Major Security Breach on Delta Prime: Hacker Drains $6 Million in Assets
In a significant attack on the decentralized finance (DeFi) platform Delta Prime, a hacker managed to exploit a vulnerability in the system’s token minting process, draining over $6 million in assets. Operating on the Arbitrum network, Delta Prime was compromised after the attacker gained control of the platform’s admin account, reportedly by stealing the developer's private key.
USDT on TON Chain Surpasses $1 Billion in Circulating Supply
Tether’s USDT stablecoin has reached a new milestone, surpassing $1 billion in circulating supply on The Open Network (TON), according to data from Token Terminal. This significant achievement underscores USDT's dominance as the leading USD-backed stablecoin, outpacing its rivals like Circle’s U.S. Dollar Coin (USDC).
Circle’s USDC Stablecoin to Launch on the Sui Network
Circle, the issuer of the widely-used USDC stablecoin, has announced that it will be expanding USDC’s reach to the Sui blockchain through its Cross-Chain Transfer Protocol (CCTP). This integration is a significant development for the Sui network, a relatively new blockchain that has been gaining traction in the decentralized finance (DeFi) space.
Thorchain's Major Upgrade: What the Hard Fork Means for the RUNE Token
On September 4, 2024, Thorchain completed a significant hard fork, marking a major milestone for the decentralized liquidity network. This upgrade focused on improving the overall performance of Thorchain’s cross-chain exchange capabilities, with particular attention to supporting Bitcoin Taproot addresses, a crucial enhancement for enabling seamless Bitcoin transactions.
Bhutan Overtakes El Salvador in Bitcoin Holdings: A New Crypto Powerhouse in South Asia
Bhutan’s quiet yet strategic accumulation of Bitcoin is reshaping its position in the global crypto landscape, surpassing even El Salvador, which has been the poster child of national Bitcoin adoption. As Bhutan continues to embrace cryptocurrency, it could emerge as a regional leader in the blockchain space, leveraging its holdings for innovation and economic growth.
Changpeng Zhao’s Anticipated Prison Release: What It Could Mean for Binance and the Crypto Market
Changpeng Zhao's expected release on September 29 is highly anticipated by both Binance users and the broader crypto community. As Binance’s founder and a key figure in the crypto industry, his return could help steer the company through its current regulatory and operational challenges. The coming months will reveal whether Zhao’s leadership can once again propel Binance to the forefront of the industry and restore investor confidence in the global cryptocurrency market
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