A spat between the Balancer and STA team following the $500,000 hack suggests that the DeFi protocol was aware of the weakness. The Balancer automated market maker protocol has been hacked for over $500,000 in a single Ether (ETH) transaction, facilitated once again by a dYdX flash loan. As analyzed by the 1inch.exchange team a […]
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A DeFi lending platform for cryptocurrency, Kava Labs, could be described as the “Uber of Bitcoin,” as the platform represents an Uber-like business model. Today’s most successful entrepreneurs tapped into their wealth through startup technology companies such as Amazon, Oracle, Facebook and Microsoft. Just ask Jeff Bezos, Larry Ellison, Mark Zuckerberg and Bill Gates, who […]
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Security for mobile decentralized exchange usage depends on several factors. Using a decentralized exchange, or DEX, on a mobile device does not necessarily make for greater hacking risk, according to Kadan Stadelmann, CTO of blockchain platform Komodo. “I don’t think that the risk to a mobile DEX is necessarily higher than that of a DEX accessed […]
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The New Zealand police have recovered $90 million in assets reportedly belonging to the alleged $4 billion launderer Alexander Vinnik. New Zealand police have recovered $90 million connected to the case against suspected Bitcoin money launderer Alexander Vinnik. According to Jared Savage at the New Zealand Herald, the police Asset Recovery Unit have frozen roughly […]
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John Cantrell ensures people that Bitcoin is still safe despite the fact he successfully hacked a Bitcoin wallet. John Cantrell, Bitcoin and Lightning Network project developer, recently revealed he had successfully hacked a Bitcoin address. His article, however, received a number of responses with many concluding Bitcoin isn’t secure. Cantrell felt people missed the point […]
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While being a vital part of the transition to more scalable and secure blockchain, the Ethereum 2.0 upgrade can incur some risks for stakers, holders and traders. Alongside the ultimate scalability and security for the Ethereum network, the upcoming Ethereum 2.0 upgrade to a proof-of-stake model promises to bring additional, new benefits to its users, […]
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A deeper dive into the story involving a potential scam operation paying millions in ETH transaction fees twice in a row. The hottest Ethereum topic in June so far has been mysterious transactions that involved millions of dollars being paid to transfer small-to-medium amounts of Ether (ETH) — an activity which normally doesn’t cost more […]
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A Bitcoin developer managed to crack a BTC wallet as part of a contest launched through Twitter. Bitcoin and Lightning Network project developer, John Cantrell, explained how he was able to successfully hack a BTC address by checking around a trillion seed combinations over the course of 30 hours. The feat was accomplished as part […]
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The Bancor decentralized exchange has released a smart contract with a critical vulnerability, and is now hacking itself to save user funds from malicious actors. The newest release of the Bancor decentralized exchange appears to be vulnerable to a very serious bug that can result in a significant loss of user funds. According to the […]
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The origin of the abnormal Ether transactions that paid more than $5 million in gas fees seems to be Korean “exchange” GoodCycle. After a week of searches, it appears that the culprit behind at least two of the anomalous high fee transactions on Ether (ETH) was found. As reported by Chinese blockchain analytics company PeckShield […]
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