Catching the Cryptocurrency: Successful Tracking of dYdXIn a prominent disclosure, decentralized exchange dYdX identified those behind an attack on its v3 platform on November 17, 2023, which drained $9 million from its insurance fund. This groundbreaking advancement in cyber investigations marks a pivotal moment for exchanges in the fight against digital crime.1/ After investigating the YFI incident that occurred in dYdX v3, we successfully tracked down the person responsible and reported it to law enforcement.This is our deep dive and next steps 🧵https://t.co/JGxebpERYl- dYdX (@dYdX) January 3, 2024 Security Upgrades: Stay one step ahead of future threatsAfter an attack, dYdX…
Author: Crypto Flexs
Read More
Catching the Cryptocurrency: Successful Tracking of dYdXIn a prominent disclosure, decentralized exchange dYdX identified those behind an attack on its v3 platform on November 17, 2023, which drained $9 million from its insurance fund. This groundbreaking advancement in cyber investigations marks a pivotal moment for exchanges in the fight against digital crime.1/ After investigating the YFI incident that occurred in dYdX v3, we successfully tracked down the person responsible and reported it to law enforcement.This is our deep dive and next steps 🧵https://t.co/JGxebpERYl- dYdX (@dYdX) January 3, 2024 Security Upgrades: Stay one step ahead of future threatsAfter an attack, dYdX…
Dash is a popular cryptocurrency that offers a variety of features and benefits to users. Whether you’re new to the cryptocurrency world or a seasoned investor, mastering Dash can open a world of opportunity. In this ultimate guide, we’ll take a look at all things Dash, how to use it, and how to maximize its potential. What is a dash? Dash is a digital currency that aims to be as user-friendly as possible. Originally launched as Xcoin in 2014, it was later rebranded as Darkcoin and then settled on the name Dash, meaning “digital cash.” Dash has gained popularity for…
The cryptocurrency strategist, who hit Bitcoin (BTC)’s lowest price during the 2018 bear market, believes Solana (SOL) is poised for a steep rally. Alien analyst Bluntz told his 234,400 followers on social media platform X that Solana appeared to be forming a bullish reversal pattern on the one-hour chart. According to the analyst, he expects SOL to consolidate briefly before starting a parabolic rally. “Beautiful round bottom formed in SOL. I wouldn’t be surprised to see a high period on this go sideways before the next surprising parabolic leg appears.” source: Blunts/X Bluntz with Solana now trading well above the…
Shiba Inu (SHIB) has established itself as an outstanding performer, taking the position as the second most traded token on popular cryptocurrency exchanges in India. This is a notable achievement in the highly competitive digital asset market, as SHIB outperformed both Bitcoin and Polygon in February, demonstrating a dramatic shift in investor tastes. Shiba Inu: Dominating the trade, a memorable 2023 WazirX, India’s leading cryptocurrency exchange, revealed that Shiba Inu (SHIB) ranked second in terms of platform trading volume last year. The 2023 WazirX Year-End Report is available at đź“ť. 🚀 Top performing coins by trading volume:» #BTC next #SHIB…
Binance, the world’s largest cryptocurrency exchange, recently launched its 43rd Launchpool project, Xai (XAI). Launchpool events centered around the XAI token provide exciting opportunities for users to earn rewards by staking their BNB, FDUSD, and TUSD assets. This move by Binance is significant as it demonstrates continued innovation in the cryptocurrency space. XAI Token and Launchpool Details Launch Date: Binance officially announced the launch of the XAI token on its platform on January 3rd. Project Focus: Xai is the first layer 3 network on blockchain, designed as a gaming-centric platform within the Arbitrum layer. Staking Period: Staking of BNB, FDUSD…
devcon is Coming in 2022 (With new content 🤫) Be sure to check out the all-new Devcon archive ahead of the next event update. Check out the new Devcon archive Devcon’s impact extends beyond just a physical event, and with this in mind, we’ve completely revamped the Devcon archive. Changes include improved UX, better content discoverability, less reliance on YouTube, more decentralized content through IPFS, and community involvement in curation. We hope that through all of this, DevCon can become an unrivaled educational resource to learn about the past, present, and future of the ecosystem. Read on to learn more…
Cryptocurrency exchange OKX will align itself with traditional financial standards in the UK by introducing a mandatory risk perception questionnaire for UK users from January 8, 2024. This move is a direct response to new regulations implemented by the UK Financial Conduct. The Authority (FCA) reflects a growing trend to incorporate more stringent measures in the cryptocurrency sector to encourage responsible trading and informed decision-making. new regulatory environment The FCA’s latest regulations, designed to strengthen industry oversight and encourage responsible trading, are significantly reshaping the UK cryptocurrency landscape. These rules require cryptocurrency companies to register with the financial regulator and…
The introduction of the STX20 protocol to Bitcoin Layer 2 (L2) on Stacks was a pivotal moment for the Ordinals-style asset, according to the project developers. Amid growing demand for innovative use cases in the Bitcoin ecosystem, the Stacks team believes that STX20 testing has demonstrated significant potential for scalability and efficiency. Stacks seeks to transform the Bitcoin ecosystem with STX20 L2 solution On December 17, the STX20 protocol was launched on Bitcoin Layer 2 by Stacks, with the goal of testing the practicality and impact of Ordinals-style assets on a Layer 2 platform. The surge in popularity of Ordinals…
Today’s Decentralized Exchange dYdX published After-action investigation into a “targeted attack” that occurred on the v3 platform in November Loss of $9 million in insurance fundsThis accounts for approximately 40% of the total.“After investigation, the identity of the attackers has been identified and we are in contact with them,” dYdX said in the post. We are currently considering legal options against the perpetrator.The platform noted that the attackers had opened significant 5x leveraged buy positions. YFI -8.43% -USD available for over 100 wallets. YFI It is the native token of the DeFi protocol Yearn Finance. According to dYdX, the attackers…