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Showing posts with the label action

Trader Joe suffers breach, urges users to take action

Trader Joe has swiftly addressed a vulnerability in its analytics plugin, advising users to revoke access to a suspicious contract and restore safety. The popular decentralized exchange (DEX) Trader Joe, on Nov. 17 announced a security breach in its frontend interface.  The breach, identified in a third-party analytics plugin, potentially put numerous users at risk, leading to immediate action by the platform’s team. Important Security Alert We have been alerted to a possible vulnerability in our frontend interface. Our team is conducting an immediate and thorough investigation. We strongly advise all users to refrain from trading and from executing any transactions on the Trader Joe… — Trader Joe (@TraderJoe_xyz) November 17, 2023 Breach detection and immediate response According to the Trader Joe team, they discovered the vulnerability during a routine check, which revealed compromised JavaScript code in a third-party analytics tool.  Update Our team's ...

Platypus regains 90% of funds from exploit, will not pursue legal action

Platypus Finance, a decentralized finance protocol on the Avalanche blockchain, has recovered 90% of its assets following a recent security breach involving flash loan attacks. Platypus Finance, a DeFi protocol operating on the Avalanche blockchain, announced the recovery of 90% of the assets lost to a security breach last week. On Oct. 12, the platform fell victim to three flash loan attacks, which resulted in the theft of $2.23 million. A flash loan attack is an exploitation in which hackers manipulate vulnerabilities to borrow cryptocurrency without the requisite collateral, effectively draining the protocol of its assets and causing bad debt for its users or treasury. 2/ Along with the recovery on Oct 12, over 90% of the funds have been recovered. The net loss has been minimized to approximately 18k AVAX. We will release further information on withdrawal arrangement as we progress. — Platypus (+🦦+🦫) (@Platypusdefi) October 17, 2023 By Oct. 17, the protocol’s develop...

Ripple CTO States His Father Bought XRP at Fraction of a Penny in 2014

Ripple CTO David Schwartz’s father purchased over one million XRP in April 2014 for approximately half a cent per token. With XRP currently trading around $0.51, those tokens are now worth over $500,000. Schwartz’s father’s scored an easy 10,000% with his investment. Cryptocurrency trader Alex Cobb recently asked his community about the lowest price they’ve paid for Ripple (XRP). While many shared purchases around $0.07 to $0.12, Ripple CTO David Schwartz revealed his father’s particularly well-timed 2014 investment. My father bought over a million XRP in April of 2014 from Justcoin at about a half penny per XRP. — David "JoelKatz" Schwartz (@JoelKatz) October 3, 2023 In a comment, Schwartz shared that his father had bought over one million XRP in April 2014 through the Justcoin exchange at approximately half a cent per token. This totaled around $5,000 at the time. With XRP currently trading around $0.51...