The decentralized finance (DeFi) sector has been hit by a potential security exploit, raising concerns among investors. Gamma Strategies, an Ethereum-based asset management protocol, has experienced an anomaly that could result in a significant loss of Ether, prompting questions about the protocol’s security. PeckShield, a blockchain security firm, discovered a $469,000 anomaly linked to Gamma, […]
Huobi Korea, a leading virtual asset exchange, has announced the termination of its local virtual asset trading services. The decision comes as part of the exchange’s strategic move to adapt to the changing market dynamics and improve its overall offerings. The termination is scheduled for January 29, reflecting concerns about the current industry environment.In addition […]
One of the largest online communities dedicated to Solana, a popular cryptocurrency, has over 6,000 members, according to blockchain security firm Chainalysis. Recently, there has been growing concern about malicious decentralized applications that target users with Solana-based scams. These scams are known as “drainers” and they drain funds from digital wallets. The most successful drainer […]
A recent report from blockchain analysts suggests that the attacker responsible for draining $81.5 million from the Orbit bridge may have been involved in several other crypto cyberattacks in 2023. The report claims that the same criminal group may have targeted Coinspaid, Coinex, and Atomic Wallet using similar tools and patterns.The analysts attempted to trace […]
Cyvers, a cybersecurity firm, has uncovered a malicious attack on RDNTCapital, a decentralized finance (DeFi) platform. The attack resulted in a loss of over $4.4 million for RDNTCapital. The attackers used sophisticated methods, executing multiple transactions and exploiting vulnerabilities in the platform.In response to the breach, RDNTCapital temporarily halted lending and borrowing markets on Arbitrum, […]
Radiant Capital, a decentralized finance (DeFi) lending protocol, has temporarily halted its operations on the Ethereum layer2 network Arbitrum after suffering an exploit that resulted in the loss of 1,900 ETH, equivalent to $4.5 million. The protocol received a report of an issue with its newly created native USDC market on Arbitrum, prompting the Radiant […]
Bitcoin, Ethereum, and Dogecoin experienced significant price increases on the first day of 2024. Bitcoin crossed the $45,000 mark, while Ethereum and Dogecoin also saw spikes in their values. This surge in cryptocurrency prices has caught the attention of investors and traders.Meanwhile, the US office building market is bracing itself for a potential debt cliff […]
Orbit Chain, a cryptocurrency platform, has confirmed that it was hacked, resulting in an estimated loss of $81 million. The attack is believed to be linked to North Korea, according to one expert.The hack was discovered recently and is considered to be a significant breach in the security of the platform. The stolen funds amount […]
The recent attack on Orbit Chain’s cross-chain bridge has resulted in nearly $100 million worth of cryptocurrency being stolen in December, making it the fifth-highest month for hacks in 2023. The exploit targeted the bridging service of Orbit Chain, a cross-chain protocol launched in South Korea in 2018. The breach occurred on December 31st, leading […]
A new mechanism for handling temporary or transient storage during smart contract execution is being proposed as part of Dencun. This proposal, known as EIP-1153, aims to introduce an opcode that would allow smart contracts to use transient storage, which would be wiped clean at the end of transaction execution.Currently, storage operations on Ethereum are […]
