5 min read As the world of technology continues to evolve, the concept of Web3 programming is taking center stage in the development of decentralized applications (DApps). Web3 programming offers a new paradigm for the internet, moving away from centralized control and towards a more transparent, secure, and autonomous ecosystem. In this comprehensive guide, we’ll…
6 min read What is Frontrunning? Frontrunning is the practice of executing a digital asset trade based on knowledge obtained in advance that will affect its price. The purpose of frontrunning is to profit at the expense of others. This is done by gaining a price advantage over others in the market before the market…
3 min read On October 27th, DeFi project Team Finance announced that they had just been alerted about an exploit on its protocol. They said they were investigating the incident and ‘working to analyze and remedy the situation.’ They also requested the exploiter to contact them for a potential bug bounty payment. Attacker Used 1.76…
4 min read In late October, on-chain investigator and crypto Twitter community member @ZachXBT notified his followers that a phishing scammer known as Monkey Drainer had stolen the equivalent of 700 ETH worth around $1 million at the time and several NFTs in 24 hours. Tweet from @zachxbt, Source: Twitter One victim of Monkey Drainer…
3 min read Elon Musk is officially the new owner of Twitter. The billionaire entrepreneur who is the founder and CEO of SpaceX, CEO of Tesla, Founder of the Boring Company, and co-founder of Neuralink and OpenAI is now the ‘Chief Twit’ according to a recent update of his Twitter bio. To mark the event…
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…
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…
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…
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…