BlockThreat - Week 51, 2020

Warp Finance | Nexus Mutual | Ledger | RubyGem

Dec 22, 2020

∙ Paid

Governments around the world have introduced additional AML and KYC requirements on self-hosted wallet transactions. Warp Finance oracle vulnerability was exploited, Nexus Mutual founder’s wallet was backdoored, Ledger database dumped on a forum, RubyGem supply chain attacks to steal crypto, and more in this week’s edition of Blockchain Threat Intelligence.

Regulations

FinCEN proposal requires exchanges to keep a record of all transactions greater than $3,000 sent to self-hosted wallets. The proposal is unusual due to a very limited public comment period due to “significant national security imperatives.”
French Ministry of Finance will require KYC verification for all crypto-to-crypto transactions. The ordinance aims to stop the use of cryptocurrencies for terrorist financing.

Hacks

On December 17th, 2020 an oracle manipulation vulnerability in Warp Finance was exploited which resulted in the loss of $7.8M worth of DAI and USDC tokens. Interestingly, the 75% of the stolen assets remained …

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