Fly Updates(prev. Magpie Protocol) – Telegram
Fly Updates(prev. Magpie Protocol)
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Fast, user-friendly cross-chain swaps. Choose your tokens, your chains, and click swap.

Telegram: t.me/fly_protocol
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Attention: Warning about Scammers!

To all users with any approval and funds in their wallets should remove their approvals to Magpie contracts now.

Please take immediate action to revoke the approval by visiting https://revoke.cash.

We are actively assessing the scope of the exploit and will provide a comprehensive post-mortem update soon.


Magpie Contract Addresses(to be revoked)👇

Ethereum 0xcf32c5bb41f7a302298a2d2072155800871baad3

Polygon 0xcf32c5bb41f7a302298a2d2072155800871baad3

BSC 0xcf32c5bb41f7a302298a2d2072155800871baad3

Avalanche 0x746b0ca3762e229d4dcbd22b4a10906aa788d396

Arbitrum 0xcf32c5bb41f7a302298a2d2072155800871baad3

Optimism 0xcf32c5bb41f7a302298a2d2072155800871baad3

Polygon zkEVM 0x59b37ed62599f3d2f9a593be0153ef08702cb370

Base 0x6a1431bb23e08e3209dae3130b441863855fc14b

zkSync 0x5fe556bcf5fc7db6e075ca6f4cd4f8bbee2a3e54

Blast 0x956df8424b556f0076e8abf5481605f5a791cc7f

Blast 0x956df8424b556f0076e8abf5481605f5a791cc7f
Fly Updates(prev. Magpie Protocol) pinned «Attention: Warning about Scammers! To all users with any approval and funds in their wallets should remove their approvals to Magpie contracts now. Please take immediate action to revoke the approval by visiting https://revoke.cash. We are actively assessing…»
We have been investigating an exploit of the MagpieRouterV2 contract and have locked the contract and the dApp to prevent further loss. User approval amount on Magpie contract is no longer a concern.

Immediate Updates:
• ~$129k have been stolen from 221 wallets.
• Exploit has been identified and changes have been implemented to restrict any further exploitation.
• Funds are now SAFU.
• No further action needed from users.
• Post mortem report coming soon.
• Compensation Plan for Affected Users will follow shortly.
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Important Announcement: Magpie Protocol Smart Contract Vulnerability Post Mortem

Dear Magpie Protocol Community,

We've conducted a thorough post-mortem analysis on the recent smart contract vulnerability. Here's a brief overview:

- $129k was stolen from 221 wallets.
- We've fixed the exploit and tightened security measures to prevent future incidents.
- We have just recently sent our reimbursements to all of the affected wallets
- No action is required from users at this time. We'll notify you when the app goes live again.

Read the full report for detailed insights: Magpie Protocol Smart Contract Vulnerability Post Mortem

Your understanding and continued support are invaluable to us. Stay tuned for further updates!
📣 We're thrilled to announce our app is live again, featuring significant security enhancements. We understand the importance of addressing vulnerabilities, and we've taken steps to prevent similar issues in the future.

🚨 A security audit is currently underway on our new contract by QuillAudits, a leading blockchain security company, verifying the security and correctness of our smart contracts and blockchain-based protocols. They gave us an initial feedback that we can proceed to release the fixed version.

Stuck funds in pending transactions are now accessible, so users can swap them out - If you experience any issue, please let us know here:https://support.magpiefi.xyz/
For detailed information on the compensation process, head over to our blog: https://medium.com/@Magpieprotocol/magpie-protocol-smart-contract-vulnerability-post-mortem-f6400db0a25e
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🙏 A huge thank you to our incredible community for your patience and understanding. Your support is what fuels us! If you have any questions or concerns, feel free to reach out to us through our official social media channels: https://www.magpiefi.xyz/
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Important Magpie Mafia Update!

We're excited to share a much requested and important update with our community today.

1. Starting today 17th May 2024, any wrapping and unwrapping activity will no longer contribute to gaining XP in Magpie Mafia and upcoming campaigns. This change will take effect from this point forward.

2. All volume generated by users up to this point will remain valid and not be removed. Even if you've done wrapping and unwrapping in the past, your XP within the Magpie Mafia will stay the same for swaps done in the past.

This is a step towards rewarding our loyal Magpie users. In addition to the above, we're working on a very fair airdrop algorithm, which will be announced soon. Thank you for your feedback & support and we hope to see you all rising in the Magpie Mafia ranks!
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📣 Exciting Updates!

Today, as well as each week moving forward, we will be sharing updates on what the team has been working on. We want to keep our promise of being more transparent with our community and we're excited to to share the status of things we're working on.

1️⃣ New Chain Launches🔗
This month, we've launched four new chains: zkSync, Blast, Scroll, and Manta. We're kicking off with a campaign to reward our community for Manta Network, with more campaigns for other chains coming soon!

2️⃣Manta Leaderboard Campaign🥇
Next week, we're launching a campaign with an exciting prize pool in partnership with Manta Network! Stay tuned to our socials for more info.

3️⃣ Magpie Mafia XP System Update🦅
We've updated our XP system and stopped giving XP for wrapping and unwrapping tokens, based on community request. XP earned in the past will stay, but moving forward, wrapping and unwrapping will no longer count.

4️⃣ Lightmode💡
Another requested feature, light mode for our dApp is being worked on! Brighten up your crypto trading!

5️⃣ Quill Audits Progress 🔏
Our auditing by Quill Audits is in its final stages with super positive feedback so far. Completion is expected in the next few weeks.

6️⃣ Consensus Attendance🫂
The Magpie team will be at Consensus. We will be both attending side events and speaking at a few, so stay tuned for more details!

7️⃣ Cube3AI & Web3Shield Integration 🛡
Integration of Cube3AI and Web3Shield into Magpie’s system for anomaly detection are in their final testing stages and should be up and running soon. We will use them with our Magpie Intents with a backend level integration.

8️⃣ Magpie Explorer🌐
We are finalizing our explorer page and will announce it's release on our socials!

Thanks for being a part of the community and be sure to stay connected to our socials for more updates!
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GM Birds! 👋

Want to know about Magpie's path forward in regards to making the app safer? 🛡️

Come and read our new article, it goes over how our exploit and response compares, how it happened, and what we're doing to make sure Magpie is secure moving forward.

Check out our blog!
https://medium.com/@Magpieprotocol/magpie-protocol-charting-a-secure-path-following-exploit-c7046d9fc3ca
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Attention birds! 📢

We're about to lift-off and headed to #Consensus2024 by CoinDesk in Austin, Texas from May 29-31, 2024!

It's the biggest crypto & Web3 event around - don't miss it!

🤝 Join us and gather the latest news, insights & connections for your nest.

Shoot @adityaadoteth a DM to schedule a meet. See you in Austin!
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What's up birds? 🫡

Are you ready to fly? how about ready to blast off?

We've integrated Blast, the only L2 with native yield for ETH and stablecoins!

Before you go swappin, we've got a bit more info on them below👇
https://twitter.com/magpieprotocol/status/1793671950637936960
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Birds! We've got an amazing announcement for you all today! 📢

The community asked for it, and the birds delivered 🫡

🚨 Magpie has integrated Manta Network!

To celebrate, we're launching a campaign with Tide Protocol, with 2000 $MANTA tokens as the prize pool!

Swap on #MantaPacific for the next 14 days to try and earn yourself a reward 💸

Check out the link below to join in on the fun!👇
https://www.tideprotocol.xyz/users/campaign/0611abf1-7249-4964-a6b1-2c6432f0d716
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🐦 What's up birds?

Have you ever wished you could trade more often and not just HODL?

Today we've got some ALPHA for you!

How's that related to Magpie? Check out our blog post:

https://medium.com/@Magpieprotocol/todays-alpha-6ba6364bcf3f
Good evening birds!

We're excited to announce that Dr. Ali Raheman, our founder Dr. Eagle, will be speaking at Abstract Austin tomorrow, 29th May at 1:10 PM CDT

Come and join us to learn about how Magpie’s product is building towards chain abstraction.

📅 Check here for the event details: https://lu.ma/abstract-austin
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GM Birds! 🫡

May was an eventful month at Magpie so we've got a quick rundown for you all on what we've done.

Head over to our thread for all the updates! 👇 https://twitter.com/magpieprotocol/status/1797636233939783920
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We're excited to announce the integration of Scroll, the high-performance L2 network built by Ethereum developers. 🤝

This means faster swaps, lower fees, and all the security of Ethereum for Magpie users! 🫡

Know more: https://twitter.com/magpieprotocol/status/1798022111799242894
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