Cryptocurrency Analysis and News Portal
Sam Sun, a researcher at crypto investment firm Paradigm, explained on Twitter that a recent update to one of Nomad’s smart contracts made it easy for users to spoof transactions, meaning people could withdraw money from the bridge that didn’t actually belong to them. Original Source
Read More
Prices of the protocol’s ANA tokens fell nearly 80% following the attack. Original Source
Read More
“Although our investigation remains ongoing, the facts discovered to date indicate that transfer requests were made by utilizing properly authenticated accounts controlled by IRA Financial Group, which were used to execute asset transfers to another account,” the firm wrote late Sunday night. “At the time, these requests complied with IRA’s
Read More
More than $150 million has been lost this week in separate security breaches at DeFi projects MonoX and BadgerDAO.Multi-chain decentralized exchange (DEX) MonoX (MONO) suffered a cyber attack on Nov. 30 leading to about $31 million in losses. BadgerDAO (BADGER) suffered a front-end attack that was discovered on Dec. 2
Read More
Decentralized finance platform Akropolis’s yCurve pools have been drained resulting in the loss of $2 million. Source
Read More
Signature Bank gave out dozens more small business PPP loans to crypto firms than previously known, Ethereum Classic has suffered another 51% attack and a digital yuan wallet went live and disappeared this weekend. You’re reading Blockchain Bites, the daily roundup of the most pivotal stories in blockchain and crypto news, and
Read More
Ethereum’s budding decentralized finance ecosystem has gone parabolic over recent weeks.The value of cryptocurrencies locked in DeFi applications has skyrocketed to $1.65 billion, 65% higher than this metric was just 12 days ago. Simultaneously, the number of users leveraging applications like Compound, Maker, and Synthetix has skyrocketed.Unfortunately, a purported hack
Read More