Note: Ackee audited previous versions of the protocol before the attacked MimCurveStakeDAO strategy was added. Exploit Causes The exploit consisted of two hacks, both of which: Price caching vulnerability The first target was Zunami ETH (zETH) and the second target was Zunami Stable (UZD). The first attack was drained. Only 26 WETH, the second is a whopping 1178 WETH. The root cause was price manipulation using . MIMCurveStakeDao The strategy is to then cache the inflated price for an entire block of UZD (suitable for flash lending) and then reverse the previous operation to profit from the inflated price. price…
Author: Crypto Flexs
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Bitcoin is struggling to stay above the $60,000 support level. Amid all the negative news, fear and bearish sentiment are sweeping the markets. Is now the time to buy more Bitcoin? Armageddon is coming Apocalyptic predictions abound. The world is on the brink of war. The economy is collapsing. Armageddon is coming. If you still hold Bitcoin, you should sell it quickly before it loses a huge amount of value. This is the kind of sentiment that is prevalent in the market right now. Bitcoin is in the process of performing its last rites before crashing down to Earth with…
Scroll, a prominent player in the blockchain space, recently announced the launch of Scroll Sessions, a native zkEVM layer 2 solution designed specifically for the Ethereum network. This innovative technology aims to address the scalability and high transaction costs associated with the Ethereum blockchain. With the rapid growth of decentralized applications (dApps) and the growing popularity of the Ethereum network, scalability has become a critical issue. Currently, limitations in Ethereum’s layer 1 infrastructure are causing congestion and skyrocketing gas fees, hindering a smooth user experience and dApp adoption. Scroll Sessions introduces a unique approach to…
introductionCryptocurrency paper trading, also called “virtual cryptocurrency trading”, is the best way to start trading cryptocurrency. This article explains: The best cryptocurrency paper trading app. What is a paper transaction?Cryptocurrency paper trading apps allow users to trade, buy and sell cryptocurrencies without risking real money. Before there were many internet trading platforms, would-be traders would practice on paper markets before investing real money in the primary markets. This is where the term ‘paper trade’ comes from. Paper traders track every trade by hand, learning and keeping an eye on constructed trading positions, portfolios, and profits or losses. In the business…
bitcoin BTC -1.85% According to JPMorgan analysts, prices are expected to fall after the halving as the event is already reflected in current prices.JPMorgan analysts led by Nikolaos Panigirtzoglou reiterated similar earlier views in a report on Wednesday: “We do not expect Bitcoin prices to rise after the halving, as this is already reflected in the price.” “In fact, we are seeing a downward trend in prices following the Bitcoin halving for a number of reasons,” the analysts said.These reasons include that Bitcoin remains “overbought,” according to an analysis of Bitcoin futures open interest. Additionally, the price of Bitcoin is…
join us telegram A channel to stay up to date on breaking news coverage The price of Dogwifsaudihat has plunged more than 71% in the last 24 hours, trading at $0.000421 as of 4:20 AM ET on volume down more than 30%. The WIFSA plunge comes as altcoins continue to bleed as cryptocurrency markets bear the weight of falling Bitcoin prices. Dogwifsaudihat As for the price, the meme coin plummeted to an all-time low of $0.000226 before recovering some of its losses. Dogwifsaudihat price outlook amid widespread market collapse With continued weakness in the market, the odds are increasingly tilting…
Parisian haute couture house Maison Margiela combines the physical and digital realms with its new MetaTABI collection, an NFT that combines a token-gated product experience with the brand’s iconic split-toe shoes.In a livestream with Rug Radio producer Stephy Fung, Maison Margiela president Stefano Rosso called the launch a “metaphorically big step forward” in collaboration with digital fashion house The Fabricant.The first phase of Web3 used the brand’s Tabi shoes, Rosso said. “It is very special in many ways. The symbolism of our Maison is linked to our unique footprint in this amazing new environment that is changing people’s lives.”MetaTABI consists…
As technology continues to change rapidly, the potential for combining artificial intelligence (AI) and blockchain is enormous. In line with this, integrating Fetch.ai’s AI agent capabilities with Ankr’s powerful blockchain infrastructure will lead to significant advancements in decentralized applications (DApps), especially in the commercial and enterprise sectors. This alliance could revolutionize the traditional model of DApp development. Fetch.ai provides blockchain as a service and develops advanced AI and high-quality efficiency in agent creation. DeltaV system. The merger therefore covers the entire spectrum of automation and AI-based services. In addition to this, Ankr provides much-needed features to implement scalable Web3 infrastructure…
World Coin plans to unveil a new blockchain, ‘World Chain’, this summer. World Chain is an Ethereum L2 chain that integrates with WLD and World ID. According to an announcement on Wednesday, April 17, WorldCoin will launch a new blockchain called “World Chain.” After the news broke, the price of the native Worldcoin token, WLD, rose slightly. At the time of writing, it is up 3% in the last 24 hours to $4.90, but has been largely in negative territory since rebounding from a high of $6.57 on April 12. World Chain – What do we know? World Chain will…
In a letter to Treasury Secretary Janet Yellen, U.S. Senator Elizabeth Warren expressed support for implementing strong anti-money laundering and counter-financing of terrorism (AML/CFT) measures on stablecoins. Warren’s letter emphasizes the importance of adopting the full suite of AML tools that Treasury requested in a November 2023 letter to Congress. Warren emphasizes that cryptocurrencies, especially stablecoins, pose a growing threat to national security. She specifically mentions that Iran and Hamas rely on cryptocurrencies to finance and fund terrorist attacks. To effectively combat these threats, Warren argues that any new cryptocurrency legislation should include the comprehensive…