Author Archives: Cryptoslate

The protocol had promised to compensate every victim of the exploit that took place on Oct. 18. Bitkeep, a leading multi-chain crypto wallet, has unveiled a redemption website for victims of its recent exploitation. The project issued the update in an Oct. 21 blog post The protocol had earlier promised to compensate every victim of the exploitation. Bitkeep[Read more…]

BitKeep has promised to repay victims of the hack while promising rewards for anyone with information to help recover teh stolen funds. Decentralized multichain wallet BitKeep lost $1 million on Oct. 17 to a hacker who exploited its swap features on the BNB chain. Blockchain security company PeckShield first drew attention to the hack on[Read more…]

Seven Treasuries NFT collection launched by LiveArtX lost 95% of its value in the last 24 hours. One of LiveArtX‘s official wallets has been compromised around 19:00 UTC on Oct. 16, according to Wu Blockchain. LiveArtX is an NFT platform that is known for its NFT line Seven Treasures. The platform recently received over $4.5 million in strategic[Read more…]

After a late-summer rally, the crypto markets pulled back in September, bringing many metrics related to the health of the GameFi industry down with it. After a late-summer rally, the crypto markets pulled back in September, bringing many metrics related to the health of the GameFi industry down with it.  The amount of volume passing[Read more…]

Cosmos co-founder Ethan Buchman announced that a patch will be deployed on all IBC-enabled chains by on Oct. 14, 14:00 UTC as a preventative measure against a potential exploit. Cosmos co-founder Ethan Buchman announced that a patch would be deployed on all major public Inter-Blockchain Communication (IBC)-enabled chains by tomorrow after they identified a vulnerability that may[Read more…]

DeFi protocols have lost $718 million in the first two weeks of October alone, while $3 billion has been lost to 125 crypto hacks in total since the start of 2022. DeFi protocols have lost roughly $718 million across 11 projects so far in October alone — a new monthly record with more than 15[Read more…]

Twitter’s crypto community has argued that PayPal’s now-canceled misinformation policy could drive more people toward crypto adoption. The policy The policy would have allowed the payments company to sanction users for misinformation by fining them up to $2,500. The firm had stated that its list of prohibited activities included “the sending, posting, or publication of any messages, content,[Read more…]

Attackers stole over 60 ETH from Binance by creating a token following the BSC bridge exploit, SUSHI increased by 6.6% in 24 hours following GoldenTree investment, and much more in this edition of CryptoSlate Wrapped Daily. The biggest news in the cryptosphere for Oct.7 includes Binance fixing the BSC bridge exploit after 2 million BNB[Read more…]

The web3 ecosystem lost over $428.7 million to 39 exploits in the third quarter — down 62.9% compared to over $1 billion lost in the same period of 2021. The Nomad Bridge and Wintermute hacks account for 79.85% — $350 million — of all recorded losses. Leading Bug bounty firm Immunefi detailed in its Crypto Losses report that about[Read more…]

Cross-chain DEX aggregator Transit Swap had a rough weekend after it lost over $21 million of users’ funds to a vulnerability attack. An unknown hacker launched an attack against TransitSwap’s unverified smart contract on Oct. 1. Users who unknowingly approved their tokens for trading on Transit Swap had all their funds transferred directly to the hacker’s address. Transit Swap[Read more…]