In the world of decentralized finance (DeFi), some of the original protocols made significant strides in the past week. Notably, the Uniswap Foundation unveiled plans to secure $62 million in fresh funding, and Chainlink, a decentralized oracle service provider, faced and overcame concerns regarding alterations made to its multi-signature wallets.
On September 23, Mixin Network fell victim to a cyberattack, resulting in the loss of nearly $200 million in cryptocurrency assets. As an attempt to recover the remaining funds, the company has offered a $20 million bug bounty to the attacker, asserting that the majority of the stolen assets belong to users.
In another development, Michael Egorov, the founder of Curve Finance, successfully reduced the platform's debt to $42 million and settled the entire Aave loan on September 28. Meanwhile, the cryptocurrency exchange Upbit effectively thwarted a significant number of fake Aptos tokens on its platform, subsequently restoring deposits and withdrawals of the token.
The decentralized oracle network, Chainlink, faced criticism over recent changes to the required number of signers for its multi-signature wallets. Some users, including cryptocurrency researcher Chris Blec, called for a quiet reduction in the signature threshold from 4 out of 9 to 4 out of 8. Chainlink, however, clarified that the multi-signature threshold remained unchanged at 4 out of 9. This adjustment was part of a regular signer rotation process, and the wallet retains its standard configuration.
