Businesses must maintain consumer loyalty to remain competitive in the digital age. NFTs, or non-fungible tokens, can be a powerful tool to achieve this by providing a special and immutable digital asset that rewards and expresses appreciation to users, thereby boosting their loyalty. NFTs are already being used by Web3…

TL;DR On March 21, 2023, the ASKACR Token on BNB Chain was exploited, resulting in a total loss of 85 BNB, worth approximately $28,400. Introduction to ASKACR Token $ASKACR is a token on BNB Chain. Vulnerability Assessment The attack was possible because of a flaw in the way rewards are distributed by the transfer function, which operates…

MakerDAO MCD (Multi-Collateral DAI) V1 cover is available from the Prime dApps cover pool. This parametric cover will protect policyholders’ assets using the MakerDAO protocol against the risk of smart contract vulnerabilities. About MakerDAO Protocol MakerDAO is an Ethereum-based DeFi platform. It lets users produce DAI, an US dollar-pegged stablecoin, using Ethereum as…

TL;DR Sony has introduced cross-platform NFT trading for Playstation users. Polygon and Salesforce have launched loyalty programs with NFT integration. Moxy, the blockchain-based ePports platform, has launched a beta challenge with tokens and digital collectibles as rewards. Blockchain Hacks Euler Finance was exploited in a series of transactions, resulting in a total loss…

Artificial Intelligence (AI) isn’t new, but tools such as ChatGPT have made AI much more accessible to the general public and to app developers. Instead of being reserved only for academics and those working at organizations with vast amounts of computing power, AI is now accessible to anyone with a…

TL;DR On March 15, 2023, Poolz Finance was exploited on Ethereum, Polygon, and BNB Chain, resulting in a total loss of approximately $550,000. Introduction to Poolz Finance Poolz is a decentralized fundraising platform that helps cryptocurrency projects to launch and expand their communities via IDOs, NFT sales, and gaming projects. Vulnerability Assessment The root cause of the…

The objective of this blog post is to provide a comprehensive understanding of the block timestamp, and how they can be used to perform an attack on a DeFi project. We will define the term and elaborate on its workings, examining its potential consequences for the blockchain ecosystem. …

Investing in DeFi pools offers the potential for high yields, but those yields are not without risk. Smart contract bugs and exploits, such as the ones targeting Ronin and Poly Network have collectively drained billions from investors. DeFi insurance aims to mitigate many of the risks associated with smart contracts…

TL;DR On March 23, 2023, Euler Finance was exploited in a series of transactions, resulting in a total loss of approximately $200 million. Introduction to Euler Finance Euler Finance is a UK-based startup that uses the power of mathematics in order to create high-performance, non custodial products on Ethereum and other blockchains. Vulnerability Assessment The vulnerability occurred…