At 1 a.m. on March 29, Jiho Zirlin, a co-founder of the Vietnamese crypto gaming company Sky Mavis, received a text from his fellow co-founder Aleksander Larsen. Zirlin, who is also the company’s head of growth, was in Los Angeles at the time, winding down for the night at his
Crypto has entered a bear market in 2022. Here’s how cybercrime and NFT swindles have helped fuel the downturn.
After the digital asset boom in 2021, the market has reversed course this year as investors shed positions in cryptocurrencies and NFTs amid a broader bear market and a slate of high-profile cyber-attacks in the sector. The crypto market has cratered from its peak valuation of $3 trillion in November
The Bored Ape Yacht Club (BAYC) Discord server was hacked Saturday, with the attacker making off with 200 ETH ($360,000) worth of non-fungible tokens (NFT), according to Yuga Labs. The hack took place after the project’s community manager, Boris Vagner, had his Discord account compromised, which the attacker then used
Chris Chapman used to own one of the most valuable commodities in the crypto world: a unique digital image of a spiky-haired ape dressed in a spacesuit. Mr. Chapman bought the nonfungible token last year, as a widely hyped series of digital collectibles called the Bored Ape Yacht Club became a
Satoshi Nakamoto imagined a trustless, transparent financial system without the need for intermediaries like banks mediating everyday transactions. Nakamoto’s philosophy reached its zenith with the emergence of smart contracts and decentralized finance (DeFi). The DeFi sector grew significantly, and its total volume locked (TVL) surpassed $250 billion in 2021. Despite turbulent
A Discord bot widely used by NFT projects, most notably the very popular (and very recently breached) game Axie Infinity, was compromised leading to scam messages being passed to users. A hack of the “Mee6” bot used to moderate Discord channels led to scam messages being passed in these communities,
Blockchain analytics firm Chainalysis has released a new tool to track transactions across decentralized finance (DeFi) protocols and multiple blockchains. Chainalysis launched a beta version of its Storyline software on Wednesday. Touted as a “Web3-native blockchain analysis tool,” Storyline aims to track and visualize smart contract transactions with a focus on
Researchers have identified a security flaw in NFT marketplace Rarible that could have led to the theft of crypto wallets. If exploited, the vulnerability would have enabled a threat actor to steal a user’s NFTs and cryptocurrency wallets in a single transaction. Researchers at CheckPoint said that a successful attack would
Once again, we present to you the annual OODA Almanac which is intended to be a quirky forecasting of themes that the OODA Network think will be emergent in 2022. Our 2021 Almanac had some great frameworks for understanding the year ahead with lots of compelling insights. The theme for this year is surviving and thriving in an age of exponential disruption. It seems that everything is getting disrupted; national security, economic security, technology, culture and media. New ideas are old and old ideas are new. Here’s our take for 2022.