• 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

How Metagood is Building an Open Economy on Blockchain — A Project Overview

chest

Metagood combines culture and finance on the blockchain, creating an open economy. Now, any asset, from art to a stake in an object, becomes a digital token. This allows value to be transferred as quickly as information.

user avatarMax Nevskyi

Origins: The Fall of Azoria — Gameplay, NFT Integration, and the Future of Web3 RPGs

chest

An in-depth overview of Origins: The Fall of Azoria, exploring its story-driven RPG gameplay, Web3 mechanics, NFT integration, in-game economy, and Dreams Quest ecosystem.

user avatarElena Ryabokon

Hivello: DePIN Architecture, Node Model, and the Future of Distributed Infrastructure

chest

In-depth overview of the Hivello project covering its DePIN architecture, node participation model, real-world use cases, and role in the Web3 infrastructure ecosystem.

user avatarElena Ryabokon

bitsCrunch: Architecture, NFT Analytics, and Web3 Market Intelligence

chest

In-depth overview of the bitsCrunch project covering NFT analytics, AI-driven insights, platform architecture, real-world use cases, and its role in the Web3 data ecosystem.

user avatarElena Ryabokon

LINE NEXT — A Web3 Blockchain Ecosystem for Mass Adoption

chest

LINE NEXT is a Web3 platform within the LINE ecosystem, combining Mini Dapps, NFT infrastructure, a wallet and financial services built on the Kaia blockchain for mass users.

user avatarAlexandra Smirnova

SeekAR and Seek Protocol: How an AR Blockchain Ecosystem with AI and the $SEEK Token Works

chest

SeekAR is an AR-based platform built on Seek Protocol that combines augmented reality, artificial intelligence, and the Solana blockchain to create interactive Web3 experiences in the real world.

user avatarAlexandra Smirnova

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.