Argin Chronicles
Investors are urged to steer clear of Sorta Finance on Arbitrum amid strong indications of an impending exit scam. The protocol recently deactivated its Sorta Finance X account, raising serious red flags about its legitimacy. This scammer has a notorious history, previously stealing over $25 million through various scams, including Magnate, Kokomo, Lendora, Solfire, Crolend, […]
Babylon’s staking protocol, designed to support multiple chains, is making waves with its ambitious plans to implement restaking on Bitcoin. While restaking on Ethereum has been explored by teams like @eigenlayer and @symbioticfi, Bitcoin’s lack of smart contracts poses significant challenges. However, the substantial market presence of Bitcoin, which comprises over 50% of the industry’s […]
Layer 2 project Zircuit has successfully completed its Mainnet funding round, securing investments from prominent names such as Mirana Ventures, Amber Group, Nomad Capital, and Robot Ventures. This new funding will enable Zircuit to accelerate the growth and activity of its ecosystem. Founded in 2022, Zircuit has already made significant strides, boasting a Total Value […]
Indian cryptocurrency exchange WazirX has paused all trading activities following a massive $230 million hack. Based on @zachxbt's feedback, we have increased the White Hat Recovery reward to 10%, i.e., up to $23 Million. We invite white hat hackers, blockchain forensics experts, and cybersecurity professionals from around the world to join this critical mission and […]
Gods Unchained, a free-to-play tactical card game that grants players true ownership of their in-game items, is making waves in the gaming and cryptocurrency communities. The game’s native token, $GODS, has experienced a remarkable surge, increasing by over 140% from its October 2023 low this month. According to data from @Intotheblock, 42% of $GODS holders […]
LIFI Protocol (@lifiprotocol) recently fell victim to a significant attack, resulting in a loss of approximately $9.7 million. The stolen assets included 6,335,889 USDT, 3,191,914 USDC, and 169,533 DAI. These funds were swiftly converted into 2,857 ETH ($9.7 million) and dispersed across multiple wallets. LIFI(@lifiprotocol) was attacked and lost $9.7M!🚨 Including 6,335,889 $USDT, 3,191,914 $USDC […]
The largest GHO whale has minted approximately 17.5% of all circulating GHO, equating to 15.5 million GHO. This whale’s strategy involves using sDAI as collateral to mint GHO and subsequently depositing the minted GHO into the safety module pool to earn both GHO and AAVE incentives. With the current sDAI DSR at 8% and the […]
While spot bitcoin exchange-traded funds (ETFs) stole the spotlight in the digital asset world during the first half of 2024, several lesser-known cryptocurrencies also attracted significant attention. According to CoinGecko, the total market value of all cryptocurrencies surged by $661 billion in the first half of the year, with bitcoin alone contributing $409 billion to […]
This year, Tether’s dominance on centralized exchanges (CEXs) has slipped from 82% to 74%, reflecting the growing competition and regulatory challenges it faces. Despite USDT remaining the top stablecoin, its market share decline is a significant indicator of shifting dynamics in the stablecoin market. The introduction of competing stablecoins like FDUSD and the increasing demand […]
Compound Finance, a prominent player in the DeFi space, faced a security breach yesterday when its official website was hacked and replaced with a phishing site. Michael Lewellen, a security consultant for Compound DAO, confirmed the incident and advised users to refrain from interacting with the compromised website. Fortunately, the breach was limited to the […]