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A flash loan attack on the BNB Chain has resulted in the largest single arbitrage profit in its history, according to security experts. The attacker exploited a price manipulation vulnerability on the BH token (BH) and made off with $1.27 million in USDT. As reported by Chinese journalist Colin Wu on Oct.
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"To salvage their case, Defendants concocted a false story. In the WIPO proceeding, Defendants obscured the true beginnings of the 'Trader Joe' name and falsely claimed that the platform had been named for the co-founder’s brother," the filing says. Source
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Cutbacks at Yuga LabsBored Ape Yacht Club creator Yuga Labs has announced a restructuring that has seen several roles “eliminated across the company.” The exact number of layoffs hasn't been specified, however, in an Oct. 6 blog post shared via X ( formerly Twitter), Yuga Labs CEO Daniel Alegre suggested
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PancakeSwap v3, a decentralized exchange, has deployed on opBNB, a layer-2 scaling solution for the BNB Chain. The launch aims to reduce gas fees and enhance capital efficiency. By launching on opBNB, PancakeSwap is now available in six layer-2 solutions distributed across various mainnets, including off-chain scaling solutions for Ethereum.
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Celo, a blockchain platform, is exploring migrating from its standalone blockchain to an Ethereum (ETH) Layer-2 (L2) network. Originally, Celo had planned
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This year has brought about changes in the global economy and regulations for virtual assets. Even so, the crypto industry is still progressing by introducing new products that meet the demands of users and the community. One of these new developments is real-world asset (RWA) tokenization, which can offer a fresh opportunity
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The BNB Chain development team has unveiled launched opBNB on the mainnet to scale decentralized applications (dapps). This milestone comes after a rigorous testing phase aimed at assessing the network’s overall reliability and functionality. Built on Optimism’s software package known as OP Stack, opBNB is a layer-2 scaling solution engineered to
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The BNB Chain blockchain ecosystem is set to tap into Optimism's rollup technology powering its newly launched opBNB layer 2 scaling platform.BNB Chain announced the public mainnet launch of its Ethereum Virtual Machine (EVM) compatible L2, which delivers lower gas fees and faster transactions to decentralized applications running within the
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Stack AV has a team of experienced developers working on an AI-powered technology to increase productivity and efficiency in truck businesses. Artificial Intelligence (AI) technology is expected to significantly revolutionize the automotive industry in the coming years, and Stack AV is well positioned to lead in the truck business. Backed by
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MakerDAO co-founder Rune Christensen has submitted a proposal to build the decentralized finance project’s upcoming native chain off of a fork of Solana’s codebase, and not the Ethereum Virtual Machine despite its long-running ties with Ethereum. MakerDAO’s native chain or what is currently dubbed as “NewChain,” is part of the
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