BITPRISMIA
GMX, a decentralized exchange, completed a $44 million payout to GLP holders affected by a V1 exploit, reinforcing its commitment to user trust and setting a precedent in DeFi accountability.
The Infini hacker sold a significant amount of stolen Ethereum (ETH) during a price surge, highlighting ongoing security vulnerabilities in the crypto space and the need for enhanced protective measures.
CrediX successfully recovered $4.5 million in stolen crypto funds after a security exploit, demonstrating resilience and reinforcing trust in decentralized finance (DeFi).
The Credix exploit resulted in a $4.5 million loss in DeFi, but Credix quickly announced a full refund to affected users within 24 to 48 hours, showcasing improved crisis management in the sector.
July 2023 saw a significant increase in crypto hacks, with $142 million lost across 17 major incidents, highlighting the need for improved security measures in the decentralized finance (DeFi) sector.
Newer blockchains using EdDSA are better positioned to handle quantum threats compared to older blockchains relying on ECDSA, but no current cryptographic algorithm is fully quantum-proof.
Telegram has banned major scam networks involved in $35 billion of illicit USDT trades, marking a significant step in global efforts to combat cryptocurrency-related financial crimes.
Sui Research has proposed a backward-compatible quantum-safe wallet upgrade for EdDSA-based blockchains like Sui, Solana, Near, and Cosmos to protect against future quantum computing threats.
The SuperRare NFT marketplace suffered a $731,000 exploit due to a basic bug in its staking contract, highlighting the importance of robust smart contract security practices and pre-deployment testing.
The Arbitrum Foundation has allocated 30 million ARB tokens (approximately $14 million) to a 12-month audit subsidy program aimed at enhancing security for projects building on the Arbitrum network, fostering trust and innovation in the DeFi ecosystem.