OMNIA’s Blog
Blog
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Personal Data Breaches In The Blockchain Industry Are On The Rise
4 min read Until recently, cryptocurrency users and traders were generally concerned that their favorite centralized or decentralized platform would one day become the victim of an exploit, and their hard-earned digital assets would be at the mercy of hackers. The Axie Infinity hack in late March shook the crypto industry and the entire financial…
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Why Celsius ‘Doxed’ Over 600k of its Customers
4 min read The crypto-verse was shocked when news broke that the now-bankrupt crypto lender Celsius Network had published a 14,500-page document detailing every one of its users’ full names alongside the types and amounts of transactions they carried out on the platform. The data included crypto holdings, deposits, withdrawals, interest earnings, and other sensitive…
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BNB Chain Lost $100M To a Hack — What Went Wrong?
< 1 minute Early October 7th, CZ announced via Twitter that the BNB Smart Chain was experiencing an exploit on its cross-chain bridge, BSC Token Hub, that had resulted in the minting and transfer of extra BNB. The BNB Chain team soon published a blog post explaining that the attacker had managed to carry out ‘sophisticated forging of the…
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BNB Chain Lost $100M To a Hack – What Went Wrong?
3 min read Early October 7th, CZ announced via Twitter that the BNB Smart Chain was experiencing an exploit on its cross-chain bridge, BSC Token Hub, that had resulted in the minting and transfer of extra BNB. Attacker Forged Proofs that Allowed them to Mint 2M BNB The BNB Chain team soon published a blog…
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Maximal Extractable Value (MEV) on Ethereum 2.0
5 min read Ethereum’s successful Merge between its mainnet on the now obsolete proof-of-work chain and the Beacon Chain of its new proof-of-stake Consensus layer (Ethereum 2.0) marked the first significant step of a series of upgrades intended to improve the network in terms of scalability and decentralization. The main goal of the Merge was…
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SEC Charges Hydrogen Tech. and its Former CEO for Market Manipulation
3 min read On September 28th, the United States Securities and Exchange Commission (SEC) announced that it was charging The Hydrogen Technology Corporation, its former CEO, Michael Ross Kane, and the CEO of Moonwalkers Trading Limited for their roles in carrying out the sale of an unregistered securities offering of the Hydro Tokens. The SEC…
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How OMNIA Handles Your Personal Data
3 min read As technology evolves, we are more interconnected with the applications that run on mobile phones and the websites we visit daily to make our lives easier. Internet and app users are increasingly aware that every online interaction can eventually be linked to their real-life identities. Consumers Are Increasingly Concerned About How Their…
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What the CFTC’s Lawsuit Against Ooki DAO Means
4 min read The US SEC is not the only regulatory body extending its mandate into the crypto-verse. On September 22nd, The Commodities Futures Trading Commission (CFTC) announced that it had charged bZeroX, LLC and its founders, Tom Bean and Kyle Kistner, with the following: The CFTC also ordered them to pay a fine of…
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Why the US SEC Believes Ethereum (ETH) is a Security
4 min read On September 15th, 2022, the Ethereum community was elated that the long-anticipated Merge between the Beacon Chain of ETH2.0 (Consensus Layer) and the Mainnet of its proof-of-work network went about successfully without any major hiccup. However, the transition of Ethereum to a proof-of-stake algorithm might have increased its scrutiny by the United…
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How the White House Plans to Regulate the Crypto Industry
4 min read President Biden’s White House has taken the first step in providing a first-ever blueprint for the regulation of crypto through the publication of its ‘Comprehensive Framework for Responsible Development of Digital Assets.’ The move follows President Biden’s March 2022 executive order on ‘Ensuring Responsible Development of Digital Assets’ that outlined a wholesome approach by…
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Why Data Privacy Matters to Consumers
4 min read The world continues to depend more and more on the internet as modern-day electronics become increasingly interconnected to our daily lives. Mobile phones and the applications that run on them attempt to make life easier by providing quick access to services such as banking, health, entertainment, social media, dating, online shopping, and…
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The Ethereum PoW Hard Fork: What We Know So Far
4 min read The Merge is scheduled to happen on September 15th, and the event is set to transition Ethereum from the energy-intensive proof-of-work algorithm to a more eco-friendly proof-of-stake. However, some ETH miners, led by Chandler Guo, intend to keep mining Ethereum on a proof-of-work network post-Merge. To achieve this, they will have to…