ID:
velodrome-finance-1010
100 pts
Platform:
Type:
Category:
Method:
Data Sources:
Optimism
Dapp
Dexes
Key Management
Extended Method:
Private key leak
Days in Operation:
105
(0.29 Years)
100 pts each
Velodrome is an AMM designed as the central trading and liquidity marketplace on Optimism.
The team reported that one of the team-owned wallets was compromised leading to a loss of $350k in operational funds used for protocol operations and payments. No user funds were custodied at any point in the compromised wallet, and no user funds are at risk. No OP grant funds yet to be distributed were or are at risk.
Updated 8/25: Investigations pointed out the involvement of a team member, who goes by the pseudo name Gabago. 350k was recovered.
DISCLAIMER: While web3rekt has used the best efforts in aggregating and maintaining this database, this web site makes no representations or warranties with respect to the accuracy or completeness of its information and data herein, and specifically disclaim any implied warranties of merchantability or fitness for any particular purpose.
Under no circumstances, shall web3rekt be liable for any loss of profit or funds, any regulatory or governmental penalties, any legal costs, or any other commercial and non-commercial damages, including but not limited to special, incidental, consequential, or other damages from any or all usage of the data and information derived from this database.