Blast network hits $400M TVL, rebuts claim that itâs too centralized
Web3 protocol Blast network has gained over $400 million in total value locked (TVL) in the four days since it was launched, according to data from blockchain analytics platform DeBank. But in a Nov. 23 social media thread, Polygon Labs developer relations engineer Jarrod Watts claimed that the new network poses significant security risks due […]
KyberSwap attacker used âinfinite money glitchâ to drain funds: DeFi expert
The attacker who drained $46 million from KyberSwap relied on a âcomplex and carefully engineered smart contract exploitâ to carry out the attack, according to a social media thread by Ambient exchange founder Doug Colkitt. Colkitt labeled the exploit an âinfinite money glitch.â According to him, the attacker took advantage of a unique implementation of […]
Sam Altman ousted from OpenAI, CTO Mira Murati named interim CEO
ChatGPT developer OpenAI has removed founder Sam Altman from his CEO position, according to a Nov. 17 blog post. Chief technology officer Mira Murati will be promoted to interim CEO. According to the post, the board of directors engaged in a âdeliberative review process,â which resulted in the conclusion that Altman âwas not consistently candid […]
OKX launches Ethereum layer-2 testnet using ZK-based Polygon CDK
Crypto exchange OKX has launched a testnet for an upcoming Ethereum layer-2 network named âX1,â according to a Nov. 14 announcement. The network is being developed using the Polygon chain development kit (CDK) and will use zero-knowledge proofs to validate deposits and withdrawals between layers. OKX exchange interface. Source: OKX OKX is the sixth-largest centralized […]