Eisenberg
Aave proposes governance changes after failed $60M short attack
On Nov. 23, one day after Mango Markets exploiter Avraham Eisenberg attempted to use a series of sophisticated short sales to exploit decentralized finance protocol Aave, project contributors have put forth a series of proposals to deal with the aftermath. As told by protocol engineering developer Llama and financial modeling platform Gauntlet both of whom are deployed on Aave: “Over this past week, the user 0x57e04786e231af3343562c062e0d058f25dace9e [wallet associated with Eisenberg] opened a short position on CRV [Curve] using USDC as collateral. At its peak, the user was shorting ~92M units of CRV (roughly $60M USD at today’s prices). The attempt to short CRV on Aave has been unsuccessful, and the user lost ~$10M USD from the liquidations.” Llama wrote that...
Mango Markets hacker allegedly feigns Curve short attack to exploit Aave
As described by analysts at Lookonchain on Nov. 22, tokens of decentralized exchange Curve Finance (CRV) appear to have suffered a major short-seller attack. According to Lookonchain, ponzishorter.eth, an address associated with Mango Markets exploiter Avraham Eisenberg, first swapped 40 million USD Coin (USDC) on Nov. 13 into decentralized finance protocol Aave to borrow CRV for selling. The act allegedly sent the price of CRV falling from $0.625 to $0.464 during the week. Fast forward to today, blockchain data shows that ponzishorter.eth borrowed a further 30 million CRV ($14.85 million) through two transactions and transferred them to OKEx for selling. The team at Lookonchain hypothesized that the trade was conducted to drive down the token price “so many people who used CRV...
Kremlin slams German medics’ ‘haste’ on Alexei Navalny poisoning
The Kremlin on Tuesday accused German medics of being too hasty after they said tests on Russian opposition leader Alexei Navalny indicated he had been poisoned. The 44-year-old Navalny, who is one of the fiercest critics of President Vladimir Putin, is being treated at Berlin’s Charite hospital after falling ill on a flight in Siberia last Thursday. He was treated for two days in a hospital in Siberia before being transferred to Germany. His supporters claim he was poisoned by something in his cup of tea at a Siberian airport before taking a flight to Moscow, pointing the finger of blame at Putin. The German clinic said Monday that clinical tests “indicate poisoning with a substance from the group of cholinesterase inhibitors,” substances that are used in nerve agents as well as some medi...
