Today in DeFi - Uniswap Router Vulnerability, Wyre to Shut Down, Leveraged Trading on Arbitrum, and More...

Uniswap Router Vulnerability

Dedaub @dedaub

The Dedaub team has disclosed a Critical vulnerability to the Uniswap team! Funds are safe - Uniswap addressed the issue and redeployed the Universal Router smart contracts on all its chains 👏 The vulnerability allows re-entertrancy to drain the user's funds, mid-tx. 🧵

Uniswap recently introduced Router, a new feature that unifies ERC20 and NFT swapping into a single swap router, however security firm Dedaun found a vulnerability in Router that could potentially cause reentrancy exploits and fund losses.

Wyre to Shut Down

crypto.news @cryptod0tnews

Crypto firm Wyre has reportedly informed its employees it is shutting down operations in the first quarter of 2023. Its CEO insists that the company is scaling back

crypto.newsWyre said to shut down and lay off employees as CEO declares scaling backCrypto firm Wyre has reportedly informed its employees it is shutting down operations in the first quarter of 2023. Its CEO insists that the company is

Crypto payments company Wyre has informed its employees via email that the the company would liquidate, and plans to terminate services in January 2023.

Avalanche Subnets Messaging

Avalanche 🔺 @avalancheavax

Subnet-to-Subnet messaging is now live on Avalanche thanks to Avalanche Warp Messaging (AWM). dApps running on a dedicated Subnet will now easily interoperate with other Subnets–with no reliance on crypto bridges. theblock.co/post/197476/av…

Avalanche has enabled messaging between subnets (Avalanche-based chains) without reliance on bridges.

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