Out of an abundance of caution we've removed a good amount of the protocol controlled liquidity from frxETH-ETH pool to protect the protocol. The peg is fine and everything is solvent. We will periodically swap into the Curve pool to keep the frxETH peg tight…

Here's the addresses and ~$ values I have for today's jpegd / vyper / curve carnage

Looking like ~$70m as of now?

Lots of whitehat activity + automated MEV bots though, so it'll be interesting to see what was taken by intentionally malicious operators vs…

[samkazemian 1 / 4] Just to update on this, we've also removed AMO liquidity owned by the protocol in FRAX3CRV, FRAXUSDC, and FRAXUSDP out of an abundance of caution. We will add it again in the next 48 hours after we've done our own independent analysis…

~$300M from reentrancy attacks out of $6.76B total value hacked (TVH) 🫡

Source: @DefiLlama

As a result of an issue in Vyper compiler in versions 0.2.15-0.3.0, following pools were hacked:

crv/eth
aleth/eth
mseth/eth
peth/eth

Another pool potentially affected is arbitrum’s tricrypto. Auditors and Vyper devs could not find a profitable exploit…

The $BALD deployer (0xccF) pulled of a very profitable strategy, making ~$5M in profit, capitalizing on the degeneracy of the market.

Total amt bridged: 9485 $ETH
Onchain balance now: 12059 $ETH
Profit = 2574 $ETH

Here's how he did it, a thread.

🧵0/x

Some clarity on what mich is doing to save his fraxlend borrow

Process:
- Created a crv lp pool where users can provide liquidity between crvUSD and frax deposited in fraxlend crv pool
- Used his crv to ensure it gets rewards in crv
- Depositors now get…

Seems like @justinsuntron got a different OTC deal

While the other $CRV sold were sent to 0xf51, presumably on a 6-month lock (see QT), Justin's $CRV was sent directly to him instead.

https://t.co/h7fOviZJkF