• 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

WonderHero Review: Gameplay, NFT Characters, WND & HON Tokens, and Play-to-Earn Model

chest

In-depth overview of WonderHero Web3 game: gameplay mechanics, NFT assets, WND and HON tokens, Play-to-Earn model, tokenomics, and long-term ecosystem sustainability.

user avatarElena Ryabokon

Manta Network Overview — Pacific & Atlantic Architecture, MANTA Tokenomics and zk Ecosystem Potential

chest

In-depth overview of Manta Network: Pacific and Atlantic architecture, zero-knowledge applications, MANTA tokenomics, and its role in the evolving Layer 2 ecosystem.

user avatarElena Ryabokon

AltLayer (ALT) Overview — Restaked Rollups, Tokenomics, and Layer 2 Infrastructure

chest

In-depth overview of AltLayer (ALT): Restaked Rollups model, EigenLayer integration, protocol architecture, tokenomics, and its role in the Ethereum Layer 2 ecosystem.

user avatarElena Ryabokon

Aethir Crypto Project Explained — DePIN Architecture, ATH Tokenomics, and Decentralized GPU Cloud

chest

Comprehensive analysis of Aethir (ATH): decentralized GPU cloud, DePIN architecture, token distribution, AI and gaming use cases, risks, and long-term outlook.

user avatarElena Ryabokon

Taiko Crypto Project Explained — Type 1 zkEVM, Based Rollup Model, and TAIKO Token Economics

chest

In-depth analysis of Taiko (TAIKO): Type 1 zkEVM architecture, based rollup design, token distribution, use cases, and key risks of this Ethereum Layer 2 project.

user avatarElena Ryabokon

Drunk Robots Review: Gameplay, METAL & JUNK Tokens and the GameFi Model

chest

In-depth overview of Drunk Robots: PvP gameplay, gang mechanics, NFT characters, METAL and JUNK tokens, in-game economy and long-term GameFi potential.

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.