Huobi Fixes Cloud Storage Breach Risking Users’ Funds
Huobi, a major crypto exchange, fixed a data breach that exposed credentials to its AWS S3 buckets, putting users’ data and assets at risk since June 2021. According to white hat hacker and citizen journalist Aaron Phillips , the breach involved the exposure of credentials granting write privileges to all of Huobi’s AWS S3 buckets, […]
Azuki Elementals NFTs Tank After Art Criticism
Azuki Elementals NFTs, a derivative of the popular anime-themed PFP project, faced criticism over their similarity to the original collection. The NFT market dipped after the launch. Azuki, a Los Angeles-based Web3 company that launched an anime-themed PFP (profile picture) project in 2022, has disappointed its fans with its latest NFT collection. The company released […]
USDT Dump Causes Depeg Scare, Curve 3pool Shift
Whales have been selling off large amounts of Tether (USDT), the largest stablecoin in the crypto market, causing a spike in its share within the Curve 3pool liquidity pool. The unusual influx of USDT has raised concerns about the stablecoin’s stability and sparked speculation about USDT’s depegging. Curve’s 3pool is a stablecoin pool for decentralized […]
Uniswap Not Decentralized, Says Ripple CTO
David Schwartz, the CTO of Ripple, has taken to Twitter to discuss which crypto projects are truly decentralized and which are not. He specifically criticized Uniswap, a popular decentralized exchange, for its licensing and governance issues. Uniswap’s open source controversy Schwartz responded to a tweet by @LefterisJP, the founder of @rotkiapp , who accused some […]
Banq Goes Bankrupt Amid Parent Company’s Crisis
Banq, a crypto custodian Prime Trust subsidiary, has filed for bankruptcy in the Nevada District Court. Prime Trust, Banq’s parent company, is attempting to conclude an acquisition with BitGo after experiencing a financial crisis due to the Celsius bankruptcy. Banq also accuses its former executives of stealing its trade secrets and assets to launch rival NFT […]