Another week of DeFi hacks, but ZK-proof development heats up: Finance Redefined

hot wallets, security experts reported on July 22. Since the amount of Bitcoin stolen is uncertain, the figures may be even higher.

According to on-chain sleuth ZachXBT, the funds have been stolen on the Ethereum network, then swapped for ETH before being bridged to the Avalanche and Bitcoin blockchains. DeDotFi’s security team said a leak of private keys may have caused the hack. Investigations are still in progress.The lending zkSync lending app, Era Lend, has been exploited for $3.4 million in crypto, according to a July 25 report from blockchain security firm CertiK.

According to the report, the attacker drained funds in two transactions using the externally owned account 0xf1D076c9Be4533086f967e14EE6aFf204D5ECE7a. The attacker relied on a vulnerability in “the callback and _updateReserves function” to manipulate a contract into reporting old values that had not yet been updated.ZK-proofs are cryptographic methods allowing one party to prove to another party that something is true without revealing any sensitive underlying private information.

Volume on Optimism fell behind Arbitrum in January, as season one of its “quest” feature ended. However, it recovered the top spot on July 25 as Worldcoin launched.

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

AG Lynn Fitch offers no new details on Chris McDaniel campaign finance complaintsAttorney General Lynn Fitch is still largely silent about what her office is doing about allegations that state Sen. Chris McDaniel broke campaign finance law in his bid for lieutenant governor.
Fonte: MSTODAYnews - 🏆 275. / 63 Consulte Mais informação »

Anchorage Assembly OKs Port of Alaska cargo terminal design and user fees to finance projectAnchorage officials have taken two big steps forward toward rebuilding the Port of Alaska — the aging and vulnerable cargo lifeline that almost the entire state relies on.
Fonte: AKpublicnews - 🏆 387. / 55 Consulte Mais informação »

Prosecutors drop Bankman-Fried campaign finance charge over treatyProsecutors dropped criminal campaign finance charges against FTX owner Sam Bankman-Fried, due to a complication related to the U.S.’s extradition treaty with the Bahamas.
Fonte: TheBlock__ - 🏆 464. / 53 Consulte Mais informação »

Sam Bankman-Fried Won't Face Campaign Finance Charge, U.S. DOJ SaysThe U.S. Department of Justice said late Wednesday it did 'not intend to proceed' with a campaign finance charge against FTX founder Sam Bankman-Fried, due to extradition treaty obligations with The Bahamas. nikhileshde reports
Fonte: CoinDesk - 🏆 291. / 63 Consulte Mais informação »

DOJ Will Not Pursue Campaign Finance Charge Against Sam Bankman-FriedThe Bahamas government informed U.S. authorities that the campaign finance charges were not part of the agreement between the two nations over Bankman-Fried’s extradition from the island nation.
Fonte: Forbes - 🏆 394. / 53 Consulte Mais informação »