Cryptocurrency entrepreneur Justin Sun confirmed that two platforms linked to him, HTX exchange and Heco bridge, were attacked.“HTX and Heco cross-chain bridges were attacked by hackers. HTX fully compensates for HTX’s hot wallet losses. Deposits and withdrawals will be temporarily suspended. All funds at HTX are safe and the community can rest assured. We are investigating the specific reason for the hacker attack. “We plan to resume service after completing the investigation and determining the cause.”Blockchain security company Cybers Alerts estimated the loss from the attack to be more than $100 million. Meir Dolev, Chief Technology Officer at Cybers Alerts,…
Author: Crypto Flexs
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Kraken founder Jesse Powell warned: “A new threat to the industry’s reputation” After the incident that led to the resignation of Binance founder Changpeng Zhao. Powell Doesn’t Congratulate Binance Survey Results express This decision left the industry feeling “fairer” despite what happened. “New threat”. There is no doubt that the US and EU are taking a harsh stance on cryptocurrencies. The SEC is also tracking Kraken Powell, who stepped down as CEO of Kraken in April, has become one of the most important players in the cryptocurrency industry, especially in the United States. The exchange Powell co-founded in 2011 became…
There are already a lot of Zunami hack posthumous articles that are almost identical. Here is our opinion. 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…
The Cosmos Hub community has approved a proposal that aims to lower the maximum inflation rate of its token, Cosmos (ATOM), from 14% to 10% as a security enhancement measure. The purpose of this proposal is to lower the annual interest rate for stakers with the intention of fostering long-term profitability and encouraging price growth of ATOM. The proposal, which received 41.1% support, narrowly passed with 38.5% voting against, marking the highest voter turnout in Cosmos ecosystem history. The approved changes will increase Atom’s annual staking yield from approximately 19% to approximately 13.4%. According to the proposal, Cosmos Hub suffered…
Following the early access launch of the controversial new Ethereum Layer 2 network Blast, Paradigm, which led Blast’s seed round along with Standard Crypto, has spoken out against the project’s tactics. Dan Robinson, head of research at Paradigm, wrote in a post on I said I was crazy. “We also believe that much of marketing saves work costs for serious teams,” Robinson added. Paradigm approached the Blast team with concerns, but “there were still a lot of disagreements,” Robinson said. “We do not support these kinds of tactics and do not take our responsibility to the ecosystem seriously.”But Robinson also…
Polygon price has been strong over the past few days, driven by increased whale activity and positive on-chain data. The Polygon network’s underlying assets are up nearly 15% last week and are up more than 7% so far this month. Despite this, the asset remains 22.76% lower year to date. MATIC price rally Polygon prices are hovering around their highest levels since August due to increased adoption of the asset and surge in whale activity. MATIC’s overall market capitalization rose more than 4% over the past day to $5 billion, ranking it 12th among digital assets.Day After Toncoin. The total…
Tom Farley, former chairman of the New York Stock Exchange (NYSE) and current CEO of Bullish, shared his optimistic outlook for the future of cryptocurrencies, particularly Bitcoin, following the potential approval of a Bitcoin spot exchange in an exclusive interview with CNBC. . -Securities and Exchange Commission (SEC) exchange traded fund (ETF).Farley’s comments come as speculation continues surrounding the SEC’s decision on whether to approve a Bitcoin spot ETF. This is a move that could potentially open the floodgates to institutional investment in the Bitcoin market.In the interview, Farley emphasized the importance of approving a spot ETF, arguing that it…
Injective, a Cosmos Layer-1 blockchain designed to power next-generation DeFi applications, has chosen Kava Chain’s native USDT for Perps trading. The Kava Chain is a secure, ultra-fast layer 1 blockchain that combines the developer power of Ethereum with the speed and interoperability of Cosmos. This collaboration is poised to deliver significant benefits to users of both platforms, signaling that this innovative partnership is poised to reshape the DeFi world. The integration of Kava Chain’s capabilities with Injective’s innovative DeFi technology is set to deliver a variety of benefits to both platforms, including enhanced trading opportunities, improved liquidity, and cross-chain flexibility.…
What is Real World Assets (RWA) in cryptocurrency? Cryptocurrency enthusiasts! Enjoy the fantastic world of Real World Assets (RWA) in the world of cryptocurrencies. We’re not talking about science fiction. These are real-world assets like real estate, gold, or your grandma’s secret cookie recipe, but with a cryptocurrency twist! So RWA is basically a tangible asset that exists in the real world, like your favorite pizza place or an 80s disco ball. But you know what? They jumped into the digital pool, tokenizing and flashing everything to meet decentralized finance (DeFi) organizations. The ABCs of Cryptocurrency RWA Imagine real-world assets…
Written by Bradley Stone, Head of Research, EEA “These are exciting but challenging times. We want to expand our working group, especially as the importance of cross-chain interoperability increases in the industry.” Cross-chain interoperability is defined as the ability to transfer assets from one blockchain to another, send and receive messages between blockchains, and initiate operations across multiple blockchains. As the blockchain space evolves, cross-chain communication has become one of the most important aspects. This includes working on the public Ethereum blockchain environment. In a conversation with Zhang WeijiaEEA Cross-Chain Interoperability Working Group Chair and Vice President of Engineering Wanchain,…