Pac Finance, an Aave derivative on Ethereum's Blast network, experienced a major liquidation event due to an unexpected reduction in the liquidation threshold. Stani Kulechov raised concerns over $26 million in unnecessary liquidations, stressing the risks of forking code. The platform is addressing the issue with affected users through improved communication and planning.
EdmundThe SEC's withdrawal of the DEBT Box lawsuit prompts questions about its crypto regulation approach, urging investors to monitor evolving developments in this dynamic landscape.
Xu LinSEC Apologizes for Misleading Claims in Crypto Case,The SEC has admitted to making misleading statements in a cryptocurrency lawsuit, apologized, and is taking corrective actions.
EdmundYearn Finance's recent $1.4 million loss due to a script error highlights the ongoing security challenges in the DeFi sector, despite their efforts at improvement.
BerniceEl Salvador President Nayib Bukele's recent assertion on X about the country's bitcoin investments being "in the black" faces scrutiny as discrepancies in the tracking tool he referenced come to light.
AaronGitcoin accidentally sent $460,000 worth of GTC tokens to an untraceable contract address, leading to a loss with no means of recovery.
BitcoinworldThe failure also affected websites and apps at the Monetary Authority of Macau, Galaxy Macau hotel, Lotus TV Macau, and food delivery platform MFood
South China Morning PostCoinbase Chief Executive Brian Armstrong on Saturday condemned Sam Bankman-Fried’s account of how FTX found itself in an $8 billion hole.
decryptThe Internet of Things blockchain Helium, encountered a 4-hour network outage early this week owing to validator troubles that happened ...
BitcoinistAn error on the pricing oracle software for Terra Classic validators opened the door for an exploiter to drain four synthetic asset pools from the Mirror Protocol.
Cointelegraph