Forefall.base.eth
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Forefall.base.eth
@0xforefall
Making Content to make common people love Web3.(Filmmaker/photographer/marketing) 🇧🇷 Insta: @forefall


Muito triste , jovem , fisiculturismo está de luto 🖤










🚀 O Palco OnChain chega ao TokenNation com curadoria da @livecoinsBR e um lineup de speakers de alto nível para discutir as principais narrativas do mercado cripto e Web3. ⚡ Nomes de peso como @fabiocatalao_ e @DiegoCurtyBR trazem insights sobre o que está acontecendo na ponta da inovação. 🧠 A nova economia da atenção na Web3 ganha espaço com @0xCokinha e @notaboutdollar , explorando tendências que já movimentam comunidades e mercados. 🎓 E conectando pesquisa universitária, tecnologia e futuro, @thephilo_sopher e @mariafreitasPhD apresentam o que está sendo construído dentro das universidades e centros de pesquisa. O Palco OnChain é o espaço onde as narrativas mais relevantes do ecossistema blockchain ganham voz. 🌐 Uma oportunidade única de acessar conteúdo de alto nível, networking e visão de futuro em um só lugar. 📍 TokenNation 🗓️ 1 e 2 de junho 📌 Pavilhão da Bienal — São Paulo E você, já está preparado para o TokenNation? 🔥










The Arbitrum Security Council has taken emergency action to freeze the 30,766 ETH being held in the address on Arbitrum One that is connected to the KelpDAO exploit. The Security Council acted with input from law enforcement as to the exploiter’s identity, and, at all times, weighed its commitment to the security and integrity of the Arbitrum community without impacting any Arbitrum users or applications. After significant technical diligence and deliberation, the Security Council identified and executed a technical approach to move funds to safety without affecting any other chain state or Arbitrum users. As of April 20 11:26pm ET the funds have been successfully transferred to an intermediary frozen wallet. They are no longer accessible to the address that originally held the funds, and can only be moved by further action by Arbitrum governance, which will be coordinated with relevant parties.



Overview of the last 30 hours and the current situation: The team was notified of the rsETH exploit immediately by our internal systems and @HypernativeLabs monitoring. No fraudulent assets or transactions from the attackers occurred on Ink, and no suspicious borrow activity was observed in the Tydro markets before they were paused. This is because the Ink and Kraken security teams promptly blacklisted the attackers addresses from transacting on Ink and Kraken through @FortaNetwork and froze the rsETH asset on Tydro with the help of our technical and risk service providers. The Tydro infrastructure remains secure. The vulnerability was in rsETH’s LayerZero bridge. As a result of the exploit and broader market uncertainty, several larger depositors pulled out of stablecoin markets, which has led to a temporary spike in utilization and interest rates as they evaluate market conditions. These markets remain fully collateralized despite the higher utilization. Stablecoin and BTC collateral remains unaffected. Any exposure is concentrated amongst rsETH and wETH. As of writing, there is $21M of rsETH collateral borrowing $19.36M of wETH concentrated between two highly leveraged wallets. These markets are now frozen. Tydro is working with the Ink Foundation and other stakeholders in the broader ecosystem to provide a resolution for its users, and will be sharing a further action plan to remediate losses through official channels as the situation progresses. A large part of the recovery value depends on the decisions made surrounding the NAV of rsETH on L2s vs L1. While we await further information on the situation report and recovery plan, we want to be perfectly clear: Tydro is of the opinion that the only defensible framework is an equitable socialization across all rsETH holders regardless of chain. Tydro is actively monitoring the situation and considering all available avenues, including legal, to protect users on Ink. We expect other impacted L2 communities to seek the same equitable treatment for their users. We appreciate your patience as we navigate this difficult time, please stay tuned for further updates through official channels.










