lbtc

According to GoPlus monitoring, a user lost $230,000 worth of aArbWETH and aEthLBTC to a phishing attack after signing a malicious permit and increaseAllowance transaction.

According to Scam Sniffer monitoring, a user lost 12 Aave Ethereum LBTC (aEthLBTC) due to signing a malicious license signature, resulting in a loss of approximately $1.08 million.Slow Mist Yu Xian stated that the phishing gang behind this attack is not mainstream and quickly converted the phishing proceeds into ETH, laundering it through Tornado Cash.

ChainCatcher news, Bitcoin DeFi protocol Lombard has launched yield-bearing Bitcoin asset LBTC on the Solana network. LBTC is an SPL token issued by Lombard, fully backed by Bitcoin, and secured by a decentralized network of validators, while providing real-time proof of reserves. LBTC has been launched on Ethereum, Base, and Sui networks, with a circulation of 1.5 billion dollars.

ChainCatcher news, according to The Block, the Bitcoin re-staking platform Lombard has partnered with the Eigen Foundation, which governs the Ethereum re-staking protocol EigenLayer, to introduce Lombard's liquid staking token LBTC into the EigenLayer re-staking ecosystem. This collaboration allows Bitcoin holders to earn underlying yields through the Babylon protocol while participating in EigenLayer re-staking to obtain additional rewards.Lombard co-founder Jacob Phillips stated that this is the first time Bitcoin has entered the re-staking ecosystem in the form of LBTC, marking a breakthrough in Bitcoin's transition from a store of value to a yield-generating tool. Both parties also plan to strengthen the security of Bitcoin's re-collateralization and reduce design complexity through collaboration in the next six months.

ChainCatcher news, Lombard Finance announced that the Bitcoin-based liquid staking token LBTC will be launched on the Sui blockchain, marking its first expansion to a non-Ethereum Virtual Machine (EVM) compatible chain. This expansion will extend LBTC beyond the current blockchains it uses, including Ethereum, Base, and BNB Chain, aiming to use Bitcoin as collateral for decentralized finance (DeFi) applications.

ChainCatcher message, according to security company QuillAudits monitoring, the Mode-based Ionic platform has been hacked, with hackers using unofficial fake LBTC (Lombard BTC) as collateral for lending on the Ionic platform. The team is currently investigating. The estimated loss from this attack is about 8.8 million dollars.On-chain detective ZachXBT commented on the matter: Ionic is the successor to the Midas protocol, which had experienced two hacks in 2023, while the Ionic project launched using an old audit report from Midas in 2022.

ChainCatcher news, according to an announcement from Sonic Labs, LBTC developed by Lombard Finance is about to launch on Sonic. LBTC is a yield-bearing liquid staking token backed by Bitcoin, aimed at transforming Bitcoin from a store of value into a productive asset, providing additional returns for holders.

ChainCatcher message, Sui announced a partnership with Babylon and Lombard to provide users with LBTC minting services on the Sui chain. The Sui lending protocol NAVI has also indicated plans to collaborate with Lombard and support LBTC mining pools on the protocol.

ChainCatcher news, Binance Labs announced an investment in the Bitcoin liquid staking platform Lombard. Jacob Phillips, co-founder and strategic director of Lombard, declined to disclose the valuation in the latest funding round but noted that the startup's total funding is currently around $17 million, up from $16 million in the seed round four months ago, indicating that Binance Labs' investment is approximately $1 million.According to RootData, Lombard was founded in April 2024 and is dedicated to unlocking the potential of Bitcoin as a dynamic financial tool by connecting Bitcoin with DeFi. Lombard enables yield-generating BTC to move across chains without fragmenting liquidity, paving the way to become the largest catalyst for bringing net new capital into DeFi. Its flagship product, LBTC, is a yield-bearing, cross-chain, highly liquid Bitcoin backed 1:1 by BTC.

ChainCatcher news, OKX Ventures announced an investment in Lombard, a Babylon-based solution that provides cross-chain liquid staking for Bitcoin.Lombard's flagship product is LBTC. Lombard collaborates with Babylon, whose staking protocol allows Bitcoin assets to be staked in a trustless and self-custodial manner, providing economic security for Proof of Stake (PoS) systems. Through Babylon, staked Bitcoin assets are converted into LBTC, enabling integration into the most commonly used DeFi protocols on the Ethereum mainnet and future popular Layer 2 chains. LBTC moves seamlessly across chains and is used as collateral in decentralized finance, aiming to unlock over $1.3 trillion in Bitcoin for lending and trading. This initiative not only brings new capital opportunities for Bitcoin holders but also drives growth across various ecosystems and DeFi protocols, thereby enhancing the utility and liquidity of Bitcoin.