Weekly Report (Nov-06)


  • Over $3.5 million was lost in multiple DeFi hacks.
  • Adidas joined forces with Bugatti for limited-edition football boot collectibles.
  • Yuga Labs and Magic Eden collaborate on a new Ethereum-based NFT marketplace.
  • Deadfellaz and MetaMask unite for a Halloween NFT gallery in Decentraland.

Blockchain Hacks

Unibot was exploited on the Ethereum Mainnet due to a smart contract vulnerability, which resulted in a loss of 355.5 ETH, worth approximately $640,000. The root cause of the exploit is a call injection vulnerability. In this blog, we have shared a detailed analysis of the exploit.

The Onyx Protocol was exploited on the Ethereum Mainnet due to a precision loss vulnerability, which resulted in a loss of 1,164 ETH, worth approximately $2.1 million. The attack vector is a known issue on all of the CompoundV2 forks. The attack is similar to the earlier exploit on Hundred Finance, which suffered a loss of approximately $7 million. Midas Capital was also exploited due to the same issue, resulting in a loss of $600,000. Essentially, the exploiter targeted empty pools that lacked lending activity, thereby gaining control over the liquidity. We have also shared a detailed analysis of the exploit in this blog.

A fake Ledger Live application was found to be circulating on the official Microsoft application store. Reports reveal that a total of $768,000 has been stolen by the scammers from multiple affected individuals. The fake application has since been removed by Microsoft.

Metaverse, and NFTs

Adidas has collaborated with Bugatti to present a special auction of football cleats, which will span four days, beginning on November 8 and ending on November 11. A total of 99 exclusive pairs of these boots, showcasing designs that mirror the luxurious and sophisticated aesthetic synonymous with Bugatti’s cars, will be up for grabs. The boots will be offered in two distinct color schemes: a deep black that captures the essence of Bugatti’s contemporary automotive designs, and a unique shade of blue that evokes the nostalgic spirit of Bugatti’s classic Grand Prix models. Adding to the uniqueness of this event is the concept of each boot having a digital counterpart, ensuring owners have both a physical and a virtual version of their limited-edition footwear.

Yuga Labs teamed up with Magic Eden to unveil a new NFT marketplace on the Ethereum network, scheduled to go live at the year’s end. This platform distinguishes itself by its commitment to maintaining creator royalty agreements. The introduction of this marketplace is poised to revolutionize the NFT industry by embedding support for artist royalties directly into the platform, thus providing creators with unparalleled backing. While more intricate details will be disclosed closer to the platform’s debut, early information indicates that the classic ERC-721 token standard will be utilized. NFTs created with specific features of this new marketplace contract will automatically include enforced royalty terms. The collaborative effort between these two entities underscores the significance of cultivating a robust community ecosystem that nurtures the growth and success of content creators.

Deadfellaz, in collaboration with MetaMask, has launched an innovative Halloween-inspired CryptoArt celebration within the Decentraland Metaverse, which will continue until November 6. The event, titled Infected S3, represents Deadfellaz’s third and most extensive series to date, offering a dynamic experience that showcases a curated selection of talented artists. Visitors to Decentraland are given the chance to dive into a creatively designed art exhibition and participate in a Candy Quest adventure, where they can collect digital candies that unlock virtual prizes. These pieces draw their influence from the renowned NFT label and strive to push the boundaries of traditional art forms. These artworks are integrated with three types of tokens within the Infected S3 series, categorized into fresh grade, damaged grade, and rotten grade. For those who own original Deadfellaz NFTs, there’s a chance to receive one of these unique digital pieces through an airdrop upon providing a screenshot of their genuine NFT for verification.

OnChain Insurance Industry News

Neptune Mutual shared the details of their monthly progress report for the month of October. Additionally, the team conducted their monthly Discord Town Hall, discussing the details of the security audit of the liquidity gauge pool by Hacken and much more.

InsurAce Protocol announced that they remained successful in their first-ever decentralized and democratic community-driven governance proposal.

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