by Giorgi Kostiuk
2 years ago
The first quarter of 2024 witnessed a significant financial loss of over $502 million due to 223 onchain security incidents, as per CertiK's latest "Hack3d" security report. Out of this amount, private key compromises accounted for $239 million, which was more than half of the total losses recorded during this period.
Suggestions put forth by CertiK co-founder Ronghui Gu include the adoption of multisig wallets and multiparty computation within the community to strengthen security measures.
Aave's GHO stablecoin is set to enhance liquidity and distribution through its native deployment on Arbitrum, a prominent Ethereum layer 2 environment.
Aave has launched its GHO stablecoin on the Arbitrum layer 2 network to enhance liquidity and usability in the DeFi ecosystem.
The market's response to MakerDAO's SPARK distribution plan highlights the importance of separating confirmed developments from speculation.
MakerDAO has introduced the SPARK distribution plan to clarify user incentives during its Endgame transition.
Paxos has launched USDGL, a yield-bearing stablecoin, in Singapore, focusing on regulatory compliance to enhance trust among users.
Paxos has launched USDGL, a yield-bearing stablecoin, in Singapore, focusing on regulatory compliance to enhance trust among users.
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