Ethereum News by Thebittimes.Com

The decentralized finance protocol Balancer suffered an exploit attack for nearly $900,000 in just a few days after a critical vulnerability was discovered. The Balancer team said a DNS attack was the source of an issue on its interface that was discovered on Sep. 20. Per reports, hackers stole $238,000 and users were advised to avoid interacting with the project’s website. The matter was previously under investigation, as crypto.news reported following an alert from Balancer. According to a later update, the protocol’s domains have now been secured by the Balance DAO, a decentralized autonomous organization that manages the Ethereum-based automated market maker. Regarding the recent DNS attack, we can confirm that the domain is now secure and back under the control of the Balancer DAO.https://t.co/kNWcQADaqa and other https://t.co/RQO6oJXEpJ subdomains are SAFE to use. [1/2] — Balancer (@Balancer) September 20, 2023 The team traced the attack to a compromised domain registrar

The proof of humanness protocol released security audit reports claiming that most issues were fixed or mitigated. Proof of humanity protocol Worldcoin released its audit report s on July 28 as criticism of its data collection practices continues to mount. The new report s were conducted by security consulting firms Nethermind and Least Authority.  According to an accompanying announcement from Worldcoin, Nethermind found 26 security issues with the protocol, of which 24 were “identified as fixed” during the verification phase while one was mitigated and another was acknowledged. Least Authority discovered three issues and made six suggestions, all of which “have been resolved or have planned resolutions,” the announcement stated. Learn more about the results of two separate security audits of the Worldcoin protocol, performed by @NethermindEth & @LeastAuthority.https://t.co/fXa50wNBYE — Worldcoin (@worldcoin) July 28, 2023 Worldcoin first rose to prominence in 2021 when it

Mitsubishi UFJ Financial Group Inc., a prominent Japanese banking corporation, is currently in negotiations with several businesses about issuing stablecoins, a form of digital asset, through its blockchain platform Progmat. Japan’s banking giant, Mitsubishi UFJ Financial Group Inc. (MUFG), is believed to be in discussions with several companies, including those linked to major international stablecoins, about the prospective deployment of these digital assets via its blockchain platform, Progmat. The new Japanese legislation on stablecoin s, one of the first among the world’s leading economies, mandates that only the country’s licensed banks, registered money transferring services, and trust companies can issue these tokens. Tatsuya Saito, MUFG’s VP of Product, has shared in an interview that the bank is pondering over the use of Progmat to generate stablecoin s tied to foreign currencies like the U.S. dollar for global usage. He states that the latest law should instill confi