the two users of Cardano DeFi are rejoicing at this
Balancer and its forked protocols were exploited, resulting in ~$128M in funds drained across Ethereum, Arbitrum, Base, Polygon, and other chains. Berachain even halted its entire network to contain the damage. This Balancer exploit is structurally impossible to replicate on Cardano eUTxO model. While the attack exploits EVM’s global state and integer arithmetic vulnerabilities, Cardano eUTXO model counters these vectors with single-use UTxOs that prevent state reuse, cryptographic signature validation for transaction integrity, and full-transaction atomicity that ensures all operations succeed or fail as a unit, rendering such an attack vector highly improbable. This once again proves how security-superior Cardano’s eUTxO model is.
1.55K
0
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.