Web3
-
Team Finance Exploited for $14.5M. Attacker Keeps 10% as a Bug Bounty
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…
-
Phishing Scammer Steals $1M in ETH and NFTs in a Day, Remains Active
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…
-
What to Expect With Elon Musk as ‘Chief Twit’ at Twitter
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…
-
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…
-
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…
-
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…
-
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…
-
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…
-
The Ethereum Merge – What You Need to Know
4 min read The Ethereum network has undergone several upgrades since its launch in 2015. All the upgrades have had a single mission in unlocking Ethereum’s full potential, and the Merge event is no different. What is The Merge? As the name suggests, the Merge is the coming together of the current Ethereum mainnet (execution layer) with…
-
13 Must-Have Tools For an Entrepreneur That Require no Coding
4 min read Starting a business for any entrepreneur is an arduous task that requires persistence, patience, and the right tools to help get things rolling in the right direction. A typical day for an entrepreneur involves responding to emails, tweaking website details, keeping in touch with networks, keeping an eye on social media, and…
-
Blockchain Based Privacy Enhancing Technologies
4 min read As Web3 continues to evolve and develop, there is an urgent need to focus on privacy on the blockchain in a similar, if not a more advanced manner, than what is available for Web2. Web3 users want to control their privacy on the blockchain and choose when they reveal personal information, such…
-
Software vs. Hardware crypto wallets
6 min read Two to three decades ago, the term wallet was synonymous with a leather pouch or bag that fits in the palm of your hand and pocket. Such a wallet was used to store physical money and identification documents. But the internet and the launch of Bitcoin in 2009 and Ethereum in 2015…