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Velocore Suffers $6.8 Million Loss In Major Attack

Velocore, a decentralized finance (DeFi) platform, recently experienced a significant security breach resulting in the loss of over $6.8 million. The attacker exploited a vulnerability within the LP Pool contract, ultimately transferring the stolen funds to Ethereum and then laundering them through Tornado.Cash. The attacker, identified by the address 0x8CDc37eD79C5EF116b9Dc2A53Cb86ACaca3716bF, used a sophisticated method to […]

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Grandbase_fi Suffers Major Security Breach: $GB Token Value Plummets Over 99%

Today, grandbase_fi encountered a severe security breach when their deployer’s wallet fell victim to unauthorized access, enabling the attacker to mint $GB tokens on BASEChain. This breach resulted in unauthorized transactions that triggered a staggering decline in the value of the token, with prices plummeting by over 99%. According to reports from @CyversAlerts, the hack […]

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Non-Fungible Tokens Drive Decentralized Applications Industry Growth

The decentralized applications (DApps) industry is witnessing a remarkable expansion, with an average of 7 million unique wallets active on a daily basis. This surge in activity is largely attributed to a resurgence of interest in non-fungible tokens (NFTs), according to CoinTelegraph. After experiencing a decline in usage in 2022, the NFT industry staged an […]