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 […]
Circle to Integrate Native USDC on Arbitrum Blockchain
Circle will introduce USDC natively on the Arbitrum blockchain. This step is expected to enhance transaction speed and affordability, fostering innovation in the DeFi ecosystem. In a recent announcement, Circle revealed plans to natively launch the US Dollar Coin (USDC) official version on the Arbitrum network. This move is part of a strategic collaboration with […]
Coinbase Partners With Bitpanda To Expand Crypto Services In Europe
Coinbase and Bitpanda have announced a strategic partnership to offer crypto solutions to European banks and fintechs. Coinbase, the largest U.S. crypto exchange, has teamed up with Bitpanda, a notable Austrian crypto platform, to provide crypto services to European financial institutions. The partnership disclosed on Tuesday will enable banks and fintech in Europe to access […]
Crypto Project Fintoch Exits with $31.6M in Alleged Scam
ZachXBT, an on-chain detective, reports that a crypto project called Fintoch, which purported to be backed by investment banking firm Morgan Stanley, appears to have fled with nearly $32 million of its users’ funds. In a thread, the crypto investigator illustrated the movement of the funds with a diagram. The chain-of-custody detective asserted that the […]
Strike App Integrates Tether Stablecoin for Seamless Transactions
Strike has integrated Tether (USDT) , the world’s largest stablecoin, into its platform. This allows users to easily and efficiently transact and store their digital assets. Strike, a leading global money app, has announced an innovative partnership with Tether (USDT). This collaboration marks a major milestone in the widespread adoption of cryptocurrencies as a medium […]