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Category: vulnerabilities
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Latam Still Unprepared to Deal With Crypto Crime and Scams, According to GFI Report
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Solana and Ethereum smart contract audits, explained
What are smart contract audits, how do they work, and how do they benefit the crypto projects who get their code scrutinized? Let’s find out.
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Bug in Solana Token Lending Contract Fixed, More Than $2 Billion Made Exploitable
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Binance Smart Chain Creates a $10 Million Bug Bounty Fund to Tighten Protocol Security
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Attackers Drain Millions From Cover Protocol, Token Holders Attack Compensation Plan
Decentralized finance insurance project Cover protocol briefly suffered losses when an unknown attacker minted over 40 quintillion Cover tokens. However, after successfully cashing out tokens worth about $5 million, the attacker unexpectedly returned ether tokens valued at about $3.2 million before leaving a message for the Cover team. Exploit No Longer Possible Immediately after the […]
The post Attackers Drain Millions From Cover Protocol, Token Holders Attack Compensation Plan appeared first on Bitcoin News.
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Lightning Network Exploits Continue to Hinder the Bitcoin Scaling Solution
While bitcoin has run-up to all new price highs in 2020, a great number of crypto supporters have been complaining about the mempool backlog and the high fees needed to send a transaction. Meanwhile, the Lightning Network is far from seeing widespread adoption, and a number of attack vectors have been revealed this year. At […]
The post Lightning Network Exploits Continue to Hinder the Bitcoin Scaling Solution appeared first on Bitcoin News.
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Researcher’s Scathing Lightning Network Analysis Finds Flaws
On January 7, digital preservation researcher David Rosenthal published an overview of BTC’s Lightning Network (LN) which claims LN infrastructure isn’t decentralized and privacy-preservation is a myth. Rosenthal’s analysis found significant flaws with the LN fee system and the editorial insists “in order for Lightning Network to provide privacy, it must be massively over-capitalized.” Also […]
The post Researcher’s Scathing Lightning Network Analysis Finds Flaws appeared first on Bitcoin News.
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Bounty.Cash Pairs Projects With Developers Finding Solutions for BCH
Using bounties to seek solutions to various problems has proved to be a working approach for many projects in the crypto industry. Bounty.Cash is a platform that matches businesses and entrepreneurs with developers who are ready to solve issues with apps and features and get rewarded with bitcoin cash. Also read: Buy From Home Depot […]
The post Bounty.Cash Pairs Projects With Developers Finding Solutions for BCH appeared first on Bitcoin News.
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Analysis Shows Lightning Network Suffers From Trust Issues Exacerbated by Rising Fees
Over the last two years, the Lightning Network has been touted as the scaling solution for the Bitcoin Core (BTC) network. However, the solution has been heavily criticized for its lack of security, and on March 28, Bitcoin Unlimited’s chief scientist Peter Rizun wrote an interesting evaluation of the Lightning Network’s “dirty little secret.” Also […]
The post Analysis Shows Lightning Network Suffers From Trust Issues Exacerbated by Rising Fees appeared first on Bitcoin News.
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