Day two of Web Summit began with a discussion around NFTs and the future of the metaverse, with major discussions lined up around Web3 throughout the day.
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Day two of Web Summit began with a discussion around NFTs and the future of the metaverse, with major discussions lined up around Web3 throughout the day.
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The individual who exploited the protocol intends to keep a 10% bounty of the stolen funds.
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The last week of October turned bearish for the DeFi market despite the string of hacks, as the majority of the DeFi protocols registered bullish weekly gains.
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Compound users can no longer use yearn finance (YFI), 0x (ZRX), basic attention token (BAT) or maker (MKR) tokens as collateral for loans.
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FTX founder Sam Bankman-Fried said the exchange won’t be “making a habit of compensating” users that are “phished by fake versions of other companies.”
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The fake website is actively promoting a fake giveaway of 500,000 USDT while asking users to connect their wallets (such as MetaMask) to claim the rewards.
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Analytical data reveals that DeFi’s total value registered another dip, with the total value locked (TVL) falling below $50 billion at the time of writing.
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Kim Grauer, Director of Research at Chainalysis, explains why the amount of crypto stolen in hacks is surging and what could be done to invert this dangerous trend.
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The BNB Chain team released its official statement on Oct. 7 regarding the hack and stolen funds, and a second statement on Oct. 11 on network decentralization.
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