Binance leads $150M fundraiser for Axie Infinity to reimburse stolen funds
Binance has led a $150 million fundraising round for Sky Mavis, the creator of Axie Infinity, a popular play-to-earn nonfungible token game, the fund will be used to refund users who lost money in the recent hack. The fundraising aims to recoup funds lost as a result of the recent exploit on Axie Infinity’s Ronin […]
Solana foundation says last week’s downtime was a Denial of Service Attack
After initially pegging the cause of the downtime “resource exhaustion”, the Solana Foundation said that the flood of transactions caused by bots was “in effect, a denial of service attack.” Solana struck a severe barrier last week when its blockchain network remained unavailable for more than 17 hours starting on September 14, after weeks of […]
Cream Finance aims to repay users affected by recent hack
Cream Finance, a decentralized finance (DeFi) protocol, will reimburse its users after an $18.8 million flash loan hack on Aug. 30. The DeFi protocol has identified the AMP integration error that caused the loss. Cream has released a post-mortem on the AMP flash loan hack , offering to replace the stolen Ether (ETH) and Amp […]
Poly network announces a $500,000 bug bounty program
In the wake of its $600M hack, Poly Network has announced a bounty program worth a total of $500,000 to those who report a bug. PolyNetwork has announced a $500,000 bug bounty program on the Immunefi blockchain in conjunction with a planned security upgrade. The bug bounty system will go live today, August 17, 2021. […]
London court orders Binance to trace hackers involved in the Fetch.ai attack
A Binance user has taken the issue of a $2.6 million hack on Binance cryptocurrency exchange to get justice, the High Court of London has ordered Binance to identify hackers and freeze their accounts. A High Court judge accepted demands by artificial intelligence (AI) company Fetch.ai for Binance to take steps to identify the hackers, […]