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OneKey founder Yishi spoke out about the Resupply attack incident, calling on projects like Curve to refund user losses

ChainCatcher news, OneKey founder Yishi publicly stated about "Curve ecosystem DeFi protocol Resupply suffering a price manipulation attack resulting in a loss of $9.6 million," demanding that Curve provide a fair solution for every investor and return the user funds lost due to serious technical errors by the project team.Yishi revealed that he is one of the three major investors in Resupply, and the losses from this incident amount to millions of dollars. He accused the team of banning reasonable questioners on Discord and lacking the necessary accountability. He emphasized that the vulnerability stemmed from the failure to destroy the initial shares when deploying the ERC4626 vault, allowing attackers to mint shares at almost zero cost and drain the vault, which constitutes a protocol-level design and deployment error.Yishi stated that it is unreasonable for the Resupply team to shift the losses onto the insurance pool depositors, as the insurance pool is meant for black swan events and market fluctuations, not to cover the team's technical negligence. He also pointed out that Curve, Convex, and Yearn had participated in supporting Resupply in various forms and had gained actual benefits from it, and should not shirk responsibility afterward. He called for the relevant parties to bear the necessary costs and return user assets.In response to the incident, Curve stated this morning, "Although Resupply was not developed by the Curve team, its creators are experienced, and we believe they will do their best to address the issue. The insurance pool is intended to provide protection for such security incidents, and any recovered assets should be prioritized for processing."

Binance prudently postpones the CESS launch plan, while the project team simultaneously strengthens ecological construction

ChainCatcher news, according to official sources, Binance has announced a temporary delay for the CESS Network's launch on Binance Alpha, originally scheduled for June 26. It is reported that the Binance team is further confirming some technical and compliance details of the CESS project to ensure optimal user experience and compliance standards after the launch.CESS stated that this adjustment in pace is not due to any issues with the project itself, but rather a prudent decision made by both parties out of a strong sense of responsibility towards the ecosystem and users. The CESS team also emphasized that they will continue to fully cooperate with Binance in the subsequent processes to ensure stable operation and market confidence after the project goes live.During this period, CESS also plans to launch a series of ecological construction actions, including enhancing communication transparency with the global community, promoting DePIN node deployment, expanding partnerships for more application scenarios, and soon launching a new round of community incentives and node reward mechanisms.As a representative project in the Web3 infrastructure sector, CESS is committed to building a data value network with high performance, privacy protection, and compliance capabilities. Industry insiders believe that although this pace optimization is a short-term adjustment, it may lay an important foundation for the long-term value release of CESS in the future.
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