The exploit on the Socket protocol impacted 219 users with net losses of around $3.3 million.
The cross-chain lending protocol expects to fully clear its bad debt within 90 days.
Multiple Web3 protocols and crypto websites, including Cointelegraph itself, fell victim to a coordinated email hacking campaign.
Crypto asset losses from the network went from $1.1 billion in 2022 to around $161 million in 2023.
Even some of the industry’s “rug pull detectors” didn’t pick up on the sophisticated rug pull schemes, according to the blockchain security firm.
Fidelity’s (FBTC) and BlackRock’s iShares Bitcoin Trust (IBIT) have both had over $1.2 billion in inflows in the first six days of trading.
Over 135 million RPC requests flooded Manta’s blockchain nodes on Thursday.
A Web3 event in Dubai aims to bring SocialFi to the spotlight by showcasing the potential of decentralized social media.
According to the Bitcoin ESG Forecast, Bitcoin Mining is currently the only primary global industry powered mainly through sustainable energy.
Social media giant Reddit reportedly intends to launch its initial public offering (IPO) in March, nearly three years after hiring IPO advisers.