#smart

The Exactly Protocol has suffered a hacking attack. Running on the Optimism blockchain, this lending DeFi platform was targeted by malefactors who stole over 4300 ETH, totaling approximately $7.3 million. Both BlockSec and Beosin security agencies have corroborated the theft. The hackers reportedly found and exploited a weak point in the platform's smart contracts, although the finer details are still under wraps. UPD: The team at Exactly Protocol would declare a $700,000 reward for any leads on the hacker, should they not receive a response from the malefactor by the end of August 22nd. "You can return the funds, minus a 10% fee to you, without worries about us coming after you," the Exactly team conveyed in their message.

Arthur Hayes, Maelstrom CIO and ex-BitMEX CEO, argues that AI-powered Decentralized Autonomous Organizations (DAOs) will revolutionize economic entities, making traditional structures obsolete due to their reliance on human labor and state-enforced contracts. He asserts AI DAOs, unfettered by physical forms and therefore state laws, will use smart contracts on public blockchains for self-governance and service provision. Hayes predicts that DAO capital markets will become the first genuinely global markets and decentralized exchanges will naturally monopolize the trading of DAO-issued tokens. Hayes sees a future trillion-dollar AI-powered economy that would significantly boost the value of blockchains like Ethereum.

Coinbase and Circle, five years after jointly launching USDC, are evolving their partnership. Coinbase is acquiring an equity stake in Circle, emphasizing their shared vision for the financial future. To further its reach, USDC will launch on six new blockchains between September and October, expanding its multi-chain presence to 15. With clearer global stablecoin regulations, Circle will assume all governance, including smart contract management. The Centre Consortium, initially governing USDC, will dissolve.

Aptos Labs is set to work with Microsoft to infuse its blockchain products, including fresh developments, with artificial intelligence. Aptos Assistant, a chatbot, is one such innovation that educates users about the Aptos ecosystem and assists developers in crafting smart contracts and decentralized apps. A 15% rise in the APT token's value followed the announcement of the collaboration.

A user fell victim to a 'Zero Transfer Phishing' scam, losing $20 million USDT. These malicious parties imitated a few characters in the wallet address to deceive the unsuspecting victim. Fortunately, Tether reacted swiftly and froze the assets in just 50 minutes.Always stay vigilant when copying wallet addresses from transaction records.Scammers create custom smart contracts to generate look-alike addresses and dupe potential victims. Correct Address: 0xa7B4BAC8f0f9692e56750aEFB5f6cB5516E90570 Phishing Address: 0xa7Bf48749D2E4aA29e3209879956b9bAa9E90570

zkSync Era revenue aggregator Kannagi Finance has experienced a rugpull, and its official website is now expired. On July 6, the company was audited by SolidProof, but the firm says they have nothing to do with the smart contract related to the incident. In just one day, the Total Value Locked (TVL) in the platform plummeted from $2.13 million to nearly zero

Polygon Labs has announced plans for a new, more decentralized governance model as part of its upcoming Polygon 2.0 roadmap. The team has proposed "three governance pillars" that will manage the core protocol, smart contracts, and a community treasury. Key features include an expanded Polygon Improvement Proposal (PIP) framework, an ecosystem council to manage system smart contract upgrades, and a two-phase community treasury governance model to fund promising projects.