PeckShield, a blockchain security firm, has confirmed the attack on Yearn Finance, citing the main reason for the theft as a misconfigured yUSDT. According to the company, the yUSDT was exploited to mint a huge yUSDT from only $10K of USDT. Then, the yUSDT was cashed out by swapping to other stablecoins.
This exploit comes only two months after Yearn Finance joined forces with many leading DeFi protocols to champion decentralization. Following the attack, the company issued a statement in an attempt to assuage its users. They have pointed to the problem being rooted in iearn and say that the attack doesn’t impact current Yearn contracts or protocols.
The metaverse project combines NFTs with virtual and augmented reality to allow players to build their own environments, interact with others, and earn rewards in the process.
The main RobotEra token is the $TARO token, which through a short presale, has already garnered more than $1 million.
According to RobotEra developers, their goal is to create a metaverse game that gives players an immersive experience while earning. On Taro, players take on roles of avatars or digital personas in an attempt to rebuild the world that was destroyed.
The RobotEra metaverse offers its players almost unlimited ways of play, as they can explore, rule, and create, all while earning during the game.
On Taro, players can earn by engaging in fun gameplay, which includes mining, exploration, creation, and battle. They can also sell NFTs, run ads, stake tokens, grow sacred trees, and much more. Through the native RobotEra market, players will exchange continents, robot companions, and other NFT commodities.
The Decentralized Autonomous Organization (DAO) structure of the game allows players to participate in the governance of the planet.
Under El Salvador’s Digital Assets Issuance Law, the country’s National Digital Asset Commission (NDAC) made the exchange the first international digital asset platform to obtain approval.
The new license will allow Bitfinex Securities to facilitate the issuance and secondary trading of assets. It will do so with clearly defined rights and obligations, which were outlined in the new digital asset regulatory regime.
El Salvador’s National Congress passed the Digital Issuance Law last January in an effort to foster increased investments in the country’s crypto sector. The law builds on the nation’s groundbreaking decision to adopt Bitcoin (BTC) as a legal tender.
All of El Salvador’s crypto efforts are focused on using the crypto industry to attract foreign investors and fuel the country’s economy.
MindAi, a new startup, focuses on creating new systems that will be massively scalable in the crypto and AI fields. The company’s current focus is on launching its own token $TMC, which is set to combine AI and blockchain industries, putting them to real-world use cases.
MindAi has given several reasons why it has decided that a new exchange is necessary. The first one includes the events surrounding the collapse of FTX and associated companies. According to the company, that showed that there was a need for a platform that’s fully compliant, transparent, scalable, and safe.
Also, MindAi wants to protect users’ assets, while delivering the best overall user experience. What’s more, the company believes that having a new exchange that is safer and more reliable would push adoption levels further. It would also help the industry grow and feature more quality projects.
A barber from Brazil was involved in a supermarket bombing after being refused a ransom paid out in BTC. The man, who had no previous record, demanded a BTC payment of just under $61,000.
The incident, which took place in Rondonópolis, a town in Mato Grosso, began when a man told a supermarket chain’s customer service that he would detonate an explosive device unless he received BTC.
After being refused the ransom, the barber detonated a homemade device, which left two people badly injured. Following the first explosion, the man threatened to detonate more devices unless he received payment.
However, according to police, after the man saw the devastation caused by the first explosion, which badly injured a child, he no longer wanted to continue his plan. Police say that the bomber confessed to planting bombs in supermarkets.
SushiSwap saw its smart contract exploited and then distributed across various blockchain networks. The contract aggregates trade liquidity from multiple sources and identifies the best prices for swapping coins.
A developer from DefiLlama suggested that only users who had swapped in the protocol four days prior to the attack should be affected by the attack. Following the hack, Sushi’s lead developer urged users to revoke permissions for all contracts on the protocol. He also created a list of contracts on GitHub with different blockchains that require revocation to address the problem.
Luckily for those affected in the attack, SushiSwap has managed to recover a large portion of the stolen funds through a white hat security process.