ChainCatcher news, the decentralized tokenized financial infrastructure platform AllianceBlock has announced its rebranding to Nexera Foundation, which will launch the compliant tokenization protocol Nexera Finance.It is reported that after the rebranding, the Nexera Foundation will focus on developing the ecosystem DAO and enhancing the utility of the native NXRA token.

ChainCatcher news reports that according to the monitoring of the Beosin EagleEye security risk monitoring, early warning, and blocking platform under the blockchain security audit company Beosin, the crypto protocols BonqDAO and AllianceBlock were subjected to price manipulation attacks today. The Beosin security team analyzed that the reason for the attack was that the attackers raised the price of ALBT and minted a large number of BEUR tokens, then exchanged BEUR for other tokens on Uniswap, causing the price of ALBT to drop to nearly zero, which further triggered the liquidation of the ALBT treasury, resulting in a loss of approximately 88 million dollars.Beosin Trace tracking has found that most of the profit funds are still in the hacker wallet. Currently, the AllianceBlock and Bonq teams, along with all relevant partners, are eliminating liquidity and halting all exchange trading. At the same time, all activities on the AllianceBlock Bridge have been suspended.

ChainCatcher news, regarding the BonqDAO smart contract vulnerability attack incident, the crypto infrastructure platform AllianceBlock stated that the attacker stole approximately 110 million ALBT tokens. The team will subsequently take a snapshot before the attack occurred and develop a solution for all affected users at the time of the snapshot, including minting new ALBT tokens and airdropping them to the addresses in the snapshot.Earlier today, the non-custodial lending platform BonqDAO and the crypto infrastructure platform AllianceBlock were attacked by hackers due to a vulnerability in BonqDAO's smart contract, resulting in a loss of approximately 88 million USD. (source link)

ChainCatcher news, according to The Block, the non-custodial lending platform BonqDAO and the crypto infrastructure platform AllianceBlock were hacked due to a vulnerability in BonqDAO's smart contract, resulting in a loss of approximately $88 million. The hacker removed about 114 million WALBT (AllianceBlock's wrapped native token) and 98 million BEUR tokens from a treasury controlled by users, which is used to mint the euro-pegged payment token BEUR.The technical reasons for the vulnerability are currently unclear. The hacker has sold approximately $1.2 million worth of tokens, but due to insufficient liquidity, it is difficult to convert them all into stablecoins or ETH.Additionally, AllianceBlock stated that the incident is unrelated to the BonqDAO treasury, and no smart contracts were compromised. Both teams are committed to eliminating liquidity to mitigate the hacker's ability to convert the stolen tokens into other assets and have halted all exchange trading; AllianceBlock has also suspended cross-chain bridging on the AllianceBlock bridge until the situation is resolved. (Source link)