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  • Gitcoin + Chainlink: Bug Bounty Program

    We are proud to announce that we have teamed up with Chainlink to launch a new bug bounty program to secure the Chainlink protocol. Chainlink is the market-leading decentralized oracle network that is powering much of the DeFi market.
    The post Gitcoin + Chainlink: Bug Bounty Program appeared first on Gitcoin’s Blog. … More

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  • Opyn Hacked for $371K USDC: Exploit Details Revealed

    DeFi risk-management platform Opyn was hacked via a “double-exercise” attack to the tune of roughly $371,000 USDC. Here is an overview of the incident affecting ETH Put contracts. No other contracts are affected. ~371k USDC was lost. We worked with @samczsun to whitehack, securing ~439k USDC. Affected users, please see below. Full post-mortem coming in next few days.https://t.co/ILNutAiqfU
    — opyn (@opyn_) August 4, 2020 In response, the Opyn team drained liquidity of oETH tokens from Uni… … More

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  • Balancer Drained for $500k Using STA & STONK Deflationary Tokens

    Balancer – a leading automated asset management and liquidity platform – suffered a setback yesterday afternoon as ~$500k worth of collateral was drained from two pools that used deflationary tokens. On the incident with non-standard ERC20 deflationary tokens today.https://t.co/xgYxBTDVvK
    — Balancer Labs (@BalancerLabs) June 29, 2020 Deflationary tokens – or those who’s supply is reduced due to a predefined parameter – opened up vectors for pool weighting im… … More

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  • Protect Your Privacy: Hack for a Better Data World

    Between Jun 15, 2020 – Jun 29, 2020 we’re opening the open source gates for the Protect Privacy Virtual Hackathon! We’ll explore solutions that balance ownership, control and privacy for users, with leading Web3 companies already building in the privacy space.
    The post Protect Your Privacy: Hack for a Better Data World appeared first on Gitcoin’s Blog. … More

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  • BlockFi Experiences Data Breach – Crypto Lending Hack

    Earlier today, BlockFi – the US-based crypto lending platform – released details of a data breach exposing user information. This is why we DeFi on #Ethereum pic.twitter.com/MEaia8jvvR
    — Anthony Sassano | sassal.eth (@sassal0x) May 19, 2020 According to the report from BlockFi, the account information that was accessed during the incident included name, email address, date of birth, postal address, and activity history. That said, all of BlockFi’s user funds, password, … … More

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  • BuiDL Money Legos with Aave: New York Blockchain Week

    Heyo Gitcoiners! With an entire city of hackers, coders and blockchain innovators relocated on our platform, the atmosphere is just buzzing with creative energy. A lot of this energy is being channels towards Aave – the hottest new DeFi project on the block(chain).
    The post BuiDL Money Legos with Aave: New York Blockchain Week appeared first on Gitcoin’s Blog. … More

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  • Blockstack is Back: Hacking with Clarity

    Mark your calendars, set your alarms and clean up your desktops, ‘cause on May 14th Blockstack is coming to town(square) with their brand new, exclusive coding-fest: Clarity Hackathon!
    The post Blockstack is Back: Hacking with Clarity appeared first on Gitcoin’s Blog. … More

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  • Ready Layer One: Interoperability is NEAR

    Heyo Gitcoiners! We’ve always believed OSS people have the power to make things better, for everybody. That’s why we’re just over-the-moon to host NEAR’s fun-tastic hackathon: Ready Layer One!
    The post Ready Layer One: Interoperability is NEAR appeared first on Gitcoin’s Blog. … More

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  • Ready Layer One: Ethereum Interoperability is NEAR

    Heyo Gitcoiners! We’ve always believed OSS people have the power to make things better, for everybody. That’s why we’re just over-the-moon to host NEAR’s fun-tastic hackathon: Ready Layer One!
    The post Ready Layer One: Ethereum Interoperability is NEAR appeared first on Gitcoin’s Blog. … More

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  • DeFi Platform dForce Hacked for $25M

    dForce – a China-based startup aiming to build a DeFi super network – was hacked for nearly $25M late last night. The attack was on the platform’s lending application, LendF.me, and was found to be using the same basis as the attack that drained Uniswap‘s imBTC/ETH pool the day prior. #DeFi platform @dForcenet has been drained of $24M in capital The loss of funds comes the same week the team closed its $1.5M investment round
    More details to come h/t @defiprime @defipul… … More

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  • imBTC Uniswap Pool Drained for ~$300k in ETH

    Earlier today, we saw the exploitation of a liquidity pool on Uniswap for imBTC – a wrapped version of Bitcoin created by imToken and the Tokelon DEX. Today, the imBTC pool on Uniswap has been attacked & drained. The hacker utilized an attack vector on ERC777 tokens on Uniswap.
    The BTC in custody is not impacted.
    We have paused imBTC transfers for now, are evaluating the situation & will notify when transfers are restored
    — Tokenlon DEX (@tokenlon) April 18, 2020 The exploi… … More

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