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Hack of a single multisig wallet could drain 12 Ethereum L2s of $121M
22.5.2024
One wallet has upgrade permissions for 12 Ethereum scaling networks, but Conduit founder Andrew Huang says it can’t transact without three signatures which would take a trio of physical attacks
Conduit launches L5 for next-level blockchain solutions
2.4.2024
Conduit proudly introduces the successful release of L5s, a tremendous advance in blockchain technology, and provides a breakthrough scaling solution. Unlike the existing technology, this innovative adaptation offers a new deployment mechanism for Blockchain layers, allowing users and developers...
Heco Bridge Breach Drains $86 Million — Justin Sun’s HTX-Linked Venture Faces Major Security Setback
22.11.2023
Numerous sources have reported that the Heco Bridge, a cross-chain conduit linking Ethereum with the Heco blockchain, has suffered a security breach, resulting in a loss of $86 million. Subsequent to the heist, the stolen funds were redirected to various decentralized exchange (dex) platforms....
Report: Here’s How Hamas Received Money from Iran Using Crypto
13.11.2023
Source: Adobe / Robert In a bid to circumvent traditional financial oversight, Hamas has increasingly turned to crypto for fund transfers, according to a new Wall Street Journal report. The move by Hamas to turn to crypto followed an air strike by Israel in mid-2019 that targeted a Hamas commander...
Paradigm Leads $7M Round for Optimism-Based Startup Conduit
28.3.2023
The newly announced startup will help developers launch Optimism-based applications