Crypto News·
THORChain opened ADR028 voting after a $10.7M exploit, proposing POL losses, synth sharing, no new RUNE, and a hacker bounty plan.
Read full articleTHORChain's recovery plan without token dilution could set a new standard in DeFi, emphasizing security and investor confidence over inflationary fixes. The post THORChain proposes recovery plan after May 15 exploit, no new RUNE minted appeared first on Crypto Briefing.
THORChain has faced criticism from crypto security researchers and investors after proposing to continue using its patched GG20 signing framework following a $10.7 million exploit tied to the system. According to a post-mortem report released by THORChain on Wednesday, a…
The $10.7 million THORChain exploit was caused by a GG20 vulnerability, which allowed a malicious node to reconstruct a full private key to one of its vaults.
A compromised internal wallet drained $700K from Polymarket. User funds stayed safe. Here’s what happened and how the team responded. A security incident hit Polymarket this week, shaking the prediction market platform briefly. An attacker gained access to an internal operations wallet used for rewards payouts. The breach triggered repeated POL token transfers, firing every […] The post Polymarket Exploit: $700K in POL Stolen, Executives Say User Funds Safe appeared first on Live Bitcoin News.
A practical overview of the Pol token: what it is, the problem it targets, how the token functions, ecosystem context, and risks to consider. The post Pol Token Explained: Use, Mechanics, And Ecosystem appeared first on BiteMyCoin.
A rogue node operator drained $10.7M from THORChain on May 15 via a GG20 vulnerability. Here is the full timeline, the security response, and what comes next. Someone joined THORChain’s developer Discord on May 1 under the handle Dinosauruss. The account was fresh. The questions were specific — how to get a node churned into […] The post A New Node Waited Two Weeks. Then It Took $10.7M From THORChain appeared first on Live Bitcoin News.
The CLARITY Act’s landmark committee approval has sent Bitcoin sentiment soaring to its highest point in months. Related Reading: $10M Gone: Thorchain Exploit Triggers Security Fears Across DeFi Data from Santiment shows that bullish Bitcoin commentary on social media has climbed to one of its greediest readings of the year, with 1.55 bullish comments for […]
Crypto may need a major overhaul sooner than most people think. Cardano founder Charles Hoskinson pointed to a specific proposal — Bitcoin Improvement Proposal BIP-361 — as a potential path forward for gradually moving Bitcoin users away from older wallet addresses toward ones built to resist quantum attacks. Related Reading: $10M Gone: Thorchain Exploit Triggers […]
