News

Regarding the incident where zkLend was attacked and over 9 million US dollars were stolen, SlowMist published an analysis on platform X stating that the core reason for this attack lies in the safeMath library used by the market contract. When performing division calculations, it uses direct division, which leads to a rounding down flaw when calculating the actual number of zTokens that need to be destroyed during withdrawal operations. Attackers may exploit this vulnerability to illegally gain profits. SlowMist reminds users to closely monitor their asset status on zkLend and temporarily stop any recharge actions related to zkLend to avoid possible losses.

The annual inflation rate in the United States unexpectedly rose to 3% in January, economists had predicted that the inflation rate would stabilize at the level of 2.9% from December last year. This supports the Federal Reserve's rationale for slowly advancing interest rate cuts and has hit both stock markets and government bonds. The month-on-month increase in January also exceeded expectations, reaching 0.5%, higher than the expected 0.3%. After data was released, there was a significant sell-off of government bonds and stock futures. The yield on two-year US Treasury notes closely related to interest rate expectations soared to 4.37%. Futures for both S&P500 index and NASDAQ fell by more than 1%.