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Rodeo Finance, a DeFi protocol running on the Arbitrum blockchain, experienced its second large exploit on July 11, leading to a loss of 472 ETH, or about $888,000 million. A coding flaw in Rodeo's Oracle made it possible for the hack to be carried out.
Rodeo Finance, an Arbitrum-based decentralized finance (DeFi) protocol, suffered a significant blow, losing $1.53 million in Ethereum due to a code vulnerability exploitation in its Oracle. This is the second exploit that the DeFi platform has endured in a span of a week, underscoring the escalating security issues facing such protocols.
Rodeo Finance, an Arbitrum-based DeFi protocol, has suffered another significant exploit losing $1.53 million due to a code vulnerability in its Oracle.
Decentralized Finance (DeFi) platform Rodeo Finance, operating on the Arbitrum network, has fallen prey to a flash phishing attack, resulting in a loss of approximately $1.5 million or 810 Ethereum (ETH). The security firm PeckShield quickly detected the audacious $1.5 million heist.
The exploiter manipulated price oracles to gain the upper hand on trades they executed using the manipulated price.
The index created by HedgewithCrypto has analyzed current market trends, predicting crypto assets that are close to dying, meaning they are close to being worth zero dollars.
Cega Finance has expanded its Solana and Ethereum-based DeFi structured investments product to the Layer 2 network Arbitrum.
Sequencers creating and submitting compressed summaries of transactions on Optimism and Arbitrum to the Ethereum mainnet have seen their revenue grow in the last year due to increased L2 adoption.
In the fast-paced world of cryptocurrencies, where innovation and advancements are the norm, one project has emerged as a true game-changer, bringing enhanced scalability and transparent governance to the forefront. Meet Arbitrum (ARB), a layer-2 scaling solution built on the Ethereum network that has been garnering the attention and admiration of crypto enthusiasts across the globe.
Layer 2 network Arbitrum deals with falling daily transactions, while the count of total addresses embarks on an uptrend.
In a groundbreaking development, Arbitrum's decentralized autonomous organization (DAO) has taken a significant step towards accountability and transparent governance by locking up 700 million ARB tokens, valued at a staggering $770 million. This move marks a major milestone for the DAO and showcases its commitment to responsible resource management and community trust.
Arbitrum DAO recently took a step toward addressing an obstacle. The DAO has committed to locking 700 million ARB tokens, valued at an estimated $770 million, into a vesting contract to foster transparent governance and accountability, per a community proposal.
This vesting contract, designed to incrementally release the funds to the Arbitrum Foundation over a four-year period, is viewed as a major stride toward accountability and transparent governance.
Arbitrum Price Prediction: ARB is hanging by a thread as the price is retesting the daily support. It needs to hold $1.10 level.
We aim to provide potential trajectories for Arbitrum prices for 2023, 2024, and 2025. Let's delve into this Arbitrum price prediction.
A widely followed crypto strategist thinks that Ethereum (ETH) competitor Fantom (FTM) is primed for a significant move to the upside. Analyst Michaël van de Poppe tells his 659,600 Twitter followers that Fantom looks bullish as long as it is trading above $0.30.
In a recent interview with Forbes, Steven Goldfeder, CEO and Co-Founder of Offchain Labs, discussed the growing trend of Ethereum Layer 2 solutions like Arbitrum and their role in boosting the scalability of the Ethereum blockchain, thereby complementing rather than competing with it.
Here's how zkSync managed to threaten Arbitrum as the protocol continues to show growth.
While transactions on Arbitrum trended sideways for much of June, Optimism's trading activity registered a sharp spike.
Arbitrum's dApps bring in massive amounts of fees as activity on these protocols rises. Whales begin to show interest in ARB as well.
In the midst of Bitcoin (BTC) trading around the $30,000 mark, several altcoins are seizing the moment and enjoying mini breakouts, according to blockchain analytics platform Santiment. Alternative Altcoin on the Rise In a recent tweet, Santiment links these cryptocurrency rallies to two main elements.
Blockchain analytics platform Santiment says a handful of altcoins are experiencing mini-breakouts as Bitcoin (BTC) trades near $30,000.
Arbitrum (ARB)'s gains have been tempered by various challenges, hindering its further upswing. The declining inflows of stablecoins on the Arbitrum network have raised concerns among investors and enthusiasts alike, as it signals potential obstacles for the growth and development of the decentralized finance (DeFi) sector.
Arbitrum's growth could be impacted by declining stablecoin inflows, potentially affecting liquidity, trading volumes and user activity.
