Decentralized finance (DeFi) protocol Platypus Finance has created a portal that enables users to view how much the platform owes them following the recent $9.1 million exploit that the platform suffered. On Feb. 16, the DeFi protocol suffered a flash loan attack, pushing the Platypus USD stablecoin to break its peg with the U.S. dollar. At the time, Platypus confirmed a loss of around $8.5 million from its main pool. The firm also said that they have contacted the hacker to negotiate a bounty. A post-mortem report from Platypus auditor Omniscia said that the attack was possible because of code …

The Solana network experienced a noticeable slowdown in block production after its most recent 1.14 network update on Feb. 25, as it went into reset mode. As an immediate response to transaction disruptions, validators downgraded the software to up performance levels. However, on Feb. 28, Anatoly Yakovenko, the founder and CEO of Solana Labs, released another statement as to how the ecosystem plans to improve its recent network upgrades. The major focus of the plan is on stability as the network continues its transition. 2022 priorities were shipping new features and new tools. 2023 is stability. Tldr 1/3 of core …

Interoperability remains a persistent issue in the world of gazillion blockchains and interesting protocols and projects. The need for interoperability leads to many practical problems, one of which comes down to token liquidity and crypto swapping between blockchains. Bridges are vulnerable Moving tokens from one blockchain to another has become a crucial part of the DeFi sector. It allows users to use these tokens on different chains than their native ecosystem. However, most blockchains are closed systems and thus aren’t directly compatible with each other. The problem can be compared to using a European power plug in the United States …

In a new blog post published on Feb. 28, Ethereum (ETH) co-founder Vitalik Buterin documented the continued need to improve the namesake network to better facilitate ETH as a means of payment. In one instance, Buterin shared how he tried to pay for tea for himself and friends at a coffee shop in Argentina in 2021, but had to pay 0.01 ETH (around $40 at the time) as that was the minimum deposit for the owner's exchange account. "I did not mind the 3x overpayment and treated it as a tip," the co-founder wrote. In another instance, Buterin explained how …

For most retail crypto investors, centralized digital marketplaces like Binance, Coinbase, Kraken, and many more have been the preferred gateway to the world of cryptocurrency trading. However, as leaked customer data like the recent Gemini case and misappropriated funds like the FTX debacle continue to plague the space, crypto investors have been looking into alternatives. According to a Delphi Digital analysis following the FTX crash, DEX tokens saw a 24% uptick, and CEX tokens saw a 2% decline. The lack of transparency in how CEX operations are run has become a major driver for this trend shift. What’s more, a …

Universities in the United Kingdom have started offering cutting-edge research programs, courses and practical experience in various aspects of blockchain technology, including cryptocurrencies, smart contracts, privacy, security and scalability. Students who graduate from these programs will be well-equipped with the knowledge and skills necessary to become leaders in the field of blockchain technology and drive innovation and adoption in various industries. Here are top five universities to study blockchain in the United Kingdom. University of Cambridge The University of Cambridge is a public research university located in Cambridge, and its Cambridge Centre for Alternative Finance (CCAF) is a leading research …

In the aftermath of the FTX collapse, Forbes published an article that focused on the recent “shuffling” of funds by the cryptocurrency exchange Binance. However, the following day on Feb. 28, Binance co-founder and CEO Changpeng Zhao (CZ) took to Twitter to tackle the FUD. In response to the article, the CEO said: “They seem to not understand the basics of how an exchange works. Our users are free to withdraw their assets any time they want.” In his series of tweets, he addressed various claims from the Forbes article. This included what it called a “backroom maneuver” when Binance …

Interest in the metaverse is accelerating at a global rate, with countries all over the world joining in the rush to get involved. In Japan, a country often associated with its legacy technology sector, a group of well-known tech companies entered into an agreement on Feb. 27 to forward the creation of the “Japan Metaverse Economic Zone." Along with creating the Japan Metaverse Economic Zone, the agreement's focus is on building an open metaverse infrastructure called “Ryugukoku," which will spark the next wave of metaverse development. This open metaverse infrastructure will help create interoperable tools available for users and developers …

$700,000 worth of funds has been drained from BNB Chain DeFi protocol LaunchZone, with the project alleging that an attacker has carried out an exploit. Details remain scarce after more than 80% of funds in the LaunchZone liquidity pool were drained on Feb. 27. A message on the project’s official Telegram group warned users not to buy tokens until more information has been gathered: “$LZ is being hacked from DND exploiter. The team is handling the situation, please don't buy the token at this stage. Please keep calm. We will update timely (sic).” The value of LaunchZone’s native token $LZ …

The suspected actors behind the $6 million exploit of decentralized finance (DeFi) lending protocol Lendhub have just sent more than half of their ill-gotten gains from January into sanctioned crypto mixer Tornado Cash. Blockchain security firms PeckShield and Beosin alerted their respective followers to the movement of funds on Feb. 27, noting that around 2,415 Ether (ETH) worth around $3.85 million was sent to Tornado Cash from a wallet connected to the Jan. 12 exploit. #PeckShieldAlert ~2,415.4 $ETH (~3.85M) into Tornado Cash from @LendHubDefi exploiters LendHub was exploited, and $6M worth of cryptos was stolen from its protocol on Jan. …

In today’s digital age, cybersecurity has become a critical aspect of almost every business. Cyber threats are increasing daily, and businesses must take proactive measures to protect their networks and data. As a result, the demand for cybersecurity professionals has skyrocketed. Little Friday humour #meme #cybersecurity @hackurityio pic.twitter.com/MArEpCh03k — Harold De Vries (@devries_harold) February 17, 2023 In this article, we will discuss the top seven cybersecurity jobs that are in high demand. Cybersecurity analyst A cybersecurity analyst is responsible for identifying and mitigating cyber threats to an organization’s network and data. They examine system logs and network traffic to find …

Over $2.5 billion was stolen in cross-chain crypto bridge hacks from 2021 to 2022, according to a report by Token Terminal. But, despite several attempts by developers to improve bridge security, a debate from December 2022 to January 2023 on the Uniswap DAO forums has laid bare security weaknesses that continue to exist in blockchain bridges. In the past, bridges like Ronin and Horizon used multisig wallets to ensure that only bridge validators could authorize withdrawals. For example, Ronin required five out of nine signatures to withdraw, whereas Horizon required two out of five. But attackers figured out how to …