EraLend: A new version of the protocol audited by Paidun will be deployed, and the old protocol will be renamed EraLend Classic

08/08/2023 18:30

Odaily Planet Daily News Eralend, a lending agreement that had previously been hacked, issued a document announcing: 1. A new version of the protocol audited by PeckShield will be deployed, and the new protocol will be developed and upgraded as originally planned. The old version of the protocol affected by the attack will be renamed EraLend Classic. 2. In the future, EraLend will continue to work hard to trace and recover stolen funds until they are fully recovered. 3. EraLend will hire SlowMist as a security consultant, who will provide support for Eralend in recovering stolen goods and subsequent product security. 4. Eralend will gradually introduce other sources of repayment, including fundraising, potential zkSync airdrops and diversified platform revenue, etc. 5. The new protocol EraLend will cancel SyncSwap LP tokens as collateral, and all fee income will be used to compensate victims. The old protocol EraLend Classic will stop all loan functions from 00:00 UTC on August 8th, and the repayment and withdrawal functions will remain open until all users log out.

Bullish

Bearish

More news about eralend

May 23
Axie Classic Competitive Season 3 is now live
Bullish
Bearish
Apr 22
Axie Classic Competitive Season 2 is now live
Bullish
Bearish
Oct 16
Send Shield: EraLend attacker transferred 281 ETH to a new address
Bullish
Bearish
Sep 29
EraLend attacker transferred 15 ETH to OKX
Bullish
Bearish
Aug 22
Eralend attacker address has transferred 31% of stolen funds to CEX
Bullish
Bearish
Aug 04
Eralend: 90% ready to restart
Bullish
Bearish
Aug 02
Overnight proposes that EraLend take out half of future zkSync airdrops as compensation for being affected by the hack
Bullish
Bearish
Jul 27
EraLend: no longer seek "reconciliation" with hackers, users who provide valuable information can get 10% recovery reward
Bullish
Bearish
Jul 27
EraLend: Suspicious CEX accounts related to hackers have been found
Bullish
Bearish
Jul 27
EraLend: If the hacker returns 90% of the stolen funds, 10% can be kept as a white hat bounty, and the team will no longer be held accountable
Bullish
Bearish

EraLend: A new version of the protocol audited by Paidun will be deployed, and the old protocol will be renamed EraLend Classic

More news about eralend

More news about eralend

What is Ethereum Classic (ETC)?

Ethereum Classic (ETC) successfully completes production cut

Terra Luna Classic Community Approves Proposal for KYC Procedures

EraLend Exploit: Hackers Steal $3.4 Million From zkSync Lending Protocol

Terra LUNA and Luna Classic (LUNC) Price in Trouble, Support Weakens

Terra Spokesman Argues Luna Classic has Never Been a Security

What's Causing Terra’s Failed LUNA Classic (LUNC) to Soar?

Terra Classic (LUNC) vs. Luna 2.0 (LUNA)

CoinMarketCap Updates LUNA to Terra Classic in Anticipation of New Chain

Terra Luna Revival Plan 2 – Renaming the Network to Terra Classic and LUNA Classic