Hackers exploited Gala Games’ smart contracts to mint 5 billion tokens worth $200 million, some of which were converted to Ethereum. The post Gala Games hits $200 million in internal jobs appeared first on Crypto Briefing.
Author: Crypto Flexs
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If we do the research, you can get alpha!Get exclusive reports and key insights on airdrops, NFTs, and more! Subscribe to Alpha Reports now and enjoy the game!Go to Alpha ReportThe price of Gala Games (GALA) tokens plummeted on Monday after attackers minted and leaked 5 billion tokens through the Gala smart contract. The value of swiped tokens at the time of the attack was approximately $240 million.Ultimately, the attackers sold 600 million tokens through the decentralized exchange Uniswap. This was worth approximately $29 million worth of tokens at the time of the attack. While selling was in progress, the…
According to linea.mirror.xyz, Linea has launched Linea Surge, a multi-part initiative designed to increase liquidity and total value locked (TVL) on Linea’s layer 2 (L2) blockchain network. The Surge introduces LXP-L, a new token that rewards users for holding assets on Linea and provides bonuses for leveraging those assets through partner protocols. StationX, an on-chain capital reconciliation protocol, is emerging as a key player in Surge. StationX and Surge StationX provides users with a way to engage with diverse communities and experiment with new DeFi strategies. StationX’s stations allow on-chain communities to pool resources, collectively…
Astar zkEVM is working to strengthen the ecosystem growth. As part of this effort, the network has partnered with Sequence to launch a product. The network is also offering subsidies to further incentivize developers. Astar zkEVM launched on March 6 as the first Ethereum Layer 2 connected to Polygon’s AggLayer and has since been working to solidify its position as a leading Layer 2. As part of this effort, the project made the following announcement just 24 hours after launch: Our partnership with Pyth Network provides secure, real-time data to dApps. The project announced a new product in collaboration with…
Finding the next cryptocurrency investment means jumping into projects that have real growth potential. Solana, Arbitrum, BlockDAG It’s more than just a popular name. They are pioneers making important developments in the cryptocurrency space. Solana is growing with strong institutional support, Arbitrum is at the forefront of Uniswap’s layer 2 solutions, and has differentiated itself with BlockDAG’s cutting-edge approach and incredible pre-sale success of $28.5 million. These cryptocurrencies have paved the way for significant growth, making them top candidates for anyone looking to invest in the future of digital currencies. Let’s take a look at why it’s the best cryptocurrency…
index Digital currency trends may constantly change, but Brazil appears to have solid support with an innovative spirit and direct regulatory approach. This supportive environment has led to a boom in cryptocurrency purchases in the country, with cryptocurrency imports reaching $14.8 billion over the past 12 months as of March. Amid this growth, Coinbase, one of the world’s leading cryptocurrency exchanges, has made significant progress in Brazil. Labeled a “Go Deep” market in Coinbase’s growth strategy, Brazil’s large, tech-savvy population aligns perfectly with the company’s vision. Mike Ermolaev spoke with Fábio Plein, Managing Director of the Americas at Coinbase, to…
The price of Bitcoin rose more than 8% and surged above $70,000. BTC is now consolidating gains and showing further upside in the near term. Bitcoin started a new rally above the $70,000 resistance zone. The price is trading above $79,000 and the 100-hour simple moving average. The hourly chart of the BTC/USD pair (data feed from Kraken) has a bullish trendline connecting with support at $70,500. Unless the bears break below $68,800, the pair could begin another rally. Bitcoin price rises 8% Bitcoin price has formed a base above the $66,500 level. BTC began a new rally above the…
On May 20, the price of Ether (ETH) surged more than 18% after Bloomberg senior analyst Eric Balchunas increased the odds of approval for an Ethereum exchange-traded fund (ETF) from 25% to 75%. Balchunas noted that the U.S. Securities and Exchange Commission likely faced political pressure because it had little involvement with ETF applicants in its previous stance.source: Eric BalchunasBalchunas said the SEC has reportedly asked exchanges such as the NYSE and Nasdaq to update their filings, although there has been no formal confirmation from regulators. Nonetheless, Nate Geraci, co-founder of ETF Lab and president of ETF Store, said a…
Crow Unveils Groundbreaking, Innovative Web3 Escrow Platform on Social, Enhances Transaction Security and Transparency – Chainwire housenewsroomCrow unveils groundbreaking, innovative Web3 escrow platform on social network, improving transaction security and transparency We use cookies to make Chainwire’s website a better experience. Cookies help us provide you with a more personalized experience, relevant advertising and provide us with web analytics. Technical storage or access is strictly necessary for the legitimate purpose of enabling the use of specific services explicitly requested by the subscriber or user, or for the sole purpose of transmitting communications over electronic communications networks. Technical storage…
U.S. authorities have arrested and charged a Taiwanese national for running a secret darknet drug bazaar. He used this marketplace to facilitate more than $100 million in cryptocurrency-denominated sales of illegal drugs, including fentanyl.