Thirdweb Hires Ex-Facebook Exec to Lead Web3 Gaming Push
Thirdweb, a startup that offers a Web3 development framework, has appointed former Facebook executive Atif Khan as its new Vice President of Gaming. The company also showcased its capabilities by building a Web3 game from scratch on Base. Atif Khan is a veteran in the gaming industry, having spent eight years at Facebook, most recently […]
DeFi Protocol Sturdy Finance Sees $800K Hack
Decentralized finance (DeFi) protocol Sturdy Finance lost 442 Ether worth nearly $800,000 due to a vulnerability that ultimately allowed the exploiter to manipulate a flawed price oracle and drain funds from the protocol. PeckShield, a blockchain security company, alerted Sturdy Finance on June 12 about a transaction that appeared to be related to price manipulation. […]
Reddit Crypto Communities Protest New Company Policies
Numerous subreddits on Reddit, including prominent crypto subreddits, decided unanimously to go private for 48 hours in protest of new company policies prohibiting the use of third-party applications. Reddit announced in April plans to modify how users interact with the Reddit Data application programming interface (API). This seven-year-old application allows developers to create tools and […]
Winklevoss Twins: Crypto War may doom Democrats In 2024
The Winklevoss twins, co-founders of the crypto exchange Gemini, have warned that the Democrats’ hostile approach to crypto regulation could backfire and hurt their chances of winning the 2024 presidential elections. They also argued that the Democrats risk losing the support of young voters, the biggest crypto adopters, and a key party demographic. The Democrats’ […]
Sturdy Finance loses $800K In Oracle Attack
Sturdy Finance, a decentralized lending platform, lost $800,000 in a security breach on Saturday. An unidentified hacker exploited a reentrancy vulnerability and manipulated a faulty price oracle to drain funds from the Protocol. Sturdy Finance, a decentralized lending platform, suffered a major security breach on Saturday, losing 442 ether (ETH), worth about $800,000 at the […]