security

MetaBlockX.com provides accuracy-focused price analysis and up-to-the-second Bitcoin pricing information. It further equips you with smart staking insights and essential security guidance, so you can navigate the digital asset landscape with clarity, confidence and control. Today, let's dive into a fascinating challenge that highlights a potential future threat to Bitcoin:...

DeFi. Decentralized Finance. A new financial daybreak lies ahead. This shift has transformational potential, particularly in Asia, where millions continue to face barriers to conventional banking. This dawn is many times concealed by the fog of security vulnerabilities, as the recent KiloEx hack made famous, vividly reflects. The $7.5 million...

The KiloEx hack. $7.4 million gone. A multi-chain NFT-ccident horror show playing out on Base, opBNB, and BSC. And a stark question looms: Are we building a cross-chain DeFi future on foundations of sand?Systemic Risk: DeFi's House of Cards?Think of the 2008 financial crisis. Subprime mortgages, bundled into securities and...

As many are unfortunately aware, the decentralized finance (DeFi) space is regularly plagued by security exploitation. The recent fatal crash with KiloEx underscores the stakes here. KiloEx, a decentralized exchange known for its perpetual contract products, was recently exploited on April 15th. This single event had a large impact, accounting...

The $7.4 million hack of KiloEx, a decentralized perpetuals exchange, seemed like just another doomy headline in the ongoing DeFi horror show. Base, opBNB, BSC – the attack was chain agnostic, slithering its way across chains. A price oracle vulnerability attempted the usual suspect, which enabled manipulation of ETH/USD values....

If caught, the FBI would be in pursuit of $35 million in stolen Bitcoin from the Bybit hack. A $1.4 billion hack. Let that sink in. That’s not just a data breach, it’s a financial earthquake that should be rattling Asia’s entire crypto foundation. This doesn’t just hurt Bybit, it...

ZKsync, one of the most popular Ethereum Layer-2 platforms, recently experienced a $3 million security breach. Hackers made off with $5 million worth of airdrop tokens in the attack. This incident shows the risks associated with misuse of an admin wallet. It’s a shocking instance of just one of the...

The ZKsync hack. It’s more than a typical market headline, it’s a freezing bucket of water poured on the face of DeFi. And quite frankly, it’s the rude awakening we sorely required. None of us wants to see $5 million go poof. This incident has laid bare alarming flaws in...

The rapidly evolving landscape of decentralized finance (DeFi) is full of innovation and promise, yet it continues to pose serious security threats. A couple of weeks ago, ZKsync—one of the most popular Layer-2 scaling solutions on Ethereum—suffered a security exploit. The ramifications of this incident resulted in the loss of...

To address these issues, Credefi has launched Module X, a mechanism aimed at improving security and reward distribution for participants in the staking landscape. Module X is critical in assuring long-term loan security. It provides a buffer for investors when defaults happen and it undergirds the rewards with the actual...