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Data Shows BSC Dapps Lost $167 Million Last Month From Flash Loan Attacks


Binance Smart Chain (BSC) decentralized applications (dapps) have been hit with a number of flash loan attacks in recent weeks. According to collected data by Rekt, during the last 30 days BSC has lost a total of $167 million from these flash loan exploits. Flash Loan Hackers Prey on Binance Smart...

Farming Privacy Protocol Automata’s ATA Debuts on Binance Launchpool


Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com. Automata Network has announced the public launch of its ATA token on the world’s largest centralized exchange, Binance. Starting June 2, users can stake...

Defi Economy Is Recovering Faster Than Most Crypto Assets After Market Rout


Decentralized finance (defi) exchanges and tokens are recovering a lot faster than a great number of digital assets that lost more than 40% in value last week. Defi tokens like curve, kyber network, terra, hxro, and more have been seeing double-digit gains. On May 23, the defi economy’s...

Automata Token Officially Launched on Binance Launchpool


The crypto circuit is witnessing back-to-back project launches, and the latest to join the trend is the Automata token. ATA (Automata Token) recently made its debut on the Binance Launchpool. Now users can stake DOT, BUSD, or BNB to earn token rewards as ATA. Deli Gong (Automata Network’s...

Opulous to Launch Exclusive Music NFT Drops in Collaboration With Binance


What is Opulous? Opulous is a popular DeFi application for musicians, founded by Ditto Music’s CEO, Lee Parsons. Opulous offers artists to convert their music to NFTs, making them tradable. They can sell these to investors and also earn monthly income through royalties. Opulous provides credit...

BSC Defi Protocol Burgerswap Loses $7.2 Million from a Flash Loan Attack


Another Binance Smart Chain project has been hit with a flash loan attack according to a post mortem written by the Burgerswap team. The project’s official Twitter account said at around 3 a.m. on Friday, Burgerswap suffered from a flash loan attack with the hackers stealing $7.2 million...

A Look at Why Venezuela Is the Third Country With the Most Crypto Adoption


Venezuela has been listed as the third country with the most cryptocurrency adoption in the world by Chainalysis in its 2020 report. With its citizens coping with crippling inflation and losing purchasing power, the country has taken a turn for these assets to survive. But what are the real numbers...

Another Two Binance Smart Chain Projects Suffer Flash Loan Attacks


Source: Instagram, Binance And yet another two projects on Binance Smart Chain (BSC) suffered incidents, in the form of more flash loan attacks - and this time it's Burger Swap (BURGER) and JulSwap (JULD). BSC, ran by the crypto exchange giant Binance, may be getting more popular among...

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