CertiK: Euler Finance Hacked for 41M $DAI in Flashloan Attack

As defined by one of the market-leading listings platforms, CoinMarketCap, a rug pull is a “malicious manoeuvre in the cryptocurrency industry where crypto developers abandon a project and run away with investors’ funds. The version 2 smart contract has now been fully audited by Certik, provides an improved user experience compared to the previous version 1, and is being prepped to go live. It includes features like more streamlined asset management, complicated coding functions, new security protocols and token deflation mechanisms which makes it easier for users who utilize services provided by Aeterna dApps. All new users will exclusively be dealing with the new Version 2 Smart Contract, while existing users will only pay gas fees during token transfers and in order to use their tokens within a dApp. After the huge successes of 2021, in which almost every coin broke through to reach new all-time highs, it is not a surprise that many people are rushing to create new projects. Some developers will take advantage of the lack of knowledge that some potential investors have about crypto and defraud them of their money.

TokenInsight takes its due diligence to ensure news/articles/reports or other information we provide a true and fair view without potential influences of any third party. There is no association between TokenInsight and the subject referred in the contents which would harm the objectivity, independence, and impartiality of the reporting. For any questions and inquiries about the https://xcritical.com/ project, head over to the Telegram or Discord community. The team is ready and willing to answer any questions you may have and provide more information about the project. Aeterna is excited to announce its upcoming token Presale for Aeterna v2, envisioned to be the world’s safest crypto ecosystem. This project is affiliated with a high-risk Launchpad known as BoostX Finance.

certik seesaw

To ensure that users have a seamless transition, the team has planned out every step prior to execution. Additionally, the team’s developers implemented proper authorization measures for accessing contracts in order to protect against potential malicious activity. Aeterna’s contract migration from version 1 to version 2 was part of the process certik seesaw of updating an existing smart contract to include the necessary amendments taking into account suggestions from the Certik audit. This upgrade included improving functionality, bug fixes, and security improvements. Many new projects are made and backed by anonymous creators, in the style of the pseudonymous Bitcoin founder Satoshi Nakamoto.

Aeterna Ecosystem Upcoming Contract Migration to New Version 2 Certik Audited Smart Contract

Not only that but unlike its Ethereum and Bitcoin counterparts, Seesaw Protocol is not mineable meaning that the driven course of substantiation and accumulation of new transactions to the blockchain has been eliminated. If the price surge of over 640% in the first stage of its presale is anything to go by, than it is innocuous to adopt the notion that Seesaw Protocol is profitable. The news, articles, reports or other information we provide are based on public sources considered to be reliable, but TokenInsight does not guarantee the accuracy or completeness of any information contained herein. The news/articles/reports or other information had been prepared for informative purposes only and does not constitute an offer or a recommendation to purchase, hold, or sell any digital assets or to engage in any investment activities. Any opinions or expressions herein reflect a judgment made as of the date of publication, and TokenInsight reserves the right to withdraw or amend its acknowledgment at any time in its sole discretion.

certik seesaw

The presale itself has been underway for just over two weeks and has so far been an astounding success. This could raise eyebrows in itself but all the evidence points towards legitimacy. The price started at $0.005 and has increased by more than 500% to $0.031 at the time of writing. We adhere to high standards and values of reporting news, and we do our best to be objective and unbiased at all times. Get the most concise crypto news, research, and insights by subscribing to our free newsletter.

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Thanks to the mostly decentralized nature of the crypto market there is often nothing that can be done to halt scams and scammers. Unless people have truly endowed their time into gaining knowledge of the mechanisms of cryptocurrency, it is likely that they will always have doubts. The one true example of this is Bitcoin; despite it being a household name in the crypto market, those outside of these markets view any form of cryptocurrency and its bionetworks as a con.

In addition, on-chain sleuth ZachXBT said this is the hacker who exploited some random protocol on BSC a few weeks ago and then deposited the stolen funds to Tornado Cash. CertiK said that lending protocol Euler Finance suffered a flashloan attack, and over 41 million $DAI has been stolen so far. Aeterna v2 Presale dates to be announced alongside information regarding the launch structure and parameters. Seesaw integrates with popular LMS and SIS platforms to build upon what you’re already doing.

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Seesaw Protocol is one of these new cryptocurrencies, and its creators are yet to be named. Suffice it to say, after a series of recent high-profile crypto scams, this anonymity has been enough for some to label SSW a scam. There is some FUD concerning Seesaw Protocol, but despite this, it is a far cry from a real crypto scam. Airdrops often happen as part of an ongoing token launch process or when developers decide to upgrade their network or switch protocols. They generally help increase support for new tokens and reward holders in anticipation of potential price increases post-migration. Enrich people’s crypto experience through the promise of a fixed low fee of 3%, better rates and absolute transparency.

No liquidity – It is important to ascertain if a new cryptocurrency has liquidity locked. Seesaw Protocol uses a portion of the transaction fee attached to each purchase and sale to constantly add to its liquidity. Trading and investing in digital assets may involve significant risks including price volatility and illiquidity.

Seesaw makes engaging, personalized learningpart of every student’s experience in school. Conduct your own due diligence before deciding to use any info listed at this page.

Seesaw Protocol is set to be embedded for audit by CertiK in which the process requires auditors to review evidence that corroborate proprietorship of the reserved key and evidence of the proper party to proof the transactions. A sample of transactions in the wallet will be promised back to the auxiliary credentials. In simple terms, this means that the audit of Seesaw Protocol is likely to be completed after its launch or once the presales have ended when the transactions come into fruition. This is because cryptocurrency holdings are taxed in the same way as any other assets people own such as stocks and property.

  • If the price surge of over 640% in the first stage of its presale is anything to go by, than it is innocuous to adopt the notion that Seesaw Protocol is profitable.
  • Aeterna is building a safe, decentralized ecosystem that is essential for the digital economy to thrive.
  • The price started at $0.005 and has increased by more than 500% to $0.031 at the time of writing.
  • No independent audit – Most new cryptocurrencies consider it standard practice to be audited by an independent third party.
  • Suffice it to say, after a series of recent high-profile crypto scams, this anonymity has been enough for some to label SSW a scam.

Investors should be fully aware of the potential risks and are not to construe the content of the report as the only information for investment activities. None of the products or TokenInsight Inc, nor any of its authors or employees shall be liable to any party for its direct or indirect losses alleged to have been suffered on account thereof. It is no secret that the level of credibility a Certik audit brings to a crypto project is extremely high. As one of the most respected and trusted blockchain security firms, Certik’s thorough audits can help identify vulnerabilities and potential issues within a project’s code.

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It is also worth noting that the gap concerning Binance Smart Chain , Polygon , as well as Ethereum is anticipated to be connected by SSW in a bid to permit proprietors to allot tokens amongst the three prevalent blockchains. The token contract will go live on the Binance Smart Chain , and people will be able to purchase them with the chain’s native token, BNB. It is open to both pre-existing and non-preexisting investors, but be sure to act fast as there is a limited amount available.

During a token migration, an automatic airdrop will occur to make sure all holders retain their tokens. The amount each holder receives will depend on the ratio that was defined before the airdrop period began. For greater clarification, here’s an update with the necessary information regarding this token migration process.

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After a thorough assessment of BoostX-affiliated projects from CertiK auditors and investigators, we required the project team to undergo involuntary KYC, with which they did not comply. Due to the high-risk investigation findings, and lack of KYC cooperation from the project team, CertiK has terminated all ongoing audits and delisted BoostX-affiliated projects. According to TokenInsight data, $EUL price dropped 31.75% in the last hour, trading at $4.1237 now. Moderators remove posts from feeds for a variety of reasons, including keeping communities safe, civil, and true to their purpose.

Aeterna is building a safe, decentralized ecosystem that is essential for the digital economy to thrive. With a focus on security, sustainability, and user-friendliness, this ecosystem utilizes multiple features to ensure a secure environment, catered to both new and experienced investors entering the space. The team has worked hard behind the scenes to make this launch as smooth as possible. By utilizing features such as a lottery, escrow, decentralized coin exchange , and staking platform, Aeterna can provide users with the necessary tools to protect their investments and interests. Aeterna understands that not everyone is apprised of the latest changes and project news, because of this, an automatic token airdrop for version 2 will be done to provide as seamless a migration process as possible for all current migrating holders.

Great Instruction Happens on Seesaw

Unknown or anonymous developers – On some occasions, it can appear inauthentic if the creators of a cryptocurrency are unknown. Investors may be sceptical of investing in a coin when they do not know who is behind it. Seesaw Protocol’s creators are following this approach and choosing to remain anonymous. Aeterna is very pleased to have Certik provide the audit for version 2, further verifying the integrity and security of the contract. The contract update was done in part after taking into careful consideration the suggestions provided to the team by the Certik Audit.

They also provide an independent assessment of the quality and security of the code, which in turn can improve the credibility and overall trustworthiness of a project. No independent audit – Most new cryptocurrencies consider it standard practice to be audited by an independent third party. Certik is one of the leading blockchain technology auditors, and precocious backers can check the progress of their chosen cryptocurrency on their site.

TokenInsight will periodically or irregularly track the subjects of news/articles/reports or other information we provide to determine whether to adjust the acknowledgement and will publish them in a timely manner. This website is using a security service to protect itself from online attacks. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. For those interested, stay tuned for more information as launch details will be revealed over the next coming weeks. Through the presale, investors will have access to exclusive token discounts as well as other perks and limited-edition items. An automatic airdrop is a way for token holders to receive additional tokens without having to do anything.

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