Recently, Supremacy, a blockchain security team, tweeted that the contract of DeFi investment management tool Earning.Farm suffered a flash loan attack, through which MEV bots earned 480 ETH and the hacker made a profit of 268 ETH. Though veteran DeFi users are very familiar with flash loans, the term could be confusing for many crypto beginners. In this article, we will focus on flash loans and help new crypto users understand these loans that are unique to the crypto space.Types of loansWe ...

Recently, Supremacy, a blockchain security team, tweeted that the contract of DeFi investment management tool Earning.Farm suffered a flash loan attack, through which MEV bots earned 480 ETH and the hacker made a profit of 268 ETH. Though veteran DeFi users are very familiar with flash loans, the term could be confusing for many crypto beginners. In this article, we will focus on flash loans and help new crypto users understand these loans that are unique to the crypto space.Types of loansWe ...

Just recently, Transit Swap, a cross-chain swap aggregator platform, announced that it had suffered a hack. According to the official announcement on October 12, the hack resulted in a loss of $28.9 million in funds. Following the request of Transit Swap, the whitehat hacker has returned funds worth $24 million, and $4.9 million of the stolen funds are still not returned.Reasons behind the hackAccording to the official announcement, Transit Swap examined the hack and confirmed that it was cau...

Just recently, Transit Swap, a cross-chain swap aggregator platform, announced that it had suffered a hack. According to the official announcement on October 12, the hack resulted in a loss of $28.9 million in funds. Following the request of Transit Swap, the whitehat hacker has returned funds worth $24 million, and $4.9 million of the stolen funds are still not returned.Reasons behind the hackAccording to the official announcement, Transit Swap examined the hack and confirmed that it was cau...

Recently, the mainnet of Aptos, a public chain, founded by the Diem (formerly Facebook’s Libra project) team, has officially gone live. Based on the existing status of its community, the chain airdropped a total of 20,076,150 APT to 110,235 testnet participants, and users who met the minimum requirement could claim 150 APT. On the day of the airdrop, the APT price stood at approximately $8.5 (trade APT), which means that the 110,235 users could get tokens worth at least $1,200 per person from...

Recently, the mainnet of Aptos, a public chain, founded by the Diem (formerly Facebook’s Libra project) team, has officially gone live. Based on the existing status of its community, the chain airdropped a total of 20,076,150 APT to 110,235 testnet participants, and users who met the minimum requirement could claim 150 APT. On the day of the airdrop, the APT price stood at approximately $8.5 (trade APT), which means that the 110,235 users could get tokens worth at least $1,200 per person from...

Over recent years, as blockchain infrastructures keep advancing, applications built on top of them have become increasingly diverse. In particular, DeFi has been one of the most trending segments. Apart from the common DEXes, decentralized lending platforms are also essential to the DeFi ecosystem. As one of the most common finance scenarios in our everyday life, lending provides short-term liquidity needed by many companies or individuals. In reality, lending products are heavily dependent o...

Over recent years, as blockchain infrastructures keep advancing, applications built on top of them have become increasingly diverse. In particular, DeFi has been one of the most trending segments. Apart from the common DEXes, decentralized lending platforms are also essential to the DeFi ecosystem. As one of the most common finance scenarios in our everyday life, lending provides short-term liquidity needed by many companies or individuals. In reality, lending products are heavily dependent o...

On September 23, Cosmos co-founder Ethan Buchman published an article titled Phases of Cosmos, in which he mentioned that September 2022 represents a critical transition point in the history of the Cosmos project, marking the end of the first major phase (Initiation) of Cosmos and the dawn of a new one (Integration). Buchman also said that once the project goes through Integration, Cosmos will move onto its third phase: Illumination. Just a few days later, the Cosmos community released a new ...

On September 23, Cosmos co-founder Ethan Buchman published an article titled Phases of Cosmos, in which he mentioned that September 2022 represents a critical transition point in the history of the Cosmos project, marking the end of the first major phase (Initiation) of Cosmos and the dawn of a new one (Integration). Buchman also said that once the project goes through Integration, Cosmos will move onto its third phase: Illumination. Just a few days later, the Cosmos community released a new ...