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WazirX Halts Trading After $230 Million Exploit, Offers Bounty For Recovery

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 […]

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LIFI Protocol Suffers $9.7M Attack, Urgent Call For Users To Revoke Approvals

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 […]

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Major GHO Whale Strategy Could Impact Market Dynamics

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 […]

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Top Performing Cryptocurrencies in the First Half of 2024

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 […]

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USDT’s Market Dominance Slips Amid Rising Competition And Regulatory Challenges

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 […]

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Compound Finance Website Compromised; CEO Resigns To Launch Legend DeFi Protocol

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 […]

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$ZKJ Launches New Staking Campaign With Promising Returns

$ZKJ is set to launch a new staking campaign, following the success of its previous round which saw a remarkable 144% APR in the first week. $ZKJ will be launching a new staking campaign 🔋Last round we saw a 144% APR in the first week$ZKJ continues to move in an uptrend and forming a triangle […]

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Layer 2 Report | Q2 2024: Address Growth, Transactions, and Money Flow

I. Addresses 1. Total Unique Addresses by Chain Optimism leads the pack in Q2 2024 with 149.6 million unique addresses. Following behind are Base with 84.7 million and Arbitrum with 33.2 million addresses. 2. Daily New Unique Addresses Created by Chain Base, Optimism, and Arbitrum were the top three chains for the constant creation of […]

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SSV Network Reaches New Milestone With Over 1,000,000 ETH Staked

SSV Network, a decentralized staking infrastructure, is redefining the resilience and robustness of Ethereum validators through its distributed validator technology (DVT). Achieving a significant milestone, over 1,000,000 ETH is now staked on the SSV network, underscoring its growing influence in the blockchain space. Launched on the mainnet approximately a year ago, SSV Network underwent extensive […]

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Crypto-Draining Group Pink Drainer Falls Victim To Address Poisoning Scam

Pink Drainer, a well-known group in the realm of crypto-draining, recently encountered a setback when it lost 10 ETH, valued at approximately $30,000, to an address poisoning scam. This type of scam involves perpetrators sending small amounts of cryptocurrency from a deceptive address that closely resembles the legitimate one, tricking the victim into sending funds […]