Etiqueta: <span>Financial</span>

KyberSwap Attacker Drains Funds Using «Infinite Money Glitch»

A sophisticated hack has drained millions of dollars from the decentralized finance (DeFi) platform KyberSwap. The attacker exploited a smart contract bug that allowed them to generate an infinite amount of cryptocurrency.The attack was first reported on social media by Ambient exchange founder Doug Colkitt, who labeled the exploit an «infinite money glitch.» The glitch […]
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Abu Dhabi focuses its efforts on becoming the encryption hub of the Middle East

Abu Dhabi, the capital of the United Arab Emirates, is focusing its efforts to attract cryptocurrency-focused businesses as itseeks to become the leading cryptocurrency hub in the Middle East. In an interview with Blockworks, the Chairman of Abu Dhabi’s Economic Development Department, Shorafa Al Hammadi, said that the Abu Dhabi government had set a deadline […]
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