Compound Suffers DNS Hijack

• Coinbase Wallet launches a new web app.

• Compound suffers a DNS compromise.

• Encrypted transactions on Gnosis Chain.

• Nethermind formal verification framework.

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Coinbase introduced a new web app for Coinbase Wallet, offering a unified portal to track onchain activities. Users can connect multiple wallets to monitor their crypto holdings, NFTs, and DeFi positions across various chains. The portal includes trending dapps and a built-in swap interface for trading over 2 million supported tokens. Coinbase also launched an Onchain Summer points program, enabling users to earn points by completing activities on Base. The experiences were submitted from the Base onchain registry. Users can redeem points for prizes like an ENS subdomain and Base merchandise. Users can track their points and rank on their summer pass. The campaign runs until August 31st.

Earlier today, Compound Finance experienced a DNS compromise on its domain. Attackers were able to redirect users from compound.finance to a phishing site with a wallet drainer. The protocol itself remains unaffected, and users can still access their positions via smart contracts or third-party apps like DeFi Saver. Celer Network's domain was also compromised. Both protocols use Squarespace as their domain registrar. The hijacks come as Squarespace acquired Google Domains in 2023, requiring all users to migrate. Some crypto projects that use Squarespace have not yet been affected, but remain at risk. Users who visited the sites should check and revoke their token approvals.

Shutter Network launched encrypted transactions on Gnosis Chain, marking the first mainnet implementation of Shutter's threshold encryption. The integration, coined as Shutterized Gnosis Chain, introduces an encrypted mempool that provides users with MEV protection, base-layer neutrality, and censorship resistance. To utilize encrypted transactions on Gnosis Chain, users can manually add the Shutterized Gnosis Chain RPC to their wallet. Initially, transaction inclusion times may be slow due to the limited number of validators but will improve as the number of validators and Keypers expands. Keypers are specialized nodes that manage the encryption and decryption keys to secure transactions.

Nethermind released Clear, a formal verification framework for Solidity programs. The framework allows users to define the expected behavior of Yul programs and verify code conformance. Clear translates Yul programs into Lean for verification, generates verification conditions, and provides proof templates. Formal verification refers to the use of mathematical methods to prove or disprove the correctness and security of smart contract code.

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