overview: How This Blockchain MMORPG Builds a Living Virtual World

chest

An in-depth overview of Treeverse, a Web3 MMORPG featuring an open world, social gameplay, NFT ownership, and a sustainable player-driven economy.

user avatarElena Ryabokon

Shard Legends: Genesis Era Overview — How This Strategic Web3 RPG Works

chest

An in-depth look at Shard Legends: Genesis Era, a blockchain RPG featuring tactical gameplay, NFT characters, a balanced economy, and an expanding Web3 universe.

user avatarElena Ryabokon

GalFi: Galactic Finance Overview — How the Space-Focused GameFi Platform Works

chest

An in-depth overview of GalFi: Galactic Finance, a space-themed GameFi project combining strategic gameplay, NFT assets, DeFi integration, and a sustainable Web3 economy.

user avatarElena Ryabokon

Parallel TCG Overview: How One of the Most Promising Web3 Card Games Works

chest

An in-depth overview of Parallel TCG, a blockchain trading card game featuring NFT ownership, strategic gameplay, sci-fi lore, and a sustainable Web3 ecosystem.

user avatarElena Ryabokon

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.