Learn how Visa and Mastercard have adopted Web3 technologies into their ecosystem. — Visa and Mastercard are the gold standards for Web2 and real-world online payment processing. Together, they process around 390 billion transactions per year. They’re available worldwide and are able to handle high volumes of transactions. In theory, Visa can process as many as 24,000 transactions per second, while Mastercard can…

A spotlight article highlighting the Neptune Mutual NFT Portal and our profile on Element — Blockchain and Decentralized Finance (DeFi) are evolving landscapes with lots of emerging community-driven projects. Among the innovations stands Neptune Mutual, a project that prioritizes its community along with its mission to protect users from potential threats in the Web3 space. With the aim of encouraging active participation and engagement in…

Learn how Balancer was exploited, resulting in a loss of assets worth over $238,000. — TL;DR On September 20, 2023, Balancer was the target of a BGP hijacking attack, which resulted in a loss of funds worth over $238,000. Introduction to Balancer Balancer is an automated market-making protocol. Vulnerability Assessment The root of the exploit seemed to stem from a BGP hijacking incident, which redirected legitimate network traffic through malicious pathways…

Learn how Remitano was exploited, resulting in a loss of assets worth $2.7 million. — TL;DR On September 14, 2023, the hot wallet of the Remitano exchange experienced suspicious transactions, leading to a loss of funds worth over $2.7 million. Introduction to Remitano Remitano is a peer-to-peer crypto exchange and payment processor that focuses on emerging markets. Vulnerability Assessment The root cause of the exploit is likely due to the compromise…

Learn how CoinEx was exploited across multiple chains, resulting in a $59 million loss. — TL;DR On September 12, 2023, CoinEx was exploited across nineteen different chains, which resulted in a loss of funds worth over $59 million. Introduction to CoinEx CoinEx is a global, centralized cryptocurrency exchange. Vulnerability Assessment The root cause of the exploit is likely due to the compromise of the private keys.

An overview of our recent reward program to encourage talented creators in our ecosystem. — At Neptune Mutual, we believe that the strength of a blockchain project depends on its users and community. We have been consistently introducing ways to engage with our community as well as opportunities to reward them. In the past, we have launched several schemes, like testnet contests, and rewarded the…

Understand how blockchain indexing works and how it eases retrieving data from blockchains — One of the most interesting properties of blockchain is its immutability. This means it is exceptionally difficult to modify data in a blockchain because each block depends on the block that came before it. This makes blockchains ideal for tracking transactions. However, blockchains do far more than just keep track…

Learn how Stake was exploited across multiple chains, resulting in a $41 million loss. — TL;DR On September 4, 2023, Stake was exploited across multiple chains, resulting in a loss of funds worth approximately $41 million. Introduction to Stake Stake is a cryptocurrency-based online betting platform that ensures a reliable gambling experience. Vulnerability Assessment The root cause of the exploit is likely due to the compromise of the private keys.

Learn how Multichain was exploited, resulting in a loss of 308 ETH, worth $949,000. — TL;DR On January 18, 2022, Multichain disclosed the existence of a smart contract vulnerability, which resulted in a loss of roughly 308 ETH, worth approximately $949,000. Introduction to Multichain Multichain is an infrastructure designed to support arbitrary cross-chain interactions. Vulnerability Assessment The root cause of the exploit is a lack of input validation.