Author Archives:

Cosmos’ $8B Ecosystem Endangered by Critical Vulnerability

All IBC-enabled blockchains are at risk of being exploited by a “critical security vulnerability,” Cosmos co-founder Ethan Buchman announced today. Last week’s BNB Chain attack led Cosmos developers to inspect their IBC code. They found a critical security vulnerability that endangered every IBC-enabled blockchain. Cosmos Compromised It appears the entire Cosmos ecosystem was endangered by[Read more…]

Mango $100M Attack: How a Whale Swindled a Solana DeFi Favorite

An attacker manipulated Mango Markets to drain over $100 million worth of crypto Tuesday. They’ve since engaged with the project’s DAO in hopes of evading legal charges. In something of an audacious move, the attacker used their MNGO tokens to vote on their own Mango DAO governance proposal. Whale Targets Mango  Days after BNB Chain’s[Read more…]

BNB Chain’s $566M Hack: Binance Network’s Major Bridge Attack Unpacked

The BNB Chain team temporarily halted the network in response to the attack, which speaks volumes about the network’s centralization issues.   BNB Chain Targeted Last night’s nine-figure hack on BNB Chain’s bridge has caused a major commotion in the cryptocurrency community.  An attacker targeted the Binance-run blockchain network late Thursday, successfully making off with around[Read more…]

BNB Chain Halted After Suspected Hack, $536M Compromised

BNB Chain has been halted after a large BNB holder started displaying erratic on-chain behavior, suggesting a hack. BNB Chain Compromised On-chain data suggests a large holder of BNB was hacked. At around 17:30 UTC the wallet began withdrawing sizeable sums of coins it had staked from various blockchain ecosystems. It subsequently started swapping and borrowing tokens from a[Read more…]

Google Cloud Now Available to BNB Chain’s 1,300 Apps

Google Cloud and Binance’s BNB Chain have partnered to help startups gain access to cloud computing services. Google Cloud Partners With Binance Binance and Google are collaborating. According to a press release issued on September 14, BNB Chain and Google Cloud have formed a partnership to promote the development of Web3 and blockchain startups. Specifically,[Read more…]

New Presale Star Flasko (FLSK) Could Overtake Dogecoin (DOGE) And Polkadot (DOT) In 2023

The market is still evolving, expanding and adjusting as people’s interest in cryptocurrencies grows. Nevertheless, choosing the most profitable coins from the more than 17,000 cryptos available on the primary exchange platforms may be difficult for many. Crypto platforms are competing for supremacy in this very competitive sector. In light of this, here are three[Read more…]

Binance Faces SEC Scrutiny Over 2017 BNB Coin Offering

The Securities and Exchange Commission is investigating whether Binance broke securities laws with its 2017 BNB coin offering. Key Takeaways Binance is facing an investigation from the SEC over whether the firm’s initial coin offering amounted to the sale of a security. Since the SEC investigation news broke yesterday, BNB has fallen 8.5%. Although the[Read more…]