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Blockchain: A Review of New Solutions and Security Issues in the Crypto Industry

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by Giorgi Kostiuk

a day ago


This week saw several significant events in the cryptocurrency world, including the launch of new tools and scandals related to token exploitation.

Launch of New Bitget Tool

Bitget has introduced a new feature called 'Bitget Onchain,' aimed at traders wanting access to early-stage tokens. Users can now purchase tokens directly using USDT or USDC through their existing Bitget accounts. The tool includes an AI filter to identify promising tokens and built-in risk alerts.

Exploitation of JELLY Token

The JELLY token was exploited by a trader who earned $6.2 million through price manipulation. This incident raised concerns about security in decentralized finance, as some wallets still hold significant amounts of the token. The Hyperliquid platform promised to reimburse users, excluding the perpetrator.

Success of BlockDAG in Presale

BlockDAG (BDAG) has become one of the most successful presale projects, raising $214.5 million and selling over 19 billion tokens. The token has increased in value by 2380%, and the project already has an active infrastructure, including a mobile app and hardware mining units. Listings on more than 10 centralized exchanges have been announced.

These events highlight different aspects of the crypto industry, from new technologies and simplified trading to security issues and the dynamic growth of successful projects.

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