- Anon user publishes leaked 3Commas APIs.
- Gamma Strategies deploys on Arbitrum.
- Mean Finance launches on Ethereum.
- DOJ refers to DeFi tokens as commodities.
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Anon User Publishes Leaked 3Commas APIs
An anonymous Twitter user published a list of leaked user API keys from 3Commas. The leaked data includes copies of Binance and KuCoin user APIs. The anonymous group claims a 3Commas employee sold user information to the highest bidder. They also stated plans to publish the full list of over 100,000 leaked APIs in the coming days.
Binance CEO CZ warned users to disable any exchange API ever entered into 3Commas. Yuriy Sorokin, the CEO of 3Commas, confirmed that files published by the hacker were in fact actual user data. He stated that Binance, Kucoin, and other supported exchanges have been asked to revoke all API keys connected to 3Commas.
3Commas users first reported unauthorized transactions in October. The company later confirmed that users lost $6 million, but attributed the loss to a phishing attack, suggesting that users mistakenly leaked their API keys. 3Commas is a crypto trading bot service that was previously funded by Alameda Research.
Gamma Strategies Deploys on Arbitrum
Gamma Strategies, an active liquidity management protocol, is now live on Arbitrum One. Gamma Strategies allows users to run automated strategies for Uniswap V3 and Quickswap liquidity positions. Gamma focuses on concentrated liquidity and can be used to auto-rebalance positions to keep them within a trading range.
Gamma also introduced dynamic range and pegged price strategies. The dynamic range strategies trigger an automatic rebalance when the market price hits strategy reset bounds. Gamma offers both short-range and wide-range bounds. The pegged price strategy provides liquidity around the net asset value of an asset such as stETH.
Mean Finance Deploys On Ethereum
Mean Finance, a non-custodial platform for dollar-cost averaging is now live on Ethereum. Mean Finance allows users to dollar cost average into any ERC-20 token on frequent intervals. The protocol offers users MEV-protected and gasless swaps. Users can currently swap USDC, DAI, ETH, and WBTC on Ethereum.
Maker makers, called swappers, execute orders on behalf of users in exchange for a share of protocol fees. Mean Finance is also registered with the decentralized task protocol Keep3r Network to incentive order execution during network congestion. Mean Finance also supports dollar cost averaging on Optimism, Arbitrum, and Polygon.
DOJ Refers To DeFi Tokens As Commodities
In a court filing, the U.S. Department of Justice referred to Avraham Eisenberg’s market manipulation attack on Mango Markets as commodities fraud and commodities manipulation. The charges imply that DeFi governance tokens are commodities and not securities. Eisenberg has since been arrested in Puerto Rico.
Eisenberg attempted to manipulate the price of $CRV during a similar attack on Aave. The court document also reveals that as that Eisenberg fled from the U.S. to Isreal a day after the Mango Markets attack. An FBI agent on the case wrote that Eisenberg knew his actions were illegal, in which he now faces fines and potential prison time.
Numoen Advises Users To Withdraw Assets
Numoen, a leverage protocol on Arbitrum, is urging its users to withdraw liquidity from the platform after uncovering issues that were missed in its security audit. So far, no user assets have been compromised. The protocol is also in the process of being upgraded with security improvements. Numoen plans to run a new audit contest on code4rena in Q1 2023.