Automated Market Maker Glide Finance Exploited, Post-Mortem Reveals It Was The Teams Own Fault

A little-known DEX, Glide Finance, was exploited for $300,000 late on Sunday, and funds were drained from their pair contracts. The audit protocol said while diagnosing the root cause of the exploit, they found that it wasn’t the smart contract auditor Paladin Blockchain Security’s fault, rather their own. The team said, “We made a fee […]

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Tether Puts the Past Behind Them by Paying $41M to CFTC for Not Having All of Its Reserves in Cash

The US Commodity Futures Trading Commission (CFTC) announced that it has settled charges against Tether for “making untrue or misleading statements and omissions of material fact in connection with the U.S. dollar tether token (USDT) stablecoin.” Tether will pay a $41 million penalty for what the company says is “putting the past behind us so […]

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Fortnite Developer Epic Games ‘Welcomes’ Crypto and NFT Games After Steam’s Ban

Steam, a video game digital distribution service, is no longer allowing blockchain-based games that involve non-fungible tokens (NFT) and cryptocurrency. “Applications built on blockchain technology that issue or allow exchange of cryptocurrencies or NFTs,” are specified under the category “what you shouldn’t publish on Steam” on Steamworks’ onboarding page. The rule has been added this […]

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