Today in DeFi - Uniswap Router Vulnerability, Wyre to Shut Down, Leveraged Trading on Arbitrum, and More...
Uniswap Router Vulnerability
![Twitter avatar for @dedaub](https://substackcdn.com/image/twitter_name/w_96/dedaub.jpg)
The Dedaub team has disclosed a Critical vulnerability to the Uniswap team!
Funds are safe - Uniswap addressed the issue and redeployed the Universal Router smart contracts on all its chains π
The vulnerability allows re-entertrancy to drain the user's funds, mid-tx.
π§΅
![Image](https://substackcdn.com/image/fetch/w_600,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fpbs.substack.com%2Fmedia%2FFlgRBbeXgAEG-Q4.jpg)
Uniswap recently introduced Router, a new feature that unifies ERC20 and NFT swapping into a single swap router, however security firm Dedaun found a vulnerability in Router that could potentially cause reentrancy exploits and fund losses.
Wyre to Shut Down
![Twitter avatar for @cryptod0tnews](https://substackcdn.com/image/twitter_name/w_96/cryptod0tnews.jpg)
Crypto firm Wyre has reportedly informed its employees it is shutting down operations in the first quarter of 2023. Its CEO insists that the company is scaling back
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Crypto payments company Wyre has informed its employees via email that the the company would liquidate, and plans to terminate services in January 2023.
Avalanche Subnets Messaging
![Twitter avatar for @avalancheavax](https://substackcdn.com/image/twitter_name/w_96/avalancheavax.jpg)
Subnet-to-Subnet messaging is now live on Avalanche thanks to Avalanche Warp Messaging (AWM).
dApps running on a dedicated Subnet will now easily interoperate with other Subnetsβwith no reliance on crypto bridges. theblock.co/post/197476/avβ¦
Avalanche has enabled messaging between subnets (Avalanche-based chains) without reliance on bridges.
Vote on LP Rewards, Leveraged Trading on Arbitrumβ¦
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