According to a cybersecurity auditing firm, GameFi projects are putting "profits above security" and pose a great risk to the projects and its users.

According to a cybersecurity auditing firm, GameFi projects are putting "profits above security" and pose a great risk to the projects and its users.
Disappointing financial results have seen Tinder lay off its current CEO, slash funding to metaverse development, and ditch plans for its virtual currency Tinder Coins.
The $190 million Nomad Bridge exploit is just the latest out of 13 separate bridge attacks in 2022 so far.
The unnamed recipient of the loan said the e-CNY transaction was fast and efficient; they received an equivalent of 500,000 CNY, which was $74,020 at the time of publication.
The developer who found the vulnerability requested developers to sign their revisions with the GPG key to ensure all their revisions on the project can be verified.
Ahren Posthumus said that it’s indeed a good time to buy but cautioned investors to double-check projects before putting their money into them.
The altcoins that were stolen in the Nomad bridge hack suffered as much as 94% decline in price after the exploit.
Solana users have been urged to move their funds to cold storage and be alert to possible scams after a major exploit of thousands of wallets sees more than $8 million stolen.
Self-organized teams that support crypto scams on Discord or Telegram are not illegal in the crypto market except in regulated exchanges.
Parallel to the ongoing investigations of the Solana fiasco, CZ warned investors of “an active security incident on Solana” that drained funds in SOL and USDC off over 7000 wallets.
The Ethereum network continues to see the largest number of monthly-active contributors at around 2,000 as of July.
A shortage of mental health services in the future could be solved with a Web3-powered mental health support network, suggests academics.
The crypto contagion only hurt entities that poorly managed their treasuries, but didn't affect the underlying blockchain technology, he said.
NFT marketplace Magic Eden noted that it “seems to be a widespread SOL exploit at play" and called on users to revoke permissions for any suspicious links in their Phantom wallets.
The academic textbook publisher hopes to capture a portion of secondary market sales on digital textbook sales by assigning an NFT to each title.
The Fantom market on Aave v3 adds just $30 each day to the DeFi protocol's treasury; developers are also concerned that the integration creates security risks.
A Waves proposal that aims to solve the liquidity problem of Vires.Finance has passed after gaining the support of its community.
The partnership will allow Wirex community members to swap their tokens through an API provided by 1inch Network.
Investors are said to be flocking to cold storage for their cryptocurrency as liquidity concerns plague the industry recently.
A new report reveals the Metaverse will have a market share surpassing $50 billion by 2026.
ECB’s interest in identifying the best cross-border payment solution stems from the fact that it serves as the central bank of the 19 European Union countries which have adopted the euro.
Although Bitcoin prices made a strong 15% recovery over the past week, metrics suggest more network demand would be needed to sustain further price increases.
The firm, whose data centers are located in the United States, generated $40 million in sales last year.
Anyone can buy the newly launched NFTiff, but Punk holders who own an NFTiff can also redeem it for a custom pendant.
Blockchain technology has proven to be transparent and could make international trade transparent and even more secure.
Scammers are using fake crypto apps to steal funds from investors. Some malicious apps find their way into official app stores.
Binance's new Binance Account Bound token is aimed at many use cases in the decentralized society but will initially only serve as Binance KYC user credentials.
Binance CEO Changpeng 'CZ' Zhao has stressed the importance of market liquidity after various countries ask for segregated order books.