Osmosis Launches Polaris Portal for Cross-Chain Token Trading
Osmosis has unveiled the Polaris portal, which offers a remedy for the disarray experienced by cryptocurrency users in decentralized finance. The quantity of distinct blockchains and the ecosystems they are connected to has increased along with the growing popularity of cryptocurrency. As a result, users now face challenges that include managing numerous wallets, crossing bridges, […]
Attackers Steal $5 Million From Osmosis In LP Theft, $2 Million Returned Soon After
Attackers took advantage of a bug in the Osmosis exchange to steal $5 million. Osmosis, a decentralized exchange built on the Cosmos network, was shut down just before 3 a.m. ET on June 8 after attackers stole $5 million by exploiting a liquidity provider (LP) bug. The bug was first identified in a Reddit post […]
This Blockchain Was Suspended After It Loses $5 Million Due To Bug
After a bug threatened to sap the chain’s liquidity, Osmosis, a layer-1 blockchain on the Cosmos network, was suspended on Wednesday. Validators intervened to stop block production after discovering a new bug that allows users to gain 50% extra when withdrawing their deposits from a liquidity pool. Users took advantage of this and threatened to […]