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WOOFi issues a post-mortem report of a hacking incident that led to the theft of millions of dollars.

The decentralized finance platform WOOFi revealed an attack on its swap service on the Arbitrum network. This exploit led to a loss of approximately $8.75 million in cryptocurrencies.

The WOOFi development team has acknowledged an exploit of its swap contract on Arbitrum while assuring users that all other WOO contracts remain safe.

Decentralized finance platform WOOFi has experienced a $8.75 million exploit targeting its swap service on the Arbitrum network. The incident unfolded on Tuesday at 10:49 am ET when an unidentified attacker skillfully manipulated WOOFi's Synthetic Proactive Market Making (sPMM) algorithm using flash loans.

In response to the incident, WOOFi offered the attacker a 10% white hat bounty for the return of the stolen funds.

In the aftermath of a recent flash loan exploit, WOOFi encountered a surge in malicious activities.

In the Layer 2 realm, Arbitrum and Optimism face corrections.

Whether you're considering a similar move or simply diversifying your portfolio, these alternative cryptocurrencies have the potential to yield significant gains in the coming weeks. Bitcoin Surpasses $64,000: Driving the Crypto Market Surge Recently, the cryptocurrency market witnessed a remarkable upswing, surpassing the significant milestone of $2.5 trillion in total valuation.

In addition to Arbitrum, other networks like Sui, Aptos, and Optimism are set to unlock millions of tokens in the market this month.

On March 16, 2024, over $2 billion worth of ARB tokens are set to be unlocked, marking a pivotal moment in the evolution of decentralized finance (DeFi) and the broader cryptocurrency landscape.

In a recent announcement, Robinhood Wallet highlighted the benefits of accessing Arbitrum's advanced scaling solutions, which promise lower transaction costs and faster speeds for transactions on one of the crypto ecosystem's most favored networks.

The cryptocurrency landscape is bracing itself for a monumental event this March, as over $3 billion worth of tokens are poised to unlock into circulation. At the forefront of this wave stands Arbitrum, with its impending release expected to have a transformative impact by doubling its circulating supply.

Arbitrum is on its way to implementing the Dencun upgrade as its TVL rises to the highest level in its history.

Arbitrum, Ethereum's Layer 2 scaling protocol, is poised to release over $2 billion worth of ARB tokens on March 16, 2024, marking one of the most substantial token unlocks this month, according to data from Token Unlocks. Arbitrum's token release encompasses more than 1.1 billion ARB tokens, equivalent to approximately 87% of the circulating supply.

Arbitrum is expected to unlock over $2 billion worth of ARB tokens to reward investors, advisors, and its team in the next two weeks.

Robinhood partners with Arbitrum to provide users with efficient and cost-effective ways to engage with cross-chain assets & DeFi protocols.

The trading app Robinhood has partnered with Ethereum scaling solution Arbitrum to offer token swaps in its self-custody wallet.

Robinhood Wallet partners with Arbitrum to offer users seamless swaps on Layer 2, enhancing DeFi accessibility and experience.

Robinhood, a popular trading platform, has recently collaborated with Arbitrum, a Layer 2 scaling solution for Ethereum, to enhance its Web3 Wallet functionality. This partnership aims to optimize swaps on the Web3 Wallet by leveraging Arbitrum's technology.

The partnership will introduce features through the Robinhood Wallet to ease new user entry into Web3. Arbitrum enhances Ethereum's scalability, speed, and cost-efficiency, tackling key blockchain challenges.

Robinhood Wallet has announced the integration of the crypto Arbitrum $ARB.

TL;DR Robinhood Wallet and Arbitrum have announced a partnership that will provide Robinhood Wallet users with access to swaps on the Arbitrum network, a Layer-2 blockchain atop Ethereum.

A total of 32 crypto projects are scheduled to unlock more than $3 billion worth of tokens into circulation this March, according to Token Unlocks data. Arbitrum dominates, doubles supply Arbitrum leads this month's token unlocks, marking a significant milestone since its initial airdrop.

According to Token Unlocks, a platform closely monitoring token releases recently revealed significant unlocks in March involving prominent tokens like SUI, APT, ARB, APE, etc. However, The total unlock value exceeds $2.919 billion, indicating a crucial period for token liquidity and market dynamics.