Credit security incidents
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Inside EQIBank’s $84M seizure
EQIBank had approximately 80% of its assets frozen as part of a seizure targeting Capstone Limited, leading to a material liquidity crisis for the bank. The seizure is linked to allegations of Capstone misrepresenting its business to banks and processing funds from impersonation fraud schemes.
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Add MALT exploit PoC - unisolated treasury rebalance capital, ~13.4k …
An exploit on MALT on the Polygon network resulted in the draining of approximately 13,440 DAI from the Capital Source treasury. The exploit involved unisolated treasury rebalance capital, allowing a negligible swap to yield a disproportionate MALT output.
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GHO and sGHO as Eligible Backing Assets for USDe
A report by Kairos Research examines GHO and sGHO as potential backing assets for USDe, noting that while GHO's peg has held and Aave is overcollateralized, there are concerns about exit liquidity. The report highlights an asymmetry between minting and redemption capacities in Aave's stability modules, with exit capacity being significantly lower than minting capacity, particularly on the Ethereum chain.
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SAS Token hacked
The SAS Token on BNB Chain was exploited due to a flawed custom transfer logic, allowing an attacker to extract profit by manipulating a sellBurn counter and burning tokens directly from the liquidity pool. The loss amounted to approximately $12,000.