A deprecated Aztec Connect smart contract has been exploited for about $2.19 million, showing once again that old DeFi code can still bleed value long after the front-end disappears. $2.19 million drained from a deprecated Aztec Connect smart contract SlowMist analysis says the hit was on legacy infrastructure, not the active Aztec network Immutable contracts […]
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GANA Payment Hacked for Over $3.1 Million: Another DeFi Disaster on Binance Smart Chain Waking up to find $3.1 million of your project’s funds snatched by a faceless hacker is the stuff of nightmares. That’s the harsh reality for GANA Payment, a fledgling decentralized finance (DeFi) protocol on the Binance Smart Chain (BSC), struck by […]
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Blockchain Apps Thrive with $2.6B Revenue in Q1 2025 Amid Crypto Market Downturn Despite an 18% dip in the Crypto Sectors price index during Q1 2025, blockchain applications have demonstrated remarkable resilience, generating a staggering $2.6 billion in revenue. This surge was primarily driven by fees from blockchain-based applications, which saw a 100% increase year-over-year. […]
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Exploring Bitcoin’s Drivechain: A Smart Contract Approach with OP_CAT Bitcoin’s Drivechain proposal aims to enhance its functionality through sidechains, using a smart contract that employs the OP_CAT opcode to mimic the hashrate escrow mechanism of BIP300. This approach could revolutionize Bitcoin’s capabilities while maintaining its core integrity. Drivechain enhances Bitcoin functionality with sidechains. OP_CAT enables […]
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The Idols NFT Project Loses $324,000 in Smart Contract Exploit In the world of NFTs, where digital art meets high finance, a single flaw can lead to a catastrophic loss. The Idols NFT project recently discovered this harsh reality when it lost $324,000 due to a smart contract exploit. The Idols NFT project lost $324,000 […]
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UniLend Exploit: A $200,000 Wake-Up Call for DeFi Security – UniLend exploit: $200,000 loss due to smart contract bug – Swift response: Bounty offered to the attacker – Community support: Rallying around UniLend – Security lessons: Need for rigorous audits and protocols In the decentralized finance (DeFi) arena, where innovation is king but security is […]
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Virtuals Protocol Dodges Disaster Thanks to Security Sleuth Jinu – **Virtuals Protocol fixes critical smart contract vulnerability** – **Jinu’s public disclosure on X forces swift action** – **Bug bounty program relaunched, but reward still pending** On December 3, 2024, Virtuals Protocol, a blockchain firm focused on AI agents, narrowly escaped a major crisis thanks to […]
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