News

According to a report by Jinse Finance, Scroll DAO representative olimpio (@OlimpioCrypto) disclosed on social media platform X that Scroll DAO has officially announced the suspension of its governance mechanism, and DAO leader Eugene has formally resigned this week. Based on the latest representative meeting content shared by olimpio, Scroll co-founder Haichen (@shenhaichen) stated that the team is "redesigning governance," but no clear follow-up plan or timeline has been provided yet.

Jinse Finance reported that the DeFi protocol Nemo on Sui has released an incident report stating that due to security vulnerabilities in the flash_loan and get_sy_amount_in_for_exact_py_out functions within the contract, attackers exploited these flaws, resulting in an asset loss of approximately $2.59 million. The attack stemmed from developers launching new features without thorough auditing and failing to promptly fix known risks. The majority of the funds were transferred to Ethereum via a cross-chain bridge. The protocol's core functions have now been frozen, a vulnerability patch has been submitted for emergency audit, and the team is formulating user compensation and asset tracking plans.