💭 - Stake DAO has provided an update on the recent attack on the protocol. According to initial data, the attacker carried out an unauthorized issuance of the vsdCRV token on the Arbitrum platform. However, the Stake DAO team quickly secured the token's collateral on the mainnet, effectively preventing the attacker from seizing funds. Products like Boosted Yields, Liquid Lockers, Votemarket, and lending on Morpho were not affected. Stake DAO has shut down the bridge between Arbitrum and Ethereum to localize the threat, though the investigation is still ongoing. The team emphasized that the current analysis is preliminary, and further conclusions will depend on the work of law enforcement and security partners. In conclusion, Stake DAO announced the closure of the asdCRV market on Arbitrum, urging users to move their funds to other markets, demonstrating a systemic approach to risk mitigation. Upcoming updates from Stake DAO will be crucial for understanding the outcomes of the investigation and the next steps for recovery 📊

#StakeDAO #Security #Crypto #Arbitrum #vsdCRV