After a user lost almost the entire value of a $50.4 million swap, Aave said it will roll out Aave Shield, a default protection that blocks swaps with price impact above 25% unless manually disabled.
A trader attempting to swap $50M USDT for AAVE on Aave received only 324 AAVE tokens, losing nearly $50M due to extreme slippage. The interface warned against the trade, but the user confirmed it. No hack involved.
CoW Swap upgrades its solver infrastructure with hidden bidding until deadline and removal of Uniform Clearing Price (UCP) constraint, aiming to improve execution efficiency and user experience. COW token rises 1.22%.
Bitcoin gained 4% while security incidents hit Kraken, CoW Swap, and Hyperbridge. Whales are buying at the strongest pace since 2013, with Bitfinex eyeing $90K. AI is making attacks cheaper, and DeFi sentiment sours.
Bitcoin rose 4% last week, with Ethereum and Solana gaining more. However, multiple security incidents shook confidence: Kraken faces criminal extortion, CoW Swap suffered a DNS hijack, and Hyperbridge was exploited to mint 1 billion DOT. Whale buying is the strongest since 2013, potentially pushing BTC to $90K.
Bitcoin developers have proposed BIP-361 to freeze early P2PK addresses against future quantum threats, while Goldman Sachs files for a Bitcoin yield ETF and Hong Kong issues its first stablecoin licenses. The developments suggest crypto is shifting from theory to execution, regulation, and security hardening.
CoW Swap said the COW.FI domain is locked and inaccessible. The team is working with security experts to restore access and has launched swap.cow.finance as a temporary safe interface, while warning users to trust only official updates.
CoW Swap confirmed a DNS hijacking attack that affected its frontend for over 90 minutes, leading to more than $1 million in stolen funds. The backend and APIs were not directly impacted, but users were urged to stop using the site and revoke wallet approvals immediately.
