A massive smart contract hack has been identified in the on-chain DEX aggregator SwapNet, which resulted in crypto assets to the tune of close to $16.8 million being siphoned off. Peck Shield, a security company, first reported the attack, noting the suspicious action on the platform’s SwapNet integrations, which can
Blockchain security firm SlowMist has flagged a new Linux-based threat that targets crypto recovery phrases by exploiting trusted apps distributed through the Snap Store. The company warned that attackers are hijacking long-standing Snap Store publisher accounts and pushing malicious wallet updates through official distribution channels, putting long-time Linux users at
If you are asking yourself who the best Web3 smart contract auditors are, it requires looking past brand familiarity and examining measurable output: which firms repeatedly secure high-value protocols, publish meaningful research, and demonstrate clear technical depth across complex systems. The organizations in this ranking were selected because they appear
DeFi protocols live or die by the quality of their code, whether they are designed for trading, lending, swapping, staking, or something else. Just as banks employ complex security measures to protect their vaults, DeFi developers fine-tune smart contracts to ensure they run smoothly and can’t be exploited. Despite their
Friend.tech, the Web3 social media platform that once surged to prominence, experienced a dramatic downfall after its developers lost control of its smart contracts. On September 8, the team transferred ownership of its smart contracts to Ethereum’s null address. The action was done to prevent future changes to the platform’s
Ethereum founder Vitalik Buterin drops a bombshell on Twitter, he claims that MPC-based EOAs are fundamentally flawed because they cannot revoke keys, “Smart Contract Wallets are the only option” In a recent Twitter Ask Me Anything (AMA) session conducted by Vitalik Buterin, he made a significant revelation regarding the flaws
New technologies constantly change the landscape of business finance. Startup Decentralized Finance (DeFi) marketplaces are the next step in the evolution of entrepreneurial finance. The term “Decentralized Finance,” also known as “Distributed Finance” or “Open Finance,” refers to a financial business environment without a single governing authority. DeFi is a
Chainlink, a provider of blockchain data, recently unveiled a platform that will let programmers link data to smart contracts. Developers can connect their decentralized applications (dApps) or smart contracts to any Web2 API using Chainlink Functions, and then use the network’s highly secure and dependable platform to perform custom computations
Space and Time to support the growth of businesses through smart contract technology. The funds will be utilized to speed up engineering and product development. Space and Time, the decentralized data platform has recently announced that it has acquired $20 million in strategic funding from marquee investors led by Microsoft’s
The Smart Contracts have given rise to NFTs and DeFi , Cuban stated. Mark Cuban has stated that he is a big fan of the Ethereum Merge. American billionaire and entrepreneur Mark Cuban has long been outspoken on topics relating to cryptocurrencies, and he has described himself as a supporter
