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ZachXBT

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<p class="is-style-lead">Defi platforms Aerodrome and Velodrome suffer a front-end attack, with an estimated $40,000 compromised.&nbsp;</p> 
<p>Two prominent defi platforms, Aerodrome and Velodrome, have experienced security breaches in their front-end systems. The incidents occurred on Nov. 28, as disclosed by the platforms.</p> 
<p>Both Aerodrome and Velodrome alerted their users through X, advising them to cease all interactions with their services due to these <a href="https://crypto.news/experts-warn-of-ticking-bomb-for-supply-chain-attack/">security</a> concerns. They have initiated thorough investigations into the breaches. Velodrome has further asked users not to use the web link attached to their <a href="https://twitter.com/VelodromeFi/status/1729771762752135463?s=20" target="_blank" rel="noopener">social media</a> bio.&nbsp;</p> 
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   <p lang="en" dir="ltr">To be clear, do NOT use the link in our Twitter bio. The link in the quoted tweet is a mirror and is safe. Only use that one for now. <a href="https://t.co/8QDodF7HDP" target="_blank">https://t.co/8QDodF7HDP</a></p>— Velodrome (@VelodromeFi) <a href="https://twitter.com/VelodromeFi/status/1729804056107814971?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">November 29, 2023</a>
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<p> You might also like: <a href="https://crypto.news/ethereum-turns-deflationary-as-validators-exit-and-defi-transactions-drop-57/"> Ethereum turns deflationary as validators exit and defi transactions drop 57% </a> </p> 
<p>ZachXBT, an analyst and popular figure in the crypto community, <a href="https://twitter.com/zachxbt/status/1729777066780815540?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1729777066780815540%7Ctwgr%5Ed6d8c3cad7d1c73ce6271a69adaf09132e98fd1b%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Faerodrome-velodrome-de-fi-platforms-frontend-hacks" target="_blank" rel="noopener">highlighted</a> that an estimated $40,000 in digital assets are being transferred from the compromised platforms. These assets are linked to two distinct digital wallet addresses.</p> 
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   <p lang="en" dir="ltr">Looks like stolen funds are going to these two addresses <br><br>0x02BA13f39D7df9C3F7592257b636eD6C7CC4ae78<br>0xf64fCEdFCe714Bbe835761e54D7067f2f8231443 <a href="https://t.co/mm6SUhCLhq" target="_blank">pic.twitter.com/mm6SUhCLhq</a></p>— ZachXBT (@zachxbt) <a href="https://twitter.com/zachxbt/status/1729777066780815540?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">November 29, 2023</a>
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<p>As per the latest data from DefiLlama, <a href="https://defillama.com/protocol/aerodrome" target="_blank" rel="noopener">Aerodrome</a> holds a total value of $62.68 million, while <a href="https://defillama.com/protocol/velodrome" target="_blank" rel="noopener">Velodrome’s</a> total value stands at $136.76 million. Notably, Velodrome is recognized as the largest decentralized exchange (DEX) on the Optimism network. Meanwhile, Aerodrome, which operates as a fork of the Velodrome protocol, has established itself as the leading DEX on the Base network.</p> 
<p> Read more: <a href="https://crypto.news/coingecko-75-of-web3-games-over-last-five-years-have-failed/"> CoinGecko: 75% of web3 games over last five years have failed </a> </p>

Defi platforms Aerodrome and Velodrome hit by front-end cyberattacks

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