Best Twitter threads of the day – August 3rd

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  TL;DR Breakdown Balancer’s front end was targeted in an attack, leading to user wallets being drained via a malicious contract. This is the second major security incident in a month for Defi protocol, with an earlier vulnerability leading to a $2 million exploit. Description In a distressing development for the cryptocurrency community, the Ethereum-based decentralized finance (DeFi) protocol, Balancer, recently faced a serious security breach. This comes just weeks after Balancer warned its users of a critical vulnerability. The platform has now again urged its users to refrain from interacting with its interface due to this new attack. Contents … Read more In a distressing development for the cryptocurrency community, the Ethereum-based decentralized finance (DeFi) protocol, Balancer, recently faced a serious security breach. This comes just weeks after Balancer warned its users of a critical vulnerability. The platform has now again urged its users to refrain from interacting with its interface due to this new attack. Contents hide 1 Sophisticated attack targeting user wallets 2 Analysts estimate a hefty loss 3 A troubling month for balancer 4 Conclusion Sophisticated attack…

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• UBS assessing results delay post-Credit Suisse takeover

  TL;DR Breakdown Swiss banking giant UBS is considering delaying its quarterly results until late August due to complexities from its acquisition of Credit Suisse. The results publication, along with an update on Credit Suisse’s domestic operations, might be deferred. The potential delay, hinted at in a notice on UBS’s website, reflects the magnitude and complexity of the merger. Swiss banking colossus, UBS, is reportedly mulling over the prospect of postponing its quarterly results until late August, as it grapples with the complexities arising from its acquisition of Credit Suisse. This information comes in light of a recent Financial Times report. The UBS leadership is said to be deliberating over deferring the results’ publication as well as providing an update on the future of Credit Suisse’s domestic operations. While these changes might be consequential for stakeholders, it’s crucial to remember that the bank’s planned April-June results are officially due on July 25. UBS: A possibility of change In a notice posted on the UBS website, the bank subtly hinted at the potential delay. The notice expressed that the intended date for…

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• LUNC Developer Claims Sabotage by Single Actor – Terra Classic’s Ambitious Restoration Plans

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• Bitget surges in Latam amid Binance and Coinbase legal turmoil

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• BRICS’ India makes strong moves to ditch dollar

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