by Giorgi Kostiuk
2 years ago
The first quarter of 2024 witnessed a significant financial loss of over $502 million due to 223 onchain security incidents, as per CertiK's latest "Hack3d" security report. Out of this amount, private key compromises accounted for $239 million, which was more than half of the total losses recorded during this period.
Suggestions put forth by CertiK co-founder Ronghui Gu include the adoption of multisig wallets and multiparty computation within the community to strengthen security measures.
Aave is facing a major crisis due to a $293 million exploit at Kelp DAO, leading to a confidence crisis and significant withdrawals.
Aave's borrowing activity has dramatically declined post-Kelp DAO exploit, signaling a lack of confidence in the protocol.
A significant divergence has been observed in Ethereum trading, with derivatives gaining dominance while spot market volumes decline.
The Senate Banking Committee has advanced Kevin Warsh's nomination to succeed Jerome Powell as Fed chair.
The Federal Reserve maintained its benchmark interest rate steady at 3.5% to 3.75% amid global economic concerns.
The long-awaited CLARITY Act is nearing its final procedural hurdle in the Senate, with a vote expected in May.
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