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After natural gas producer BKV expanded into the power business, the company went on its IPO roadshow two years ago and was met with suspicion and ridicule about its then-unusual business model. It’s rare—and uncomfortable for shareholders—for oil and gas producers to take over power plants that require very different skillsets. They’re both hydrocarbon industries, … Read more
A new proposal on Balancer’s governance forum sets the stage for how the protocol plans to handle the next phase of its recovery effort. Summary Balancer has proposed a framework to distribute $8M in rescued assets after the V2 exploit. Whitehats would receive 10% bounties, while LP repayments would be pro-rata and paid in-kind. The … Read more
Anthony Joshua enters his crossover fight against Jake Paul on December 19 as the overwhelming favourite, but Paul insists he has already identified the Briton’s weakness. The eight-round contest has been dismissed by many in the sport, while others view it as an opportunity for Joshua – a former two-time heavyweight champion – to expose … Read more
A crafted transaction exploited a known Cardano bug, splitting the blockchain, halting ADA on major exchanges, spurring an investigation and key resignations. Summary Cardano split occurred when a malformed transaction triggered divergent ledger states between new and old nodes. Major exchanges like Coinbase suspended ADA as network instability and transaction failures surged. Federal authorities were … Read more
Key Takeaways PORT3 token lost over 80% of its value in just over an hour. The crash was triggered by an unauthorized mint of one billion PORT3 tokens and rapid sell-offs. Share this article PORT3, the native token of Port3 Network, a project building a decentralized AI data layer that aggregates and standardizes blockchain data … Read more
Key Takeaways Berachain Foundation recovered $12.8 million after an exploit impacted its native DEX (Bex) and Balancer V2. A white hat hacker coordinated with the foundation to facilitate the asset recovery. Share this article Berachain Foundation successfully recovered $12.8 million from an exploit affecting Bex, Berachain’s native decentralized exchange, and Balancer V2, a protocol whose … Read more
Earlier this year, a developer was shocked by a message that appeared on his personal phone: “Apple detected a targeted mercenary spyware attack against your iPhone.” “I was panicking,” Jay Gibson, who asked that we don’t use his real name over fears of retaliation, told TechCrunch. Gibson, who until recently built surveillance technologies for Western … Read more
Hyperdrive has restored operations and compensated users after a June exploit drained funds from two markets on the Hyperliquid blockchain. Summary Hyperdrive exploited for ~$700K on Sept. 27. Attack traced to router contract permissions. Users reimbursed, markets fully restored. Hyperdrive, a decentralized finance protocol on the Hyperliquid blockchain, has resumed full operations and restored funds … Read more
Nine days after a damaging exploit drained assets from its Shibarium bridge, Shiba Inu’s developers have issued their most detailed update yet. The update outlines containment measures while conceding to profound structural weaknesses in the project’s validator network. The attack on September 12 exploited a flaw at the heart of Shibarium’s proof-of-stake bridge, where validators … Read more
Key Takeaways New Gold Protocol, a new DeFi platform, was exploited for $2 million via a flash loan attack. The exploit occurred soon after launch, indicating weaknesses in the smart contract’s transfer logic. Share this article New Gold Protocol, a recently launched DeFi staking project, lost $2 million in a flash loan exploit that targeted … Read more
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