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Decentralized exchange QuickSwap has become the latest victim of a flash loan attack. The Uniswap DEX fork, which runs on Polygon and issues the MATIC crypto, was hit for $220,000. Flash loan attacks happen when an exploiter takes out many loans from a DeFi protocol and then sells the borrowed crypto. Unfortunately, decentralized exchanges are […]
Another day, another crypto hack, but this one has a twist. Namely, after taking off with 30,000 OHM coins issued by OlympusDAO, a mysterious hacker has quickly returned the tokens, worth some $300,000. While we can speculate on the hacker’s motives, we do know that they exploited the bond contract, run through the Bond Protocol […]
According to a new report released by the Nationwide Affiliation of Software and Providers Organizations (NASSCOM), a non-profit organization in India with roughly 3,000 associates, India presently has 11% of the world’s Web3 knowledge. With roughly 75,000 blockchain specialists already employed, India is the world’s third biggest in terms of its World Wide Web3 workforce. […]
Instead of flooding the market, by using the deflationary model, we’re removing extra tokens from circulation and thus “returning the value” to our community, the $ARI10 token holders. #blockchain #burn
Following last week’s Binance Smart Chain hack, another DeFi platform was now hit. This time, the Solana-based trading platform for perpetual futures and spot margin trading, Mango Markets, was the target of the exploit, with the attacker taking off with $100 million. According to the blockchain security firm OtherSec, the hack was carried out by […]
Is crypto marketing the lifeline of every crypto project? Definitely, business owners should be prepared to bury their projects if their marketing isn’t successful. Regardless of how great your project is, whether it’s an initial exchange offering, an NFT marketplace, or a coin offering, it will fail if nobody knows about it. The value you’re […]
Binance Smart Chain has paused its operations following the exploit which saw the attacker take off with some $100 million. In addition, according to blockchain security company SlowMist, there is more than $400 million worth of crypto that was frozen on the BNB Chain before the hacker was able to pocket the money. The cross-chain […]
Horizon, the development team behind the NFT game Skyweaver, announced that it has gathered $40 million in Series A funding. Among other companies, video-game publishing giants Ubisoft and Take-Two Interactive participated in the funding. Skyweaver is a competitive cards game, similar to the famous video-game Hearthstone, but with playing cards being in the form of […]
Another day, another crypto hack, but this one has a happy ending. Following the $23 million exploit of the DEX aggregator Transit Swap, the attacker has now returned 70% of that sum, with the rest expected to follow soon. According to the blockchain security company, PeckShield, the hacker took advantage of a bug in Transit’s […]
Blockchain software firm Veritaseum Capital has filed a lawsuit against one of the leading crypto exchanges, Coinbase. According to the lawsuit, the crypto exchange has illegally been using Veritaseum’s patented technology for secure crypto payment transfers. Some of Coinbase’s services relying on this tech include Coinbase Pay, Commerce APIs, and iOS and Android wallets. Due […]
