🚀 PizzaSwap Testnet Relaunched After Maintenance
#PizzaSwap #Testnet #Relaunch #Maintenance #UniSat #Blockchain
According to BlockBeats, on September 4, UniSat announced that the maintenance of the PizzaSwap testnet has been completed and it is now back online.#PizzaSwap #Testnet #Relaunch #Maintenance #UniSat #Blockchain
🚀 Zilliqa Network Relaunches For Validators With Permanent Fixes In Progress
#Zilliqa #Blockchain #Validators #Relaunch #Updates #ZIL
According to PANews, the public blockchain Zilliqa has announced via its X platform that the network has been relaunched for validators. The team is currently working on deploying permanent fixes for public use and will provide updates as they become available.#Zilliqa #Blockchain #Validators #Relaunch #Updates #ZIL
🚀 Onyx Protocol Set To Relaunch After $3.8 Million Hack
#OnyxProtocol #DeFi #hack #OIP46 #Ethereum #lending #relaunch #NFT #crypto #security #blockchain #PeckShield #Cyvers #cryptohacks #Web3 #XCN #RWA
According to Cointelegraph, decentralized finance (DeFi) protocol Onyx is set to relaunch its open-source, permissioned financial network, Onyx Core, following a $3.8 million hack on Sept. 27. The hack exploited a known but unaddressed security vulnerability. The Onyx Improvement Proposal (OIP)-46, introduced on the same day as the exploit, called for significant changes to the protocol, including shutting down its Ethereum-based lending market and reimbursing lenders in full.
By Sept. 29, the OIP-46 proposal had received unanimous support from the Onyx community, with no votes against the proposed changes. The proposal is scheduled for execution on Oct. 1. The Onyx team plans to issue a revised white paper for the relaunch of Onyx Core as a primary product, alongside Onyxcoin (XCN) staking.
The restructuring will involve operating the Onyx Protocol as a closed-ended lending protocol on Onyx Core, allowing users to wrap non-fungible tokens (NFTs), real-world assets (RWA), and crypto assets. The hack was executed by manipulating an NFTLiquidation contract to inflate the self-liquidation reward amount. Blockchain security firm PeckShield noted that the same vulnerability was previously used to attack Onyx in October 2023. Other hacks exploiting the same vulnerability include the Hundred Finance hack in April 2023. The proposed restructuring aims to secure the Onyx Protocol from future attacks.
According to Web3 cybersecurity company Cyvers, losses from crypto hacks in the first three quarters of 2024 exceeded $2.1 billion. Centralized finance operators, such as crypto exchanges, were the biggest targets, with a 984% year-on-year increase in the first three quarters of 2024. Much of that came in the year’s second quarter when $401 million was lost. While losses in the DeFi sector dropped 25% year-on-year in Q2, the sector still saw $171.3 million lost from 62 incidents.#OnyxProtocol #DeFi #hack #OIP46 #Ethereum #lending #relaunch #NFT #crypto #security #blockchain #PeckShield #Cyvers #cryptohacks #Web3 #XCN #RWA
🚀 Spectral Network Relaunches After Security Breach Resolution
#Spectral #SecurityBreach #Relaunch #LiquidityPools #TradingProxy #MomentumTrading #StopLoss #BlockchainSecurity #OnChain #MachineIntelligence
According to Foresight News, the on-chain proxy machine intelligence network, Spectral, has announced its relaunch following a complete replenishment of all affected liquidity pools. The network's Syntax trading proxy is capable of managing over 100 open positions simultaneously, supporting strategies such as trailing stop-loss and momentum trading.
Previously, on December 1, 2024, Spectral's Syntax platform experienced a security breach. The project team identified and rectified a vulnerability within the bonding curve contract, ensuring that similar issues are prevented in the future. This proactive approach aims to safeguard the platform and its users from potential exploitation, reinforcing the network's commitment to security and reliability.#Spectral #SecurityBreach #Relaunch #LiquidityPools #TradingProxy #MomentumTrading #StopLoss #BlockchainSecurity #OnChain #MachineIntelligence
🚀 KiloEx Plans Security Audits with SlowMist Before Relaunch
#KiloEx #SecurityAudits #SlowMist #Relaunch #Blockchain #Crypto #AuditStrategies #Cybersecurity #PlatformSecurity
According to BlockBeats, KiloEx has announced plans to conduct security audits in collaboration with SlowMist before relaunching its platform. SlowMist has prepared two audit strategies to ensure comprehensive security measures.
The first option involves a complete audit by SlowMist before KiloEx goes live again. This process is expected to take approximately 45 days, aiming to provide thorough security assurance.
The second option is an initial permissions audit by SlowMist. This audit will focus on the protocol's permission mechanisms to prevent incidents similar to previous attacks. Based on the results of this initial audit, KiloEx will decide whether to proceed with the relaunch. Following this, SlowMist will conduct a full audit of the protocol's logic and economic model. The duration of this process is still under evaluation but is expected to be significantly shorter than 45 days.
KiloEx acknowledges the community's eagerness for the platform's relaunch and has opted for the second strategy, starting with the initial permissions audit. Once the audit results are available, KiloEx will promptly announce the relaunch schedule.#KiloEx #SecurityAudits #SlowMist #Relaunch #Blockchain #Crypto #AuditStrategies #Cybersecurity #PlatformSecurity
🚀 Infini Set to Relaunch Crypto Card Product
#Infini #CryptoCard #Visa #Relaunch #Crypto
Infini founder Christian shared a screenshot of a Visa crypto card on X, hinting at a major update set for release tomorrow. According to Odaily, this suggests the potential relaunch of Infini's crypto card product. Previously, Infini was a leading project in the crypto card sector but announced the cessation of Infini Card services in May of last year.#Infini #CryptoCard #Visa #Relaunch #Crypto