Yearn Finance founder Andre Cronje suggests he did not mishandle the Eminence (EMN) project’s economic exploit, which he insists functions well. He accuses certain social actors of creating a story around EMN that caused rational actors to jump onto the token. Cronje’s comments follow reports that a group of defi community members planning to sue […]
The post Yearn Finance Founder Blames Social Actors for Role in the EMN Token Hack appeared first on Bitcoin News.
Powered by WPeMatico
]]>
Growing Ethereum network transaction fees, which touched new highs recently, are a direct consequence of the increasing number of defi projects and yield farming. Yield farmers need to pay ETH for transactions like moving funds in and out of pools. The increased number of yield farmers leads to more transactions and slower confirmations making higher […]
The post Defi Boom Fueling ETH Gas Fees, Threatens Viability of Smart Contracts appeared first on Bitcoin News.
Powered by WPeMatico
]]>
A number of university researchers published a study that demystifies the “fake deposit vulnerability” in Ethereum-based smart contracts. The findings show that over 7,000 tokens worth more than $1 billion built on top of Ethereum are vulnerable to two types of attacks that exploit smart contracts. Researchers from the University of Queensland, Beijing University of […]
The post Over $1 Billion Ethereum-Based Tokens Vulnerable to ‘Fake Deposit Exploit’ appeared first on Bitcoin News.
Powered by WPeMatico
]]>