🏴‍☠️ #PeckShield has tallied up all the hacks for 2023:
- In total, more than 600 major hacks occurred
- Losses totaled $2.61 billion (down 27.78% from 2022)
- $674.9 million was recovered.
- Hacker attacks accounted for $1.51 billion in losses
- Fraudulent schemes accounted for $1.1 billion
- #DeFi protocols accounted for 67% of the total value of stolen assets

Announcing UniLend's Project Updates #35🔥

🏛️August has truly been revolutionary as we ushered in the era of UniLend Governance, unveiled UFTG, and much more!

✨ Brace yourselves for this thrilling recap!

🎥 Watch the full recap: https://youtu.be/F_BXvpBBGnk

📓Read Blog for more details: https://unilend.medium.com/unilend-finance-august-2023-project-updates-35-67304ad2a91a

💫 Major Highlights

• UniLend #Governance is now LIVE🏛️

• Introducing UFTG : PortKey to #Community Governance🪙

• UFTG Smart Contract Successfully Audited by #PeckShield 🛡️

• UniLend Forum is now LIVE on Commonwealth📝

• UniLend Finance is now LIVE on #Binance Feed 📣

🤝 Collaborations & Integrations

• UniLend's Midle Dashboard is now LIVE🌐

• Welcomed SWAGGA into the ecosystem🏪

• UniLend's Permissionless Lending & Borrowing Dapp is now listed on The Dapp List🦉

📣 Community Outreach & Education

• Unraveling the "Governance Odyssey" Series 🧑‍🏫

• A Guide to Create Effective Governance Proposal📚

• Introducing Governance: Giving Power Back to the Community🌍

• Our Marketing & Operations, Ayush Garg joined BullBear AI for Panel Discussion👥

• Celebrated UniLend's Discord launch on Port3 & Win $100 in $UFT 🎁

• Intract x UniLend & Win $100 in UFT ⚔️

• UniLend Finance has now officially landed on Discord👾

• Did you know : UniLend is putting the power back in YOUR hands🔋

💪 Community Initiatives & Updates

• Sarah T.E. Wood: Pride of UniLend July 2023🏅

• Adesina Victor: Shield of Excellence July 2023🎖️

• Salad Ventures joined UniLend for Twitter Spaces | 1000 $SALD Distributed

$UFT

Via #PeckShieldAlert on X
#PeckShield has detected that @rosa_finance has been exploited for ~$44.8K worth of #cryptos

1. **PeckShield's Alerting Concerns:** Cybersecurity firm #PeckShield has voiced apprehensions that notifying users about detected #hacker attacks might inadvertently attract attention to hackers and reveal vulnerabilities in affected #protocols. This could potentially lead to controversies.

2. **Community Vote for #Alert Strategy:** In response, PeckShield initiated a #community vote to gather advice on the best approach for issuing alerts when hacker attacks are identified. The voting options were 'Mark affected protocols +tx,' 'Alert TG seal 911 bot,' 'Publicize hacker +tx,' and 'Only Xeet anonymous hacker.'

3. **Voting Outcome:** The community vote concluded with 66.8% of users favoring the option 'Mark affected protocols +tx.' Meanwhile, 18.4% chose 'Alert TG seal 911 bot,' 9.9% opted for 'Publicize hacker +tx,' and 4.9% preferred 'Only Xeet anonymous hacker.' The outcome underscores the community's preference for a transparent approach to alerting users about hacker attacks.

$BTC $ETH $BNB

- **RocketSwap Hack**: RocketSwap, a decentralized exchange ( #DEX ) on the Base Layer 2 network, suffered a hack resulting in the loss of 471 ETH (valued at $870,000). Security firm #PeckShield identified lapses in security that led to the breach.

- **Causes of Hack**: The hack was caused by a combination of security lapses, including the use of offline signatures in launchpad deployment and storing private keys on a server. These vulnerabilities allowed the attacker to gain access to private keys and carry out unauthorized transactions.

- **Disputed Responsibility**: #RocketSwap denies accusations of a rug pull and claims that a third-party hacker was responsible for the breach. The attacker reportedly conducted a brute force attack on the project's cloud server, enabling them to extract private keys and steal assets from the yield farm.

- **Similar Incidents on Base Network**: This incident is not isolated, as there was a previous security lapse on the Base network involving LeetSwap, a decentralized exchange, resulting in a $630,000 loss on July 31.

- **Asset Transfer and #Memecoin Creation**: Following the hack, the perpetrator moved the stolen assets to Ethereum and created a memecoin called LoveRCKT. This token was paired with 400 ETH liquidity on Uniswap, and its price surged initially but later dropped by over 90%.

- **Implications**: The RocketSwap hack highlights the ongoing #security challenges faced by decentralized exchanges and platforms in the cryptocurrency space. Investors and users are reminded of the importance of due diligence and caution when using such platforms, as security vulnerabilities can lead to significant financial losses.

$ETH $PEPE $SHIB

Onyx Protocol loses almost $2 million in ETH to an exploit, revealed by PeckShield. As of now, the Onyx team has not released a statement about the incident.

#Onyx $ETH #EthereumTheft #PeckShield

https://blockchainreporter.net/onyx-protocol-exploited-peckshield-reports-2m-ethereum-theft/

#ChibiFinance users lose more than $1 million

#Blockchain security firm #PeckShield reported that Chibi Finance stole more than $1 million in cryptocurrencies from users. The developers reportedly performed a #RugPull

Later, the developers used #TornadoCash to funnel the funds. They have also abandoned their social media presence, making it difficult for the community to communicate with and question them.

Incidents where the core project team steals user funds and disables their online presence are called rug pulls.

UFTG Smart Contract Successfully Audited by PeckShield, a renowned blockchain security firm⚡️

💪Our topmost priority is the security of our ecosystem users. Our commitment to robust #security measures remains unwavering!

🗓️ Join us on September 4th for an exciting #Governance journey, fostering secure community empowerment!

Thank you #PeckShield for giving our community an assured future!

$UFT

UniLend, a decentralized finance platform, understands the paramount importance of security in the #Crypto space.

To reassure users and bolster confidence, the platform took proactive measures by subjecting its smart contracts to thorough audits conducted by reputable cybersecurity firms, #PeckShield and #SlowMist

These firms are well-known for their expertise in smart contract auditing, providing a comprehensive assessment of #UniLendFinance codebase to identify and mitigate potential vulnerabilities and exploits.

The successful completion of these audits serves as a testament to UniLend's dedication to transparency and security, reassuring users of the platform's robust security posture and fostering a sense of trust within the community.

By prioritizing security and undergoing such audits, #UniLend demonstrates its commitment to safeguarding user funds and maintaining the integrity of its platform.

Get Further Details ⤵️
https://unilend.medium.com/a-deep-dive-into-unilend-v2s-security-c1b95d2439f5

#UFT #unilendV2 #DeFi #Web3 $UFT