Defi platforms Aerodrome and Velodrome come under frontal attack, with an estimated $40,000 compromised.
Two prominent defi platforms, Aerodrome and Velodrome, have experienced security breaches in their front-end systems. The incidents occurred on November 28, according to the platforms.
Both Aerodrome and Velodrome alerted their users via X, advising them to cease all interactions with their services due to these security issues. They have launched thorough investigations into the violations. Velodrome has further asked users not to use the web link attached to their social media Biography.
ZachXBT, analyst and popular figure in the crypto community, highlighted that approximately $40,000 in digital assets are being transferred from the compromised platforms. These assets are linked to two different digital wallet addresses.
According to the latest data from DefiLlama, Aerodrome has a total value of 62.68 million dollars, while the total value of Velodrome is 136.76 million dollars. Notably, Velodrome is recognized as the largest decentralized exchange (DEX) on the Optimism network. Meanwhile, Aerodrome, which operates as a fork of the Velodrome protocol, has established itself as the leading DEX on the Base network.
