user loss

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."

Nobitex: The total amount of stolen assets is approximately 100 million USD, and user losses are fully covered by the reserve fund

ChainCatcher news, the Iranian cryptocurrency trading platform Nobitex has released its fourth announcement regarding the theft incident: "In the ongoing response to the recent security incident at Nobitex, the situation is now under control, and all external access to our servers has been completely severed. Users may notice a significant decrease in their wallet balances on various blockchain networks at Nobitex. This is due to our technical team proactively emptying the hot wallet funds to protect user assets. Therefore, users need not worry about the changes in these wallet balances.The stolen assets have been transferred to a wallet using a non-standard address, composed of random characters, which is distinctly different from the patterns of attacks on traditional cryptocurrency trading platforms. These wallets were subsequently used to destroy and burn user assets. Clearly, the purpose of this attack is not economic gain, but rather an attempt to harm the security and psychological safety of users' assets through deceptive means.The stolen funds can still be publicly tracked on the blockchain network, with the estimated total amount of stolen assets currently around 100 million USD. Furthermore, due to network restrictions and blocked access to external servers, the platform's recovery may take longer than usual. However, Nobitex is making every effort to expedite the repair process. All user assets are fully secured by Nobitex's reserve fund, and users will not incur any financial losses. Further updates will be provided through subsequent announcements."
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