COW fell nearly 3% after CoW Protocol disclosed a DNS hijacking attack on its front end. The team said core smart contracts and backend systems were unaffected, and domain control has been restored, but trading volume dropped about 40% as market confidence weakened.
A $292 million exploit of Kelp DAO caused massive withdrawals across lending protocols like Aave, with TVL dropping from $26.4B to $20B. The attack exposed configuration flaws in cross-chain messaging, leading to extreme community sentiment declaring 'DeFi is dead.'
A $292M exploit on Kelp DAO triggered cascading withdrawals across DeFi, with Aave TVL dropping 24% and AAVE token falling 18%. Technical analysis attributes the attack to a LayerZero configuration flaw, not a core protocol bug.
The $292M hack of Kelp DAO's rsETH due to a configuration flaw triggered a market-wide panic. Aave's TVL dropped 23% and AAVE token fell over 18%. Technical debate centers on LayerZero's single-point verification, with the community questioning DeFi's security fundamentals.
Kelp DAO’s rsETH exploit triggered broad withdrawals across lending markets, hit Aave deposits and reignited debate over cross-chain security design. The incident highlights how configuration risks can spread across DeFi infrastructure.
Decentralized exchange Cow Swap hit by a frontend attack; official domain marked malicious. Blockaid issued alert, Cow Swap team confirmed issue and paused app. Experts advise immediate wallet authorization revocation.
Blockaid warned of a potential frontend attack targeting decentralized exchange CoW Swap, flagging the CowFi domain as malicious. CoW Swap confirmed a frontend issue and urged users to stop using the app while the investigation continues.
Ethereum-based DEX aggregator CoW Swap paused its protocol after a front-end website compromise. The team said smart contracts were not affected, but users may have signed malicious approvals. A security researcher estimated losses at about $500,000 so far.
