$0 USD

JUNE 2024

GLOBAL

DYSON MONEY

DESCRIPTION OF EVENTS

"Achieve maximum yield with Dyson - the DeFi platform by Sphere Finance that unlocks the full potential of your assets."

 

"Dyson is a decentralized & multichain yield-maximiser. It maximizes yield through carefully crafted strategies which are managed on-chain, making perpetual yield farming accessible to the average user.

 

Every strategy is secured and automated by smart contracts. Dyson automatically harvests & reinvests yield rewards to ensure compounding interest to depositors. The vaults created for Dyson's strategies are completely permission-less & trust-less, meaning that users are completely in control of their crypto & can withdraw at any time they like."

 

SlowMist claimed $31k.

 

"We wanted to address the ongoing situation with SlowMist and their recent post about potential suspicious activity detected on our protocol.

 

Transparency is one of our core values, and we believe it's important to provide clarity and context to you.

 

@SlowMist_Team, a respected blockchain security firm doing amazing work in keeping our space safe, flagged what was perceived as unusual on-chain activity on Dyson yesterday.

 

However, we want to assure you that this activity is not an exploit or any cause for concern.

 

After a thorough investigation, we have determined that the activity in question was simply a large amount of unharvested rewards being taken out of a relatively small position in one of our deprecated vaults.

 

This vault, while not actively promoted or utilized, continues to generate yield.

 

We have been in communication with the SlowMist team and have provided them with a detailed explanation of the situation, and they have kindly acknowledged our response.

 

We take security and transparency extremely seriously, and have implemented rigorous security measures to ensure the safety of our protocols and your assets.

 

We appreciate @SlowMist_Team's vigilance in identifying potential risks, and also their commitment to clarity and transparency.

 

Once again, we want to assure our community that there has been no exploit or malicious activity within our ecosystem.

 

We remain committed to open communication and will continue to provide updates on any developments or concerns that may arise.

 

If you have any further questions or require additional clarification, please do not hesitate to reach out to us in our Discord server (link below).

 

Thank you for your continued trust and support as we work to build a transparent, secure, and valuable ecosystem for all"

 

"After confirmation, this issue was caused by a deprecated vault contract. The Dyson team has quickly addressed the situation, and their responsible attitude towards the community is praiseworthy."

 

Explore This Case Further On Our Wiki

Dyson Money emptied some rewards out of a deprecated vault contract, which captured the attention of security researchers at SlowMist. According to Dyson Money, there was no exploit at all, and the transaction was falsely flagged. While SlowMist has publicly praised the Dyson Money team for their quick response, they haven't outright stated there was no exploit and the situation continues to be listed on the SlowMist hacked page.

Sources And Further Reading

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