Curve Finance: Investigation into sDOLA LlamaLend attack initiated; attacker profits are limited

Odaily Planet Daily reports that Curve Finance announced on X platform that it has initiated an investigation into the sDOLA LlamaLend attack, which is suspected to have caused a loss of approximately $240,000. Preliminary findings suggest that the attack was related to the price oracle mechanism used by sDOLA (possibly influenced by a “donation attack”) and the number of sDOLA tokens not used as collateral in the market. Although the attacker’s profit was relatively limited, the incident highlights the need for stricter handling when using vault collateral assets in LlamaLend. The main impact was on users who borrowed against sDOLA collateral, who were liquidated; lenders who provided funds were not affected. The Curve team is further investigating whether other similar markets might be at risk in the future and is working to ensure that LlamaLend V2 remains secure even when facing vault collateral assets vulnerable to donation attacks, across different market sizes. They are currently evaluating detailed solutions and plan to integrate relevant mechanisms into all future markets that use vault collateral.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

On-chain data platform Nansen launches cross-chain swap functionality

Gate News message, April 6, the on-chain data platform Nansen launched a cross-chain swap feature, enabling users to exchange Base tokens for Solana tokens.

GateNews19m ago

Circle unveils quantum-resistant roadmap for its layer-1 blockchain Arc

Stablecoin issuer Circle has released a post-quantum security roadmap for its layer-1 blockchain, Arc, aiming to implement solutions across all layers of the network’s tech stack. Circle said on Thursday that it is planning a phased implementation, starting with quantum-proof wallets and

Cointelegraph42m ago

PENGU Falls 4.8% as Pudgy Penguins Push New Growth Strategy

PENGU drops 4.8% despite strong Pudgy Penguins ecosystem expansion. New products aim to drive real-world crypto adoption and engagement. Token performance lags behind brand growth and investor expectations. Pudgy Penguins — PENGU, has dropped 4.8%, yet the Pudgy Penguins brand keeps expa

CryptoNewsLand1h ago

Osmosis Update: Cosmos Hub Proposal—Cancel New ATOM Minting and Switch to Market Buybacks

Osmosis DEX updated a Cosmos Hub proposal, deciding not to mint additional ATOM anymore, but instead to gradually acquire the required ATOM through market purchases for OSMO/ATOM conversions. The capped amount is less than 2.5% of the total ATOM supply. It has now entered the governance discussion stage; if the proposal is approved, it will achieve liquidity and governance integration.

GateNews2h ago

Circle L1 区块链 Arc 推出 Arc House 及 Architects 社区计划

Circle L1 blockchain Arc launched Arc House and the Architects plan on April 6. Arc House offers multiple features, covering education, events, and community showcases. The Architects plan, meanwhile, rewards users who contribute through a points system, providing promotions, badges, and exclusive benefits.

GateNews3h ago

Arc releases a quantum-resistant design and roadmap, laying the groundwork for blockchain security in the post-quantum era

Circle L1 blockchain Arc releases quantum-resistant design and a roadmap, aimed at defending against threats posed by quantum computing and ensuring blockchain security. The roadmap covers quantum-resistant wallet signing, private state protection, and infrastructure upgrades, supporting user choice and compatibility with the EVM ecosystem.

GateNews4h ago
Comment
0/400
No comments