ChainCatcher news, MakerDAO announces a partnership with Sherlock to launch a security audit competition with a total prize pool of up to $1.35 million. This is the largest audit competition in the field's history, set to kick off on July 8 and run until August 5.

ChainCatcher news, the smart contract auditing platform Sherlock announced today that due to the default of Maple Finance borrower Orthogonal Trading, Sherlock may incur a loss of approximately $4 million. Currently, Sherlock has $5 million USDC deposited in the USDC lending pool managed by M11 Credit, which is expected to recover 20% - 25%, and stakers may lose 33% - 35% of their funds.Previous news, Orthogonal Trading has defaulted on a total of $36 million in loans from the institutional lending protocol Maple Finance, which comes from the M11 USDC pool and M11 WETH pool operated by Maven 11. (Source link)

Chain Catcher news, the smart contract auditing platform Sherlock announced the completion of a $4 million seed round financing, led by Archetype, with participation from Spartan, Lattice, CoinFund, and others. The funds from this round will be used to build the team and finance external audits on the Sherlock platform. (Source link)