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BarnBridge governance attack reportedly causes approximately $776,000 in losses
Odaily Odaily Planet Daily News According to BlockSec monitoring, the BarnBridge SMART Yield cUSDC protocol was attacked on Ethereum, resulting in losses of approximately $776,000, suspected to be a governance attack. The attacker first gained DAO governance rights, then upgraded the SmartYield/controller proxy to a malicious implementation contract. This contract called the _takeUnderlying privileged function of CompoundProvider, utilizing pre-existing USDC approvals from 50 user accounts, and via transferFees, moved the aggregated funds to the attacker.
BarnBridge Smart Yield’s old governance proposals present token approval risks; Proposal 15 expected to be executed on July 16Odaily Odaily Planet Daily News: BarnBridge Smart Yield’s old governance proposals 14 and 15 present token approval risks. If maliciously executed or upgraded, they could jeopardize existing token approvals. Currently, there is no confirmed theft of funds. Users should promptly check and revoke related approvals on Ethereum. Proposal 14 is in an executable grace period, and Proposal 15 has been queued, with on-chain execution expected on July 16 at 09:23:58 UTC. Affected tokens include USDC, DAI, USDT, GUSD, and RAI. Users should use trusted approval management tools, do not click on links in replies or trust accounts claiming to be "support," do not send funds or sign transfers to any addresses, and only revoke approvals through trusted tools.
Odaily星球日报讯 BarnBridge Smart Yield 的旧治理提案 14 和 15 存在代币授权风险,若被恶意执行或升级,可能危及现有代币授权。目前尚未确认有资金被取走,用户需尽快检查并撤销以太坊上的相关授权。提案 14 处于可执行宽限期,提案 15 已排队,链上预计执行时间为 7 月 16 日 09:23:58 UTC。受影响代币涉及 USDC、DAI、USDT、GUSD 和 RAI。用户需使用可信授权管理工具,不要相信回复中的链接或自称“支持”的账户,不要向任何地址发送资金或签署转账,仅通过可信工具撤销授权。
Binance will no longer support withdrawals of airdropped tokens such as TORN/delisted tokens, and will convert some tokens to USDC
Odaily News According to the official announcement, Binance will convert the following token balances into equivalent USDC based on the user's holdings in the Binance wallet at the snapshot time of October 29, 2024 at 08:00 (GMT+8). Binance will convert the following token balances in user wallets into equivalent USDC before 07:59 (GMT+8) on April 29, 2025. After 07:59 (GMT+8) on October 29, 2024, Binance will no longer support the withdrawal of the following airdropped tokens/delisted tokens. Users can withdraw before this time. Affected coins: Vai (VAI) Tornado Cash (TORN) OMG Network (OMG) Waves (WAVES) NEM (XEM) BarnBridge (BOND) Dock (DOCK) Mdex (MDX) Polkastarter (POLS) Pundi X PURSE (PURSE) The exchange rate will be based on the average exchange rate of tokens to USDC from 08:00 on October 29, 2024 to 07:59 on April 29, 2025 (Eastern Time) (hereinafter referred to as the "Exchange Period"). Please note: Binance will update this announcement after completing the above token exchange for USDC and send separate emails to all affected users.
Binance will delist BOND, DOCK, MDX, and POLS
Odaily News According to the official announcement, Binance decided to stop trading and delist the following currencies at 11:00 on July 22, 2024 (Eastern Time 8): BarnBridge (BOND), Dock (DOCK), Mdex (MDX), and Polkastarter (POLS).
Binance.US将于1月18日关闭BarnBridge (BOND) 交易
Odaily星球日报讯 Binance.US官方发布公告宣布 ,BarnBridge (BOND) 的存款服务将于北京时间1月17日10点关闭,此时间之后的BOND存款将不会记入账户,BOND交易将于北京时间1月18日8点关闭,BOND提款将保持开放。每个交易对的交易停止后,所有高级交易订单将自动删除。
Odaily Morning News
1. Boyaa Interactive passed a new proposal to purchase cryptocurrencies of no more than US$100 million; 2. BlackRock held its sixth formal meeting with the SEC yesterday on its spot Bitcoin ETF; 3. Valkyrie met with the SEC to discuss Bitcoin Spot ETFs are being discussed; 4. Akron Energy raised US$110 million, and the funds were mainly used to support U.S. Bitcoin mining companies; 5. Paxos received regulatory approval and will issue USDP in Solana; 6. SEC met with Franklin to discuss Bitcoin Spot ETF talks; 7. Whale investors sold about 50,000 BTC in a week, worth more than 2.2 billion US dollars; 8. Justin Sun: Welcome to cast inscriptions on TRON; 9. BarnBridge DAO founder reached a settlement with the SEC and will be fined US$1.7 million ; 10. People familiar with the matter: The SEC has required spot ETF issuers to submit revised documents before the end of next week; 11. Ikigai Asset Management has sold its $65 million in claims in the FTX bankruptcy case; 12. Pando Asset regarding spot Bitcoin ETFs Submit revised S-1 documents; 13. BlackRock and Hashdex each submitted revised S-1 documents for their spot Bitcoin ETFs; 14. Bloomberg analyst: BlackRock plans to issue a revised S-1 document for its spot Bitcoin ETF on January 3 Spot Bitcoin ETF injects $10 million in seed funding; 15. SEC admits “misleading” behavior in previous encryption cases and apologizes for it; 16. NEAR will launch sharding phase 2 next year; 17. Polkadot will Asynchronous support will be implemented in 2024, and Snowbridge, a cross-chain bridge with Ethereum, will be deployed.
BarnBridge DAO founder reaches settlement with SEC, fines $1.7 million
Odaily News The founder of risk-rated derivatives protocol BarnBridge DAO has agreed to pay more than $1.7 million to settle charges from the U.S. Securities and Exchange Commission (SEC). The settlement is intended to resolve charges brought by the SEC regarding unregistered securities. As previously reported, Douglas Park, the legal counsel of BarnBridge DAO, stated that the SEC is investigating Barnbridge DAO and its related personnel. (fxnews)
BOND breaks through $6.7, hitting a new high this year
Odaily news Coingecko market shows that BarnBridge token BOND exceeded 6.7 USDT, a new high this year, and is temporarily trading at 6.66 USDT, a 24-hour increase of 55.7%. It was reported earlier today that the DeFi protocol BarnBridge community has voted to approve proposals related to authorizing BarnBridge co-founders Tyler Ward and Troy Murray to comply with US SEC orders.
BOND rose nearly 83% in 24 hours, temporarily trading at $6.18
Odaily News CoinGecko data shows that BOND (BarnBridge) is temporarily trading at $6.18, with a 24-hour increase of 82.8%. It was reported earlier today that the DeFi protocol BarnBridge community has voted to approve proposals related to authorizing BarnBridge co-founders Tyler Ward and Troy Murray to comply with US SEC orders. In addition, Binance will launch the BOND 1-50x U-standard perpetual contract at 22:30 today.
Odaily Afternoon News
1. Analysts refute Glassnode data shows continued selling of ETH whales: the data is inaccurate and does not take into account staking factors; 2. The BarnBridge community voted to authorize its founder to comply with the US SEC order; 3. Taiwans Financial Regulatory Commission: The amount involved in JPEX Reaching tens of millions of Taiwan dollars, an interview has been made with endorsement singer Chen Lingjiu; 4. The number of transactions on the Linea ecological social protocol Tomo chain exceeded 40,000, and the agreement fee reached US$83,000; 5. The Compound community voted to “deprecate Compound V2 ( Phase 2) proposal; 6. DWF Labs once again deposited 15 million ORBS to Bithumb, with a total of more than 130 million ORBS deposited to CEX in the past 7 days; 7. Cathie Wood: The Federal Reserve’s policy actions are based on lagging indicators, blockchain Technologies such as these will intensify deflationary pressure; 8. Binance will launch the BOND 1-50x U-standard perpetual contract at 22:30 today; 9. The total trading volume of the crypto market on October 14 was US$26.451 billion, a decrease from the previous day 45.35%; 10. As of March, there have been more than 46,000 illegal virtual asset transactions conducted through credit card companies in South Korea.
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