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Showing posts from December, 2020

Chengdu Lian'an: Considering DeFi from the balancer event

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Since 2019, DeFi has gradually turn into a hot spot for blockchain, and a lot of funds have begun to flood into various DeFi projects. Since the Synthetix project emerged, DeFi projects have sprung up in people's sights. Nevertheless , with the continuous development of DeFi, the security dilemmas of DeFi projects have grown to be increasingly more urgent. In the recent event that Balancer was attacked, the attacker used the loophole developed by the combination of Balancer's fund pool and deflationary currency to steal $500, 000 in the fund pool. Less than twenty four hours later, the balancer was attacked again. The attacker used Compound's "borrowing is mining" feature to steal unclaimed Comp coins from the fund pool. For the initial attack, we have already analyzed it before, and interested friends can move (). About the 2nd attack, mcdougal thinks that the attacker's behavior is somewhere between squeezing wool and an illegal attack, and can not say that