Today in DeFi - unshETH Private Key Leak, EU MiCA Singed, Perps Trading on Polygon zkEVM, and more...

unshETH Private Key Leak

One of unshETH deployer’s private keys was compromised and some USH farm rewards and protocol liquidity were compromised. The team paused withdrawals on unshETH Ether and is negotiating with the hackers for a return of lost funds worth 375k. User-deposited funds are safe and unaffected.

EU MiCA Signed

The European Parliament has officially signed the MiCA law, which was proposed to regulate crypto assets and service providers. There will be a publication of the law, followed by the entry into force 20 days after that, and entry into application 12 months & 18 months later.

MIM LayerZero Integration

Abracadabra integrates LayerZero and implemented the Omnichain Fungible Token (OFT) standard to its stablecoin MIM. MIM is now an omnistable that can be natively integrated into projects currently building on top of LayerZero.

Router Chain Testnet Live

Router protocol, a Cosmos-based L1 for interoperable dApps (iDapps), launches its alpha testnet. Router plans to launch an incentivized public testnet and onboard more devs, validators, and testers in June.

Multichain Situation Updates

The Multichain team loses contact with the cofounder and cannot access servers for maintenance, thus several chains are affected and required to stop calling Multichain’s smart contracts.

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