WOOFi, a decentralized finance platform, experienced an exploit on March 5th that targeted its swap feature on the Arbitrum network. The event resulted in a loss of approximately $8.75 million in crypto assets. The platform said it has initiated efforts to recover these funds and has offered a 10% whitehat bounty to the exploiter. Additionally, …
Tag: Arbitrum
Mar 16 2024
Ethereum’s Layer 2 TVL Nears $30 Billion as ETH-Related Tokens Surge
Ether is up more than 10% over the last week to trade at $3,254, a new multi-month high. The Ethereum L2 TVL has also seen , reaching a new peak of $29.60 billion. Arbitrum takes the lead with 45.18% of the total TVL, representing $13.37 billion, followed by OP Mainnet at 25.55% or $7.56 billion. …
Oct 06 2023
Cardano Maintains Dominance in Developer Activity Charts with Impressive Score: Data
Cardano topped the chart for developer activity over the past 30 days with an impressive score of 572. The network continues to eclipse several prominent projects such as Polkadot, Hedera, Chainlink, and Cosmos. Cardano has faced a setback in the second half of 2023 due to regulatory concerns or fierce competition from layer-2 networks such …