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GMX Defends Contracts After $13 Million Loss Tied to Abracadabra’s Cauldron Exploit

Prominent blockchain security firm PeckShield reported an exploit involving the GMX decentralized exchange (DEX), which has brought attention to vulnerabilities within the Abracadabra (Spell) ecosystem. The incident, tied to Abracadabra’s…

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Internal Conflict at Thorchain as North Korean Hackers Leverage Network for Crypto Laundering

Thorchain, the interoperability-focused decentralized exchange protocol, is losing key developers as internal disagreements escalate over how to handle illicit funds flowing through the network. The issue gained urgency after reports…

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Bybit’s ETH Reserves Rebound, But Bitcoin and USDT Holdings See Major Declines

Bybit suffered a significant security breach last Friday, losing 401K ETH – worth around $1.4 billion – in one of the largest crypto heists in history. The attack has been…

Continue ReadingBybit’s ETH Reserves Rebound, But Bitcoin and USDT Holdings See Major Declines