Porsche NFT trading volume nears $5M: Nifty Newsletter, Jan 25–31
In this week’s newsletter, read about how Moonbirds founder Kevin Rose lost nonfungible tokens (NFTs) worth more than $1.1 million. Find out why an NFT collector is suing NFT...
OpenSea serves as an example of why crypto security must improve
In February 2022, OpenSea fell prey to a major phishing attack that resulted in over $1.7 million in nonfungible tokens (NFTs) being stolen from users. It wasn’t the only...
BonqDAO protocol suffers $120M loss after oracle hack
A small decentralized autonomous organization (DAO) has suffered a rather sizeable smart contract exploit, leading to an estimated $120 million being stolen from its protocol.BonqDAO told its Twitter followers...
Developers seek solutions for Web3-related scams from internet browsers
A big concern for users in decentralized finance (DeFi) is its susceptibility to exploits. A report from Privacy Affairs revealed hackers stole $4.3 billion worth of cryptocurrency from January to...
Wormhole wins second ‘temp check’ to become bridge for Uniswap governance
The Uniswap DAO has approved a second non-binding proposal, called a “temperature check,” to make Wormhole the official bridge for cross-chain governance of the protocol between BNB Chain and...
Crypto exploit losses in January see nearly 93% year-on-year decline
Aside from the bullish crypto market rally in January, there’s been more positive industry news as the month saw a steep decline in losses from exploits compared to the...
Here’s how to prevent NFT theft, according to industry professionals
As nonfungible tokens (NFTs) attract more users, they also capture the eyes of scammers. Bad actors in Web3 have set their sights on digital collectibles, with millions being lost...
Hackers breach Azuki’s Twitter account, stealing $758K in 30 minutes
Azuki, a popular nonfungible token (NFT) project, had its Twitter account compromised on Jan. 27, leading to hackers stealing over $750,000 worth of USD Coin (USDC) by posting a malicious “wallet...
TradFi and DeFi come together at Davos 2023: Finance Redefined
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week.Traditional finance, or TradFi,...
Hackers take over Azuki’s Twitter account, steal over $750K in less than 30 minutes
Azuki, a popular nonfungible token (NFT) project, had its Twitter account compromised on Jan. 27, leading to hackers stealing over $750,000 worth of USD Coin (USDC) by posting a malicious “wallet...
