The hacker behind the recent theft of $25 million from DeFi platform Lendf.me has leaked important data about himself, and is already signaling for peace. The world of decentralized finance (DeFi) suffered yet another incident on April 19 as Chinese lending platform Lendf.me, part of the dForce network, was drained of almost all of its […]
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DYdX’s billion-dollar milestone comes amid a challenging period for DeFi, with MakerDAO recently completing its debt auction and dForce suffering a 99.95% loss to hackers. Decentralized finance — of DeFi — lending protocol dYdX has produced more than $1 billion in loans since launching one year ago. The milestone was driven by consecutive monthly all-time […]
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Leading Chinese DeFi protocol has lost 99.95% of locked funds in a nearly $25 million hack. Chinese decentralized finance, or DeFi, protocol dForce has been exploited in a $24.95 million hack that has resulted in its Lendf.Me lending platform going offline. According to DeFi data aggregator DeFi Pulse, the total value of funds locked in […]
Continue ReadingWhy testing smart contracts is crucial, what problems it can and cannot solve, and how to do it. Smart contracts are immutable programs: Once a contract is deployed, it cannot be altered. This allows users to be sure that the rules by which their funds are operated will not be changed. However, the same feature […]
Continue ReadingThe Bitcoin Cash halving triggered an 80% drop in hash rate over less than two days — leaving it vulnerable to a 51% attack. The recent Bitcoin Cash (BCH) block reward halving has wreaked havoc on the cryptocurrency’s hash rate — with an apparent miner exodus plummeting hash power more than 80% over two days. […]
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The developers behind the peer-to-peer cryptocurrency trading platform Bisq have temporarily disabled services after discovering a critical security vulnerability. The developers behind the peer-to-peer cryptocurrency trading platform Bisq have temporarily disabled services after discovering a critical security vulnerability. Formerly known as Bitsquare, Bisq is a decentralized exchange (DEX) that facilitates crypto-to-fiat trades without a formal […]
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Is Bitcoin anonymous, and can mixing services make it more private? Here are the weaknesses and strengths of popular crypto privacy solutions. The cryptocurrency industry was initially headlined as anonymous digital cash. While experts were keen to point out that this was not exactly the case, Bitcoin (BTC) found initial popularity in darknet markets such […]
Continue ReadingHackerOne has removed blockchain-based voting platform Voatz’s bug bounty program following a number of issues. For the first time in its history, bug bounty and vulnerability disclosure platform HackerOne has kicked a company off its platform. Blockchain-based voting platform Voatz has long touted its bug bounty program through HackerOne when asked about the security of its […]
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A firm commissioned by the Ethereum Foundation to audit the code repositories for ETH 2.0 has published the final version of its report. Technology security firm Least Authority has published an audit of the specifications for ETH 2.0 — the long-awaited overhaul of the Ethereum (ETH) protocol. Least Authority audited ETH 2.0’s during January at […]
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ZenGo has identified a major security flaw prevalent among DApp wallets whereby users grant complete access to their tokens by authorizing a single transaction. Cryptocurrency wallet provider ZenGo has built a testnet to demonstrate a major security flaw prevalent among decentralized application (DApp) wallets. On March 23, ZenGo published an article highlighting that, when authorizing […]
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