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Hackers Stole USD 670M from DeFi Projects in Q2, Up by 50% from Q2 2021


Hackers and fraudsters stole a total of USD 670.7m from various crypto protocols during the second quarter of the year, according to a report by major bug bounty and security services platform Immunifi.... Read More: Hackers Stole USD 670M from DeFi Projects in Q2, Up by 50% from Q2 2021

DeFi Suffers from Too Much Centralization, What Can Be Done?


"If any part of their business model incorporates centralization then it is centralized no matter what other decentralized features it deploys." "It is vital that people understand how the assets they are pledging to a centralized entity are being used." '"If users demand more decentralization...

XCarnival Hacker Accepts ETH 1,500 Bounty and Returns Remaining ETH 1,467


  The hacker of XCarnival, a lending aggregator for metaverse assets, has accepted a bounty of ETH 1,500 (USD 1.85m) in exchange for the return of the remaining ETH 1,467 (USD 1.8m) and the team not pursuing legal actions. Etherscan transactions show that the hacker has already sent ETH 1,467...

Don’t Fear the Reaper: Why the Market Downtrend Is Good for Crypto


Sergey Vasylchuk is the Co-founder & CEO of the staking provider Everstake.______ As bitcoin (BTC) sunk below the USD 20,000 mark, the panicking voices filled with eschatological fervor seemed to come from around the community. The same USD 20,000 mark that five years ago looked like a pinnacle...

5 Risks to Know Before Using Centralized Crypto Lending Platforms


  Crypto lending has been one of the most prominent activities in crypto markets. The activity has developed over the years with several crypto lenders emerging to meet the demand for crypto loans. ... Read More: 5 Risks to Know Before Using Centralized Crypto Lending Platforms

Evolution of Enterprise Blockchain into Real-World Utility and Use Cases


  Johannes Schweifer is the CEO and co-founder of blockchain infrastructure company CoreLedger.  __________ While the market sentiment may be bearish, these times become an opportunity for builders and innovators to focus on how to drive meaningful progress with blockchain technology.... Read...

ONE Drops as Harmony's Bridge Hacked for USD 100M


  ONE, a native token of a cross-chain bridge provider, Harmony, becomes one of the worst performers among the top 200 coins today, as the team confirms they lost around USD 100m in a theft.... Read More: ONE Drops as Harmony's Bridge Hacked for USD 100M

SIM Swaps, Other Crypto-related Crimes Set to Rise in South Korea, Says SK


  A South Korean telecommunications giant has claimed that SIM swap-type crypto attacks are on the rise in the country – and has predicted a rise in all crypto-related crime cases in the second half of 2022. The claims were made by SK Shieldus, part of the SK Group, which owns SK Telecom – one...

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