Cointime

Cointime

Download App
iOS & Android

Polygon-Based DeFi Protocol 0VIX Targeted in $2 Million Attack

Cointime Official

Decentralized finance (DeFi) protocol 0VIX has been the target of a recent attack, resulting in a loss of approximately $2 million. Web3 security auditor Hacken shared the details of the attack on Twitter, providing the transaction ID of the exploit. The stolen tokens include USDC, USDT, and GHST.

In response to the attack, 0VIX has paused its POS and zkEVM markets, including oToken transfers, minting, and liquidations. While only POS has been affected so far, zkEVM has been paused as a precaution and is expected to be enabled again soon. The protocol is working with its security partners to investigate the situation, and further communications will follow shortly.

About 0VIX

0VIX is a Decentralized Finance (DeFi) liquidity market protocol, built on Polygon. The 0VIX protocol enables users to effortlessly lend, borrow and earn interest with their digital assets. Depositors providing liquidity to the protocol may earn passive income, while borrowers are able to borrow using over-collateralization.

Polygon DeFi
Comments

All Comments

Recommended for you

  • BTC Surpasses $79,000

    Market data shows that BTC has surpassed $79,000, currently priced at $79,066.69, with a 24-hour decline of 1.91%. The market is experiencing significant volatility, so please ensure proper risk management.

  • BTC Surpasses $79,000

    Market data shows that BTC has surpassed $79,000, currently priced at $79,066.69, with a 24-hour decline of 1.91%. The market is highly volatile, so please ensure proper risk management.

  • Jack Ma Increases Stake, Buying Over HKD 600 Million in Alibaba's Hong Kong Stocks

    According to sources speaking to the Science and Technology Innovation Board Daily on the 25th, as Alibaba initiates a placement financing, Alibaba founder Jack Ma has been continuously increasing his stake in Alibaba's Hong Kong stocks, with the total amount exceeding HKD 600 million, expressing strong confidence in Alibaba's AI prospects.

  • Jack Ma Increases Stake, Buys Over HKD 600 Million in Alibaba Shares

    According to sources speaking to the Science and Technology Innovation Board Daily on the 25th, as Alibaba initiates a placement financing, Alibaba founder Jack Ma has been increasing his stake in Alibaba's Hong Kong shares for several consecutive days, with the total amount exceeding HKD 600 million, expressing strong confidence in Alibaba's AI prospects.

  • BTC Falls Below $79,000

    Market data shows that BTC has fallen below $79,000, currently priced at $78,993.01, with a 24-hour increase of 1.85%. The market is experiencing significant volatility, so please ensure proper risk management.

  • BTC Falls Below $79,000

    Market data shows that BTC has fallen below $79,000, currently priced at $78,993.01, with a 24-hour increase of 1.85%. The market is experiencing significant fluctuations, so please ensure proper risk management.

  • BTC Falls Below $80,000

    Market data shows that BTC has fallen below $80,000, currently priced at $79,983.76, with a 24-hour increase of 3.33%. The market is highly volatile, so please ensure proper risk management.

  • BTC Drops Below $80,000

    Market data shows that BTC has dropped below $80,000, currently priced at $79,983.76, with a 24-hour increase of 3.33%. The market is highly volatile, so please ensure proper risk management.

  • Hyperliquid Policy Center Urges US SEC and CFTC to Adopt Unified Perpetual Contract Framework

    On August 25, the Hyperliquid Policy Center (HPC) submitted comments to the US SEC and CFTC, stating that the two agencies have been striving to find answers regarding the classification of perpetual contracts over the past year. HPC believes that perpetual contracts for stocks, which possess traditional features of futures contracts, can be classified as securities futures. HPC urges the US SEC and CFTC to establish a unified classification system for perpetual contracts, based on the characteristics of each contract and its trading methods, grouping similar products together regardless of whether they reference Bitcoin, crude oil, or individual securities. HPC calls for the US SEC and CFTC to take the following four actions: 1. Confirm that the definition of securities futures includes the established features of futures contracts, allowing cash-settled stock perpetual contracts with these features to be listed as securities futures. 2. Retain the flexibility that trading venues currently have in making product listing decisions. 3. Maintain consistency in classification between the two agencies so that perpetual contracts, regardless of the underlying asset, receive the same threshold classification. 4. Modernize the securities futures framework to revitalize the category and adapt to new product structures.

  • Hyperliquid Policy Center Urges Unified Perpetual Contract Framework from US SEC and CFTC

    On August 25, the Hyperliquid Policy Center (HPC) submitted comments to the US SEC and CFTC, stating that both agencies have been working over the past year to find answers regarding the classification of perpetual contracts. HPC believes that perpetual contracts for stocks, which possess traditional characteristics of futures contracts, can be classified as security futures. HPC urges the US SEC and CFTC to establish a unified classification system for perpetual contracts, based on the characteristics of each contract and its trading methods, grouping similar products together regardless of whether they reference Bitcoin, crude oil, or individual securities. HPC calls for the US SEC and CFTC to take the following four actions: 1. Confirm that the definition of security futures includes the established characteristics of futures contracts, allowing cash-settled stock perpetual contracts with these characteristics to be listed as security futures. 2. Retain the flexibility that trading venues currently have in product listing decisions. 3. Maintain consistency in classification between the two agencies so that perpetual contracts, regardless of the underlying asset, receive the same threshold classification. 4. Modernize the security futures framework to revitalize the category and adapt to new product structures.

Daily Must-Read

Popular Activities

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

April 30 - April 30
Dubai

Popular Tags

Cointime
News
Contents
RSS
Company