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YAM Finance faces governance takeover attack, attacker submits empty proposal aiming to control Timelock
Odaily News: According to Defimon monitoring, YAM Finance has suffered a governance takeover attack. The attacker self-delegated approximately 504,000 YAM tokens, accounting for about 3.3% of the total supply, slightly above the legal voting threshold, and subsequently submitted proposal #45 to YamGovernorAlpha. The proposal description is empty and only contains an operation to call the setPendingAdmin method of the YAM Timelock contract, redirecting permissions to the attacker's address. If the proposal passes and is executed, the attacker will become pendingAdmin and can then fully control the Timelock through acceptAdmin, thereby gaining administrative access to all YAM protocol contracts and the DAO treasury, involving a risk amount of approximately $337,000. As the YAM protocol is currently in a dormant state, Defimon Alerts reminds YAM holders to vote against this proposal before block height 25897343, with approximately 34 hours remaining until that block.
Yala's stablecoin YU is experiencing suspicious activity similar to USDX, with related addresses lending USDC at extremely high interest rates but failing to repay.
Odaily Planet Daily reports that DeFi community member YAM posted on X that they have observed dangerous signs regarding the Yala stablecoin YU. An address closely associated with Yala is borrowing the full amount of USDC and most of the YU from the Yala Frontier market on Euler, and despite persistently high interest rates, has not made any repayments. Currently, the market's liquidity utilization has reached 100%, meaning lenders are unable to withdraw any liquidity. The Euler team has also set the lending limit for the Yala market on Frontier to zero. It is understood that the Yala team has not yet responded to inquiries from the Euler team or Discord community users. YAM added that YU is currently still pegged to the exchange rate on Solana, and its liquidity pool still has nearly one million USDC available for exit at the pegged price. This article is more of a risk warning, and we are not yet sure whether Yala is really in trouble.
3 hours ago Yamster.eth sold 6.4 billion Terminus tokens for 31.22 ETH
Odaily News According to Lookonchain monitoring, 3 hours ago, yamster.eth sold 6.4 billion Terminus and obtained 31.22 ETH, equivalent to US$826,000. It is reported that yamster.eth made US$151,800 (306 times) on Terminus and US$837,000 (355 times) on TERMINUS. It currently holds 2 million TERMINUS (US$836,000) and 4 billion Terminus (US$697,000).
Ingonyama completes US$21 million in seed round financing, led by IOSG Ventures and others
Odaily News Ingonyama, an innovative company focused on accelerating and popularizing zero-knowledge proof technology, completed a US$21 million seed round of financing, led by IOSG Ventures, Geometry and Walden Catalyst Ventures. IOSG Ventures is committed to supporting projects with breakthrough progress in ZK technology innovation and application development, and will reach a long-term partnership with Ingonyama to focus on broader ZK technology development. Ingonyama is currently focused on improving the capabilities of zero-knowledge proofs (ZKP) through the product ICICLE. ICICLE is capable of accelerating ZKP calculations on GPUs and aims to make ZKP faster, more accessible, and affordable. In the future, Ingonyama plans to continue to develop and optimize ZKP technology and expand its application scope, not only in the blockchain field, but also in more industries that require a high degree of privacy and security. At the same time, establish a wider range of developers to promote the popularization and application innovation of ZKP technology.
Siya, the first AI ecological project incubated by Realy, is about to issue Siyamate NFT
Odaily News According to the latest news, Siya, the first AI ecological project incubated by Solana ecological project Realy, is about to issue Siyamate NFT, with a total of 3,000 NFTs issued. 20 NFTs will be distributed in the first round of Orca staking (airdrop), and 980 NFTs will be released in the whitelist pre-sale round. 2,000 NFTs will be issued in the incubation round. The pledge round snapshot time is scheduled at 08:00 on January 13, 2024 (UTC), and the end time is 08:00 on January 22, 2024 (UTC). Siya is committed to building a high-quality AI companion platform in RealyMetaverse. The product is currently open for testing.
Crypto chip company Ingonyama completes $20 million in seed round financing, led by Walden Catalyst
Odaily News Semiconductor company Ingonyama announced the completion of a US$20 million seed round of financing, led by Walden Catalyst, with participation from Geometry, BlueYard Capital, Samsung Next, Sentinel Global, etc. It is reported that the products of many participating companies rely heavily on zero-knowledge proof technology, including the Israeli company StarkWare. It is reported that Ingonyama’s first chip is a programmable parallel computing processor similar to a GPU, but designed to accelerate advanced encryption, specifically for zero-knowledge proofs and fully homomorphic encryption. Until the chip is ready, the company is developing open source software on GPUs to run the same cryptography efficiently. (CTech)
Crypto wallet Yamgo supports staking on Hedera via Ledger hardware wallet
Odaily星球日报讯 基于Hedera的加密货币钱包和奖励应用程序Yamgo今天宣布对其Web应用程序进行重大更新,使用户能够使用Ledger硬件钱包参与Hedera原生质押。 新的质押功能允许用户通过在Ledger硬件钱包中持有HBAR来获得奖励,在此过程中支持Hedera网络。(PR Web)
Yam Finance has opened the YAM redemption service, which will last until April
Odaily星球日报讯 Yam DAO发推称,已上线YAM赎回网站,YAM持有者现可从财库赎回其YAM,赎回将开放至2023年4月。赎回期过后Yam DAO将继续作为DAO运作,所有人均可自由参与。
Huo will delist 33 currencies such as ABT, IRIS, IOI
Odaily星球日报讯 官方公告显示,火必将于2023年1月16日16:00停止ABT、ATP、APN、AST、DIE、DHT、DFA、EDEN、GEAR、HC、INDI、IOI、INV、IRIS、GCOIN、GOF、KMA、MTA、NAS、OPUL、PEARL、PRIMATE、QASH、SMT、SLC、SKU、SOC、STC、TALK、VALUE、WHALE、WILD和YAM的交易,并实施下架处理;原因是这些代币触犯了《火必通证管理规则》。
Odaily Evening News
1. CryptoQuant:当大量USDC流入交易所时,比特币的下一轮牛市可能开始; 2. Binance、FTX等25家加密公司入围CB Insights 2022 Fintech 250榜单; 3. 星展银行将通过APP向财富管理客户推出自助式加密货币交易功能; 4. Beosin:Jumpnfinance项目发生Rugpull,被盗金额约115万美元; 5. Yam DAO正在考虑关闭项目并将资金库分配给代币持有者; 6. 七只“无聊猿”BAYC被盗,总价值超70万美元; 7. Solana生态NFT项目DeGods更新为0版税; 8. Beosin:Xave Finance遭黑客攻击,已导致RNBW增发1000倍; 9. 萨尔瓦多总统:大多数精英人士害怕萨尔瓦多参与的比特币实验成功; 10. 上海:加快工业元宇宙创新应用,加快区块链等技术在制造业领域的深度拓展。
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