Author Archives: TheBlock.co

The team behind decentralized exchange PancakeSwap has proposed the exchange expands to the newly launched Aptos blockchain.  The team intends to deploy four of its main features — swaps, farms, pools and initial farm offerings — quickly to the blockchain, according to the proposal. The goal is to take hold of the market share as early as[Read more…]

On Monday, an unknown hacker targeted the token swap service offered by BitKeep, a multi-chain crypto wallet. The exploiter was able to steal $1 million in crypto tokens from users that had approved tokens on the BitKeep’s swap service, also called a swap router, on the BNB Chain and Polygon. The stolen funds were later[Read more…]

After last week’s annual Devcon in Colombia, it’s well and truly crypto conference season. Next week is no different, with the Digital Asset Summit taking place in London on Monday and Tuesday.  At the same time, the crypto industry will be carefully watching the fallout from the latest chapter in the Mango Markets drama. Plus,[Read more…]

Developers have disclosed a critical software vulnerability within all Cosmos blockchains that run the inter-blockchain communication protocol (IBC), the network’s cross-chain messaging and bridge protocol. The developers discovered the security issue during a software audit of the Cosmos network in light of the $100 million bridge hack on BNB Chain, a blockchain that uses Cosmos software under[Read more…]

A series of hacks has put October in the lead for the most crypto funds stolen in a month, according to new data from Chainalysis. This year is on pace to be the biggest for hacks so far, and now October is leading the charge for the top month, the blockchain analytics firm said. Chainalysis reports[Read more…]

BNB Chain has finished a hard fork upgrade called Moran in an attempt to recover and secure infrastructure following a large hack last week. The hard fork — a blockchain upgrade that implements a major change to the network’s underlying software — went through successfully at 4 a.m. ET on Wednesday at a block height of[Read more…]

Quantum-resistant Layer 1 blockchain QANplatform has suffered a malicious exploit to its bridge platform, resulting in the theft of $2 million worth of tokens, according to data from Etherscan. “The bridge smart contract that is offline was hacked and the attacker managed to withdraw tokens,” QANplatform said, confirming the hack. Data from Etherscan shows two bulk[Read more…]

Cryptocurrencies traded marginally higher over the last week, despite a robust jobs report. The U.S. added 263,000 new jobs in September, above expectations of 255,000 and below the previous month, when 315,000 jobs were added. The unemployment rate fell to 3.5%, below expectations of 3.7%, according to Friday’s report. Markets ticked lower following the data. Bitcoin plummeted below $20,000[Read more…]

The BNB Chain is now back up and running after it was halted for several hours to investigate a large bridge exploit.  On Thursday, an unknown hacker seized almost $560 million in BNB from the network’s cross-chain bridge, called BSC Token Hub. Of this amount, the hacker transferred more than $100 million to other chains, according to[Read more…]

Solana’s NFT space saw a surge in minting this month despite NFT market volumes  showing little improvement following the crash earlier this year. SudoAMM has conducted $50 million in trading since its launch, proving there’s a market for royalty-free NFT trading despite the controversy they generate. The most popular web3 game of September saw almost[Read more…]