Security and Bounties 9/2-9/9: Penpie's $27M Exploit, Arbitrum's $2.5M Subsidy Fund, Euler v2 $1M Bug Bounty
Security 👾
- Penpie, the decentralized liquidity yield project, suffered a ~$27M exploit due to Penpie’s erroneous assumption that all markets created by Pendle Finance are legitimate when registering new Pendle markets.
- Christopher Mooney revealed that the private key for the DAI L2 deployer has been compromised, resulting in some recently deployed L2 DAI contract addresses being controlled by attackers, turning them into honeypot addresses.
- Areta is launching a $2.5M Subsidy Fund to subsidize security services for projects in the Arbitrum ecosystem.
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Bug Bounties 🐞
- Euler v2, a modular lending platform, launched a bug bounty program on Cantina with total rewards of $1,000,000.
- Jito, the liquid staking service for Solana, launched a bug bounty program on ImmuneFi with bounties of up to $250,000 USDC.
- Lombard Finance, the LBTC issuer on Babylon, launched a bug bounty program on ImmuneFi with bounties of up to $250,000 USDC.
- Circles, a unique monetary system, launched an audit competition on Hats finance with rewards of up to 52,000 USDC.
- 0G Labs, a modular AI chain, launched a bug bounty program on HackenProof with bounties of up to $32,000.
- Aviator, a decentralized token ecosystem, launched a bug bounty program on HackenProof with bounties of up to $15,000.
- Renegade, an on-chain dark pool, launched an audit contest on Code4rena with a total reward of $100,000.
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