Cryptocoins News / The Cointelegraph - 7 months ago
The attacker started returning stolen funds after accepting a bug bounty of almost $7 million. Lending platform Alchemix has announced the return of all stolen funds b...
More / Etherum Reddit - 7 months ago
https://cointelegraph.com/news/connext-alchemix-cross-chain-token-standard-reduce-bridge-exploit-losses?s=09 Alchemix has adopted this new token standard, claiming that it will eventually help reduce bridge exploit losses by allowing token issuers t...
Cryptocoins News / EthereumWorldNews - 7 months ago
The Curve Finance team confirmed contact with the Alchemix alETH pool exploiter via on-chain messages.Curve, Metronome, and Alchemix previously asked the exploiters to return 90% of the drained funds for a 10% bounty in return.An address holding ass...
Cryptocoins News / The Cointelegraph - 7 months ago
The exploit on July 30 resulted in the theft of roughly $70 million in cryptocurrencies, bringing the bounty close to $7 million. Decentralized finance (DeFi) platform...
Cryptocoins News / CoinJournal - 8 months ago
Alchemix and Connext say the new token standard will benefit token issuers.
DeFi bridges suffered exploits that saw over $2 billion stolen in 2022.
Multichain bridge, which recently announced it was ending operations, is among those to be drained th...
Cryptocoins News / The Cointelegraph - 8 months ago
The two protocols will implement a standard for issuers to control the “canonical” minting of tokens, helping to reduce losses from unofficial bridges. The Connext cro...
More / Etherum Reddit - 2 years ago
We provide over 100+ FREE crypto articles on our SubStack! :D (Link on our profile). This is not financial advice. TLDR: Alchemix is one of the leading stablecoins in anchoring $alUSD to a stablecoin, specifically $DAI. Whereas $DAI is minted by coll...
Cryptocoins Exchanges / Coinbase - 2 years ago
Alchemix (ALCX), Ethereum Name Service (ENS), Gala (GALA), mStable USD (MUSD) and Power Ledger (POWR) are launching on Coinbase ProStarting Today, Monday November 15, transfer ALCX, ENS, GALA, MUSD and POWR into your Coinbase Pro account ahead of tra...
More / Etherum Reddit - 2 years ago
We provide over 100+ FREE crypto articles on our SubStack! :D (Link on our profile) TLDR: There is a use case for Alchemix users to borrow stablecoins from their collateral. However, the comparison to MakerDAO in the example might not be a g...
Cryptocoins News / The Cointelegraph - 2 years ago
The first-ever “reverse rug” has a surprising compensation plan, and the largest protocol in DeFi ponders growth. After close to a month of consulting with industry...
Cryptocoins News / The Cointelegraph - 2 years ago
In an unusual twist for the latest DeFi exploit, the users were the ones to walk away in profit. It’s as miraculous as Aladdin taking off on a magic carpet: in a poss...