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The Ledger Saga (Part 2)  The alarm bells are still ringing in DeFi land. Everyone, from users to security experts, is urging caution: avoid any DApps that use the Ledger connector. It’s not just the “connect-kit” that’s vulnerable – this is a full-blown attack targeting multiple DApps. Even after Ledger fixes the bad code in… Read more

A critical security flaw in the Ledger ConnectKit library, widely used by decentralized applications (dApps) for crypto wallet integration, has thrown the DeFi ecosystem into disarray. This vulnerability, potentially injected through a compromised content delivery network (CDN), allows malicious code to be inserted into dApp front-ends, posing a significant threat to user assets. Dapps like… Read more

The Betrayal of a Perfect Stablecoin The recent demise of BUSD, widely considered the most robust and transparent stablecoin in the crypto space, has sent shockwaves through the Web3 community. This event exposes the vulnerability of even the most promising projects within the industry, raising serious questions about the fairness and integrity of the crypto… Read more

General Announcement: Changes to BUSD Support on Binance 1. Paxos Announcement: As Paxos has ceased minting new BUSD, Binance will discontinue support for BUSD products effective December 15, 2023. It is essential to note that BUSD will continue to be backed 1:1 by USD. Paxos has assured that BUSD will remain supported and redeemable through… Read more

In the midst of the persistent bear market, where various user metrics undergo a decline, sustaining motivation and conviction emerges as a formidable challenge. The downturn encompasses a reduction in user metrics, diminished governance activity, decreased volumes, lower bonuses, and a general decline in industry prospects. Is this an acceptable state of affairs? Frequently, we… Read more

In a recent communication, leading cryptocurrency wallet Trust Wallet has issued a warning to its user base regarding an ongoing challenge with the Bitcoin (BTC) node. This predicament has the potential to cause transaction delays and result in missing transaction history. In a statement posted on X (formerly Twitter) last Thursday, Trust Wallet acknowledged the… Read more

The Uniswap frontend, rather intriguingly, is not under the purview of the Uniswap protocol or its decentralized autonomous organization (DAO). Instead, it falls under the ownership of UniLabs, a third-party entity, which has opted to introduce a fee structure for users interacting with the platform. This unorthodox approach marks a departure from traditional DeFi governance… Read more

In recent developments, the states of Maryland and Georgia have granted money transmitter licenses to X, previously known as Twitter. Maryland issued a license to X’s subsidiary, Twitter Payments, last Wednesday, with Georgia following suit earlier this month. Notably, the Maryland license has been officially recorded in the Nationwide Multistate Licensing System (NMLS). These latest… Read more

In a recent security incident that sent shockwaves throughout the decentralized finance (DeFi) ecosystem, hackers exploited vulnerabilities in the Curve Finance pools using the Vyper programming language, resulting in the loss of over $61 million. This event has raised concerns about the stability of Vyper and its impact on the DeFi space, prompting discussions about… Read more

Introduction: Less than a week after a substantial breach of multiple liquidity pools on Curve Finance, which led to losses in the millions, the hacker responsible returned a significant portion of the pilfered funds. This gesture followed an encrypted message indicating their motivation. Simultaneously, Curve Finance initiated a bounty program to unmask the hacker. This… Read more