Celo to Migrate to Ethereum Layer-2 with OP Stack
Celo, a blockchain platform that allows users to generate public keys from phone numbers, has announced plans to migrate to an Ethereum layer-2 network using OP Stack, a modular tooling provided by Optimism. Celo is a blockchain platform that facilitates fast, secure, low-cost mobile phone payments. Celo’s distinctive feature is its ability to generate public […]
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, […]
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 […]
Ledger Hardware Wallets Affected By FTX Crisis
According to reports on social media, some Ledger hardware users were unable to complete withdrawals using Ledger Live on Wednesday. Ledger, a maker of hardware-based cryptocurrency wallets, has reportedly run into some problems as a result of significant cryptocurrency exchange outflows during the FTX bloodbath. On Nov. 9, Ledger experienced “massive usage” of their platforms […]
El Salvador Bitcoin bond faces delay due to internal security concerns
According to the CTO of Tether, El Salvador’s $1 billion Bitcoin bond which has once more been postponed is due to concerns where the nation’s security forces have had to confront the scourge of violence in the country. El Salvador, a country in Central America that recognized Bitcoin (BTC) as legal cash in September of […]