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Vestnik Defi: the arrest of the developer Tornado Cash and the launch of the third version of Compound


Oct 14, 2022

Vestnik Defi: the arrest of the developer Tornado Cash and the launch of the third version of Compound

The decentralized finance sector (Defi) continues to attract increased attention of cryptocurrency investors. FORKLOG collected the most important events and news of the last weeks in digest.

The main indicators of the Defi segment

The volume of blocked funds (TVL) in Defi Protocols fell to $ 59.08 billion. The leader became MakerDao with an indicator of $ 7.96 billion, and the second and third lines of the rating hold LIDO ($ 6.9 billion) and AAVE ($ 6.2 billion), respectively.

TVL in Ethereum applications fell to $ 33.68 billion. Over the past 30 days, the indicator has decreased by 2% (July 27 was $ 34.41 billion).

The volume of trading on decentralized exchanges (DEX) over the past 30 days amounted to $ 54.3 billion.

Uniswap continues to dominate the non -keastodial exchanges market – it accounts for 69.3% of the total turnover. The second DEX in terms of bidding – Curve (11.9%), the third – Dodo (6.2%).

The Tornado Cash mixer fell under US sanctions, and its developer was arrested

On August 8, OFAC included the Tornado Cash website, as well as related to it 39 Ethereum- and 6 USDC addresses. According to the agency, since the creation of the service in 2019, with its help, attackers laundered cryptocurrency worth more than $ 7 billion. Part of the funds is associated with the North Korean hacker group Lazarus Group.

Circle has blacklisted the USDC address of the Mixing Service Wallets.

Infrast and Alchemy infrastructure platforms blocked RPC questions for Tornado Cash. UNISWAP non -castodial exchange also closed access to its platform for a number of relevant addresses. Similar measures were taken by Dydx.

On August 12, law enforcement officers of the Netherlands arrested the developer Tornado Cash on suspicion of involvement in money laundering and concealing https://gagarin.news/news/d-central-conference/ criminal financial flows through a mixer. It later became known that we are talking about 29-year-old pepper.

The actions of the authorities caused a resonance in a global crypto community, concerned about an attack on the sphere with open source. The rally was held in Amsterdam in support of Pertsev, the founder of Cardano Charles Hoskinson and other eminent participants in the industry performed in defense of Tornado Cash developers.

On August 24, it became known that the Netherlands court left Pertsev under arrest and established a 90-day period during which the first hearing should take place in the case.

Later Fortune, citing a report to the analytical company Kharon, said Pertsev previously worked in a company related to the Federal Security Service of the Russian Federation (FSB). The wife of the developer Ksenia Malik denied his involvement in the Russian special services.

The hacker unsuccessfully attacked the Rainbow Bridge cross-bridge and lost 5 ETH

The Rainbow Bridge cross-bridge successfully repelled the attack of an unknown hacker, which he undertook on August 20.

The attacker sent a fabricated NEAR block, for which it took a deposit of 5 ETH. According to CEO Aurora Labs Alex Shevchenko, the unknown expected that on Saturday morning, it would be difficult for developers to react to the attack.

The system automatically rejected the fabricated unit 31 seconds after sending the transaction. As a result, the hacker lost his deposit, users’ funds were safe.

Nomad offered NFT hackers for the return of stolen funds

Hackers who are behind the hacking of the NOMAD cross-protocol for $ 190 million offered NFT as an incentive for a return of more than 90% of the derived funds.

Exclusive NFT, which depicts the White Hat of the Wizard, offers the Metagame project. The taken can only release the assets of the cracker, thus moving into the category of white hackers – White Hat .

Unknowns hacked the crosschain-protocol on August 2. Attackers used vulnerability in a smart contract, which allowed unauthorized to withdraw funds.

Compound launched the third version of Defi Protocol

On August 16, the Landing project Compound announced readiness to launch the third version of the protocol called Comet.

According to the developers, the update marks the transition of the platform to the multi-minute approach.

Kevin Cheng, senior engineer-programmer Compound Labs, noted that the first implementation of Comet will be the USDC stabelcoin market. Then the support of five crypto acts will be added, also available as a collateral: WBTC, Weth, UNI, Link and Comp.

On August 24, a decentralized autonomous organization standing for the development of the project decided to launch a new version. August 26, developers announced the activation of Comet.

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