LiFi Protocol is under attack, $8M drained so far

Amid ongoing investigations from Unibot and blockchain investigators, Scopescan advised users to revoke the approvals for the exploited contract and move the funds to a new wallet. 37 Total views 2 Total shares A new contract deployed on Oct. 29 by Unibot, a popular Telegram bot used to snipe trades on the decentralized exchange Uniswap

Few doubt the potential that DeFi has to redefine crucial aspects of finance for all. But, as it stands, using DeFi platforms and protocols is often time consuming and anything but easy.One of the biggest draws of DeFi are the yields users can earn on farming and staking protocols. However, the yields on offer are…

Estonia-based cryptocurrency and tokenized stock exchange DX.Exchange has reportedly fixed a critical vulnerability that leaked sensitive user data.Technology news website Ars Technica reported on the security leak Jan. 9, citing an anonymous trader who conducted a security analysis of DX.Exchange.According to Ars Technica’s article, a trader, who wished to remain anonymous due to legal concerns,…

Stablecoin operator Tether is building specialized Bitcoin mining software aimed at using data analytics to optimize mining operations and boost production, CTO Paolo Ardoino says. 271 Total views 2 Total shares Stablecoin issuer Tether (USDT) is building specialized software to optimize Bitcoin mining and renewable energy operating using data analytics, following recent investment endeavors into both…

Immunefi’s largest bug bounty to date aims to help MakerDAO pinpoint potential vulnerabilities in its smart contracts and apps to prevent monetary losses. 264 Total views 37 Total shares MakerDAO has announced that it will begin offering a maximum of $10 million bounty to white hat hackers and cybersecurity specialists who point out legitimate security…

Ripple has long occupied a controversial position in the cryptocurrency industry. The ascension of Ripple’s in-house token, XRP, to the position of the second-largest cryptocurrency by market cap was enough validation for some that the company was set to play a major role in the industry for many years to come. However, since those halcyon…

Crypto traders see potential for other market platforms to exit after crypto derivatives exchange Deribit announced a move to Panama from its EU base in the Netherlands."This is something they had hinted at in an interview months ago, and it’s something I fully expect we see more of going forward in the crypto space,” trader,…

On Nov. 9, drugmaker Pfizer announced that its COVID-19 vaccine is 90-plus percent effective, and even though it may be premature to proclaim the pandemic’s end — as the virus continues to rage in the United States and Europe — once can at least speculate: Where will blockchain adoption stand when the crisis abates?Some predicted, after…

NFT sales in June alone have eclipsed those for the entire first half of 2020 for the OpenSea marketplace. 230 Total views 5 Total shares Sales of nonfungible tokens (NFTs) have surged to record highs in the first half of 2021.There has been $2.5 billion in NFT sales in the first six months of this…