China News Official TheBitTimes.com

Shytoshi Kusama, the co-founder of the SHIB token, said the bridge was fixed with the help of Polygon Labs co-founder Sandeep Nailwal. Shibarium, a new layer-2 blockchain for Shiba Inu (SHIB) has surpassed 100,000 wallet s on its platform with 35,000 coming within 24 hours of Shibarium's relaunch on Aug. 28. Shytoshi Kusama, the lead developer and co-founder of Shiba Inu, confirmed Shibarium was back up and running in an Aug. 28 blog post. At the time, Kusama noted that Shibarium tallied 65,000 wallet s across 350,000 transactions — however, those figures have rocketed upwards since, respectively increasing 55.8% and 20.2%, according to Shiariumscan.io. Shibarium’s block explorer shows that 101,277 wallets have now facilitated 420,897 transactions across 344,614 blocks, with an average block time of 5 seconds. The number of wallet addresses increased from 65,000 to over 100,000 within 24 hours of Shibarium re-opening. Source: Shiariumscan.io In a statement, Kusama said the relaun...

BNB Chain’s cross-chain bridge (0x489a) recently fell victim to a major exploit. Following the hack’s massive financial losses, concerns about DeFi project security emerged. Peckshield advisory reveals massive losses Investors and security professionals are reeling from an attack on BNB Chain’s cross-chain bridge in which the severity of the harm inflicted was made clear in a stern advisory released by Peckshield, a blockchain security company. Peckshield’s research indicates that the exploit er liquidated about 1.1 million $vBNB tokens, worth about $10.2 million. The cross-chain bridge ’s security architecture was exposed by this hack, which triggered concerns. #PeckShieldAlert #BNBBridge Exploiter has been liquidated ~5.6M $vBNB (worth ~$52.3M) https://t.co/pDzlhOK3mE pic.twitter.com/IaGlXCvzy8 — PeckShieldAlert (@PeckShieldAlert) August 18, 2023 You might also like: RocketSwap unveils response strategy after $865k hack Another inc...