Aztec | Crypto

Security researchers warn that deprecated smart contracts can remain vulnerable long after projects stop maintaining them. Deprecated Aztec infrastructure has suffered a second exploit within days, adding to concerns about the security of abandoned smart contract infrastructure. Aztec’s private rollup bridge was exploited on Thursday for 1,158 Ether (ETH), 150,000 Dai (DAI) and 0.46 renBTC (RENBTC), totaling about $2.15 million, according to Cos, the co-founder of cybersecurity company SlowMist. His preliminary analysis found that the attacker used a false rollup proof to trick the protocol into releasing assets from its reserves to the attacker's address. Read more

Aztec launched its Ignition mainnet with no centralized operators, opening community staking amid its major token sale and positioning itself as a fully decentralized L2. Ethereum layer-2 network Aztec launched its mainnet Wednesday — albeit with partial functionality — marking the launch of one of the few fully decentralized networks in the ecosystem. According to an Aztec email viewed by Cointelegraph, Aztec has launched its “Ignition” mainnet chain, a functional consensus-producing chain that generates blocks, but without the smart contract execution layer. According to L2Beat, only the trustless, optimistic rollup network Facet v1 and Aztec’s old decentralized finance (DeFi) anonymization project, Zk.Money are classed as a stage 2 system with full decentralization. Read more