Today in DeFi - Furucombo Approval Exploit, Armor Token Dump, and More

Mar 01, 2021

FuruCombo Approval Exploit

UPDATE: The Furucombo proxy was compromised and US$15m was affected. The Furucombo platform and user funds are now safe. We are working on a mitigation plan that we will share with the community as soon as possible.

Furucombo’s proxy contract was exploited, affecting 15M in funds.

FURUCOMBO @furucombo

We are working on the next steps and will update our community as soon as we can Please remove your token approvals on approved.zone towards our contract at the earliest. Our smart contract:0x17e8Ca1b4798B97602895f63206afCd1Fc90Ca5f

approved.zoneEthereum smart contracts approvals dashboard - Approved.zoneEthereum smart contracts approvals dashboard.

If you have used furucombo, you should check your approvals above and remove them. The team says they have addressed the issue and things are ok going forward, and that they will also address lost funds.

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Armor Token Dump

Armor.Fi @ArmorFi

1/ TLDR A scammer took 1.2m ARMOR tokens from a team member which they have already finished dumping for approx. 600 ETH ($850k USD). Nothing was hacked, the project remains safe and @ArmorFi can recover from here. Thread: https://t.co/C49svst3xh

simp2win @Simp2win

All signs point to @ArmorFi $ARMOR potential rug. Stay cautious. https://t.co/iVbod8M1Dv

Scammers stole 1.2m ARMOR tokens from the team in a social engineering attack, and dumped them on the market. The team says the loss was limited to that, the project is safe and the project will move on.

Tether Settles with NYAG

Tether @Tether_to

Tether & @bitfinex have reached a settlement with @NewYorkStateAG. After 2.5 years and 2.5M pages of info shared, we admit to no wrongdoing and will pay US$18.5M to resolve this matter. 1/3

Tether has settled its case with the New York State Attorney General for $18.5M. While other questions may remain, at least this regulatory threat is closed.

1Inch on BSC

1inch.exchange @1inchExchange

🦄 Crossing the hell of burned #Ethereum lands our hero stumbles upon the mysterious yellow portal. No one knows what secrets it holds, but the intense heat from molten #shitcoins surging right from the #blockchain depths forced #1inch unicorn to make a step towards the unknown..

1inch.exchange, a dex aggregator, is now on BSC as well as Ethereum. This not only means you can use 1inch on BSC, but also means 1inch accesses liquidity on both chains.

Follow @todayindefi to keep up with the latest DeFi news on Twitter.

Disclaimer: Projects or tokens mentioned in this newsletter are often experimental or unaudited. Do your own diligence before using or buying anything mentioned