Lido Finance Validator Reveals Corrupt ETH Deal in USDC-WETH Swap
Lido Finance validator claimed a substantial reward of 64.77 ETH (equivalent to $103,000) via the Beaver Build relay at block #18113145.
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Lido Finance validator claimed a substantial reward of 64.77 ETH (equivalent to $103,000) via the Beaver Build relay at block #18113145.
Ethereum staking protocol Lido Finance has publicly acknowledged a known security flaw in its LDO token contract. The announcement came in response to a September 10 post by blockchain security firm SlowMist, which highlighted the vulnerability that could potentially enable “fake deposit” attacks on cryptocurrency exchanges, Cryptopolitan reported.
Blockchain security firm SlowMist claimed there was an exploit involving Lido Finance's contract token while the liquid staking protocol assured users that funds were safe.
Six cryptocurrency projects, including ApeCoin (APE) and Aptos (APT), are set to release significant tokens this week. Moonbeam will release 9.7 million GLMR tokens, valued at $1.74 million, on September 11; Aptos will unlock 4.54 million APT tokens, valued at $23.85 million, on September 12.
Blockchain security firm SlowMist says malicious actors have already exploited the vulnerability in the LDO Token contract on several cryptocurrency exchanges.
The “fake deposit” attack enables bad actors to execute a transfer where the requested value is larger than what the user actually owns.
Cryptocurrency security firm SlowMist recently issued an alert about a security flaw in the LDO token contract, which hackers have exploited to conduct fraudulent deposit attacks on exchanges. The flaw lies in the contract's non-compliance with the ERC20 standard, which typically mandates that a transfer transaction must be reversed if the sender lacks sufficient funds.
Lido bulls have continuously defended the $1.5 level in September. Will the trend repeat and front a short-term reversal?
In a significant move aimed at solidifying Lido Finance's position within the Solana network, the Peer-to-Peer (P2P) team has submitted a funding proposal to the Lido DAO community. This financial request, totaling $1.5 million, is strategically designed to ensure the project's sustainability and foster its growth on the Solana platform, thus safeguarding its operations against potential disruptions.
RocketPools get scrutinized as it vies to challenge Lido, but the two projects have different tradeoffs.
In a landmark development within the blockchain and cryptocurrency realm, the P2P team has initiated a request for $1.5 million in funding from Lido DAO, a prominent staking provider. The primary objective behind this proposal is to take the Solana (SOL) network's staking service to unprecedented heights.
In an exhilarating development within the ever-evolving world of blockchain technology, the dedicated P2P team responsible for managing Lido Finance's deployment on the Solana network has taken a bold step by reaching out to the Lido DAO community with a compelling funding proposal. This strategic move aims to secure a substantial $1.5 million in financial support, not only to sustain their current operations but also to propel their project to new heights, thereby preventing any potential disruptions in their flourishing journey.
In a spicy take on Lido's liquid staking dominance, David Rodriguez says Ethereum thought leaders aren't being realistic about the problem and are in fact, “coping.”
The Lido on Solana project risks shutting down die to financial strain, after the winding down of Lido on Kusama and Polkadot.
In a pivotal move, the P2P team managing Lido Finance's deployment on Solana has submitted a funding proposal to the Lido DAO community. The team seeks $1.5 million over the next 12 months to sustain and grow the project, thereby avoiding the potential cessation of operations.
In a plea for financial support, the P2P team behind Lido on Solana has requested $1.5 million from the Lido DAO.
“For those of us who've been paying attention to crypto over the last couple of years, hacks are still incredibly real,” says Mike Ippolito.
The P2P team managing Lido Finance's operations on Solana submitted a funding proposal to sustain Lido's liquid staking service on the layer-1 decentralized network.
The P2P team turns to Lido DAO for crucial financial backing to continue to work on Lido's integration with Solana.
The total value of assets locked (TVL) in liquid staking projects has continued to climb despite the overwhelming bearish sentiments present in the market. DeFillama's data reveals an impressive surge in the category's TVL, which has reached almost $20 billion in the past year.
Lido on Solana could be on the verge of winding down its operations unless it secures financial backing from the Lido DAO community, according to a funding proposal on Monday.
The P2P has put forward a funding proposal to the Lido DAO community, requesting $1.5 million to continue offering liquid staking on the network.
Lido's soaring dominance in Ethereum staking raises centralization concerns, while a closer look at its market performance suggests its grip may not be as firm as it appears.
In the ever-evolving landscape of cryptocurrencies, Ethereum, the second-largest digital asset by market capitalization, finds itself at the center of a paradigm shift within its staking ecosystem. Lido Finance, a pioneering liquid staking solution, has emerged as a powerful player, holding a significant 32.7% share of all staked Ethereum (ETH).