Hacked vanity addresses used to steal $500K ARB tokens
In the Arbitrum airdrop hack, an individual reportedly compiled vanity addresses eligible for ARB airdrops, which were then used to steal $500,000 worth of tokens from the layer-2 scaling solution airdrop on March 23. A vanity address is a personalized cryptocurrency address that comprises unique words or phrases chosen by the user to make it […]
Arbitrum warns community of fake Airdrops
Arbitrum, an Ethereum layer 2 scaling solution has warned community members to beware of phishing websites and scams offering its forthcoming “ARB” token Airdrop in a bid to defraud cryptocurrency users. The Arbitrum Foundation announced on March 16 that it will distribute 10 billion governance tokens via an airdrop, letting token holders vote on code […]
Hope Finance loses $2M in recent exploit
Arbitrum-based decentralized finance (DeFi) project Hope Finance has lost users’ funds worth about $2 million as a result of a recent smart contract exploit. On February 21, the issue was reported by Web3 security company CertiK in response to a tweet from the Hope Finance account warning customers of the fraud. It is challenging to […]
Layer-2 networks Optimism, Arbitrum witness high combined transaction volume
The two largest layer-2 networks, Optimism and Arbitrum currently process more transaction volumes than the mainnet Ethereum due to an increase in on-chain activity on the Ethereum network. Over the last three months, there have been more transactions on Arbitrum and Optimism . In contrast, according to Etherscan, transactions on the Ethereum network have decreased […]
Arbitrum Boss Brushes-off Start of Its First Ever Mainnet zkEVM
Steven Goldfeder, one of the people who started Arbitrum, has said that a zkEVM is “not 12 days away from mainnet.” The co-founder of OffChain Labs, the company behind the layer-2 scaling solution Arbitrum, has spoken out against companies that are marketing the launch of products built on an upcoming zkEVM. zkEVMs are a type […]