News

According to Odaily, Ember monitoring shows that at 4:30 a.m. today, the Uniswap treasury completed the burning of 100 million UNI, worth $596 million. Previously, the Uniswap fee burn proposal had been approved. According to this proposal, fees collected by Uniswap in the future will also be used for UNI burning.

According to TechFlow, on December 28, The Block reported that the Flow Foundation announced on Saturday that it is investigating a potential security incident affecting its Layer 1 blockchain, which triggered a sharp sell-off of the FLOW token. On-chain analyst Wazz was the first to point out this vulnerability after the price crash, estimating the stolen funds to be around $4 million. Wazz's analysis showed that the attacker used a wallet created about six months ago to mint millions of wrapped FLOW (WFLOW) tokens via the TransparentUpgradeableProxy contract. This pattern is consistent with a private key leak rather than a smart contract vulnerability. Security expert Taylor Monahan stated: "There is a possible vulnerability in the Flow blockchain that allows attackers to mint native FLOW tokens as well as other bridged tokens such as WBTC, WETH, and stablecoins." She added, "It appears the loss is about $3.9 million."

PANews reported on December 28 that the Flow Foundation stated that on December 27, an attacker exploited a vulnerability in the Flow execution layer and transferred approximately $3.9 million in assets out of the network before validators could coordinate to halt operations. This attack did not affect the balances of existing users. All user deposits remain intact. The protocol fix has now been developed and released, and node operators are coordinating to deploy this upgrade. The network will be rolled back to a checkpoint prior to the exploit to remove unauthorized transactions.