Olympus DAO Hacked for 30,000 OHM Worth $300,000, Perpetrator Returns Funds Within Hours

October 21, 2022 The Daily Hodl

Olympus DAO Hacked for 30,000 OHM Worth 0,000, Perpetrator Returns Funds Within Hours

Altcoins

The hacker who exploited an Olympus DAO (OHM) smart contract for $300,000 worth of assets is already returning the stolen funds. According to blockchain security analytics firm PeckShield, an error in one of Olympus DAO’s smart contract bonds resulted in a $292,000 exploit earlier today. “It seems the related OlympusDAO’s BondFixedExpiryTeller contract has a redeem() […]

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‘Globalist Power Is No Longer a Moral Authority’: Amir Taaki Responds to Samourai Charges

Hacker Siphons Close to $300K in OHM Tokens From the Olympus DAO

October 21, 2022 Bitcoin.com

Hacker Siphons Close to 0K in OHM Tokens From the Olympus DAO

89% down

On Friday, October 21, a malicious entity siphoned 30,437 OHM tokens from the Olympus DAO after finding a loophole in the rebase project’s smart contract. Following the exploit, the blockchain security and data analytics company, Peckshield, detailed the hackers stole close to $300K in OHM tokens. Hacker Exploits Smart Contract’s ‘BondFixedExpiryTeller’ Parameter, $292,000 in OHM […]

‘Globalist Power Is No Longer a Moral Authority’: Amir Taaki Responds to Samourai Charges

Despite the Crypto Market Downturn, DAO Treasuries Grew by $700 Million Since January

October 1, 2022 Bitcoin.com

Despite the Crypto Market Downturn, DAO Treasuries Grew by 0 Million Since January

$700 million

Since January 2022, the entire crypto economy has shed $1.36 trillion in value, as the market capitalization dropped from $2.34 trillion to today’s $979 billion. While the crypto economy is down in value, trade volumes are lower, and the value locked in decentralized finance (defi) has shed billions, treasuries held by decentralized autonomous organizations (DAOs) […]

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Terra Proposal Seeks to Expand UST Stablecoin to 5 Different Defi Protocols

January 10, 2022 Bitcoin.com

Astroport

On January 6, Terra Research announced a proposal to expand the network’s stablecoin asset terrausd (UST) across a number of different protocols on Polygon, Ethereum, and Solana. Terra’s governance blog post discusses how the proposal to leverage $139 million of UST can bolster “awesome use-cases” in the world of decentralized finance (defi). Terra Research Proposes […]

‘Globalist Power Is No Longer a Moral Authority’: Amir Taaki Responds to Samourai Charges

OlympusDAO Fork Snowdog Hit By 90% Crash

November 26, 2021 The Crypto Briefing

Source: Crypto Briefing Go to Source Author: Timothy Craig

‘Globalist Power Is No Longer a Moral Authority’: Amir Taaki Responds to Samourai Charges

An In-Depth Look at Olympus DAO Protocol and the Not-So-Stable Stablecoin OHM

November 1, 2021 Bitcoin.com

bitcoin.com

In mid-October, Bitcoin.com News reported on how decentralized finance (defi) or algorithmic stablecoins have seen significant demand in 2021. One particular stablecoin called OHM is quite different from the traditional reserve currency defi protocols today, as OHM is a free-floating currency backed only by what’s held in the Olympus DAO treasury. OHM may not be […]

Olympus DAO