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BonqDAO, behind the Bonq protocol, told followers on Twitter on Feb. 1 that its protocol had been hacked by Oracle. This allows attackers to manipulate the price of tokens. AllianceBlock (ALBT) Bonq protocol was exposed to an oracle hack, where exploiter increased the ALBT price and minted large amounts of BEUR. The BEUR was then swapped for other tokens on Uniswap. Then, the price was decreased to almost zero, which triggered the liquidation of ALBT troves.— BonqDAO (@BonqDAO) February 1,...
Earlier this month, Lido became the largest decentralized finance (DeFi) app by total locked-in money (TVL), surpassing MakerDAO. Users have locked $7.8 billion on Lido, with most of that coming from Ethereum, with a small amount coming from other blockchains, including Solana. In addition, from December 31 to the present The price of the LDO token has soared 108% to $2.01, while its 24-hour average volume has increased 802%. Lido's latest climb comes ahead of Ethereum's Shanghai upgrade, the first...
NFT continues to be a popular trend. NFTs are becoming increasingly popular in the crypto industry. There are many crypto projects that have turned to NFT, such as the creation of the GameFi NFT project, which is a playable game for digital assets. Nowadays NFT trading is also increasing. NFT has been popular for a long time since 2021 until 2023, it still hasn't disappeared anywhere. informationAccording to dune.com, over $38.3B of NFT volume has been traded in the market....
frominformation of DeFiLlama found that Lido Finance currently has $5.9 billion in locked funds, or TVL, followed by MakerDAO and AAVE in second and third place with $5.89 billion and $3.7 billion TVL, respectively. Lido's rise in TVL is a result of the huge increase in demand for Ethereum stake solutions. According to Nansen, Lido currently holds about 31% of ETH, a significant share compared to the shares of major crypto exchanges including Coinbase and Kraken, which hold 15% and...
background Status: 12/31/2022 1:35 p.m What happens after the death of Pope Emeritus Benedict XVI? There hasn't been a case like this for ages. But there is also a protocol for this in the Vatican. The Vatican regulates in detail what to do when a pope dies. However, almost all regulations relate to the death of an incumbent pope. This is honored with a nine-day mourning period, which bears the Latin name "Novemdiales". Normally, after the death of a pope,...
Sushiswap's "Head Chef" Jared Gray Proposes Changes to Web Tokens hoping to revive the protocol afterdifficult year This proposed change attempts to increase liquidity. and create more benefits for Sushi tokens and promoteMaximum value for stakeholdersAll without compromising current token holders or having to sacrifice status.the economy of the protocol Sushiswap currently has only 1.5 years of cash to manage, Gray said. “Just as the original xSushi model hoped to succeed. And with the main goal of the new model...
The $5 million Ankr protocol hack on Dec. 1 was attributed to a former team member. According to an announcement on December 20 from the Ankr team. The former employee carried out a "supply chain attack" bywear malicious code into future internal software update packages of the team. And when the software was updated, the malicious code created a security vulnerability that allowed attackers to steal team deployer keys from company servers. After Action Report: Our Findings From the aBNBc...
Raydium Decentralized Finance Protocol on Solanasufferedfrom being attacked According to the developer's statement The preliminary investigation by the team revealed that The attackers took control of the exchange's owner account, and the team said its "power" over the automated market maker and farm program was paused "for now." An exploit on Raydium is being investigated that affected liquidity pools. Details to follow as more is known⁰Initial understanding is owner authority was overtaken by attacker, but authority has been halted on...
Singapore, 6 Dec. 2022 Pine Protocol The pioneer of the emerging NFT-fi (NFT finance) space through NFT (Non-fungible token) lending and financing has raised $3 million from investors led by Amber Group and investment firm Sparkle Ventures. Co-founded by Animoca Brands and founder of The Sandbox, Pine Protocol specializes in decentralized and unattended NFT loans. Users can control their NFT assets as collateral for borrowing cryptocurrencies such as Ethereum (ETH) from lenders. since the beta release Pine Protocol's NFT lending...
