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…
Author: Crypto Flexs
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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,…
Wallet of Satoshi has now withdrawn from the U.S. market, but has expressed hope for a potential return. Wallet of Satoshi (WoS), a popular Bitcoin (BTC) Lightning payment app, has mysteriously disappeared from the US Apple Inc (NASDAQ: AAPL) App Store and Google Play Store. The development comes as the app is on the verge of processing more than 1 million transactions in the month of November. Satoshi’s missing wallet Early this morning, users and members of the cryptocurrency community took it with I share my failed attempts to find WoS apps on both major app platforms to the X…
summary Introducing version 2.0 of the new and improved Vault12 Guard app, designed for everyday users and providing native support for NFTs, digital art, and Web3 wallets. The updated app provides a simplified onboarding experience, making it easier for users to create vaults and add assets. With the option to assign a Guardian for fully decentralized backup and inheritance, the app now supports subscriptions through the Apple iOS App Store and Google Play App Store.Vault12 Guard provides a consistent user experience with enhanced features such as Web3 wallet, NFT, and digital art support. The app also allows creators to secure…