Top crypto tweets of the day – August 28th

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• Crypto rug pulls soar exceeding DeFi hacks: Reports

  TL;DR Breakdown A recent Beosin report has revealed that losses resulting from rug pulls and exit scams in the crypto market surpassed those from decentralized finance (DeFi) hacks in May. The most significant rug pull occurred when the Fintoch allegedly made off with $32 million on May 24. To combat these risks, Beosin recommends that crypto users enhance their anti-fraud awareness, conduct thorough due diligence before investing, and learn how to better secure their assets. A recent report from blockchain security firm Beosin has revealed that losses resulting from rug pulls and exit scams in the cryptocurrency market surpassed those from decentralized finance (DeFi) hacks in May. Six incidents of rug pull and scams amounted to over $45 million in total losses, while 10 attacks on DeFi protocols only netted $19.7 million. This decline in DeFi losses, nearly 80% lower than in April, had been observed for two consecutive months. The most significant rug pull occurred when the crypto project Fintoch allegedly made off with $32 million on May 24. The largest attack on DeFi platform last month was a…

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• North Korean APT group Konni targets the cryptocurrency industry using WinRAR vulnerability

  TL;DR Breakdown North Korean APT group Konni exploited a newly disclosed WinRAR vulnerability (CVE-2023-38831) to launch its first-ever attack on the cryptocurrency industry, marking a significant shift in its target sectors. The sophisticated malware used by Konni could adapt its tactics based on the system’s architecture, employing different User Account Control (UAC) bypass techniques to execute its payload. Konni’s entry into targeting the cryptocurrency sector indicates a broader strategy by North Korean hackers, raising concerns about the industry’s preparedness against advanced and evolving cybersecurity threats. Description North Korean APT (Advanced Persistent Threat) group Konni exploits a recently disclosed WinRAR vulnerability to launch its first attack on the cryptocurrency sector. A new vector of attack North Korean APT group Konni has made headlines by exploiting a recently disclosed WinRAR vulnerability (CVE-2023-38831) to target the cryptocurrency industry, according to a Chinese security firm … Read more North Korean APT (Advanced Persistent Threat) group Konni exploits a recently disclosed WinRAR vulnerability to launch its first attack on the cryptocurrency sector. A new vector of attack North Korean APT group Konni has made headlines…

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• Top Equity Accelerators in 2023

  TL;DR Breakdown Equity accelerators are programs that provide early-stage startups with capital funding and other resources in exchange for equity in the company. Equity accelerators work on both traditional;-centralized finance and Decentralized finance depending on the market returns. Equity accelerators, also known as equity-based accelerators or equity-based incubators, are programs or initiatives that provide early-stage startups with capital funding and other resources in exchange for equity in the company. These programs aim to help startups grow and scale by providing them with the necessary financial support, mentorship, and access to a network of investors and industry experts. Contents hide 1 Equity accelerators explained; What are they? 2 Top 5 accelerators to watch out for in 2023 2.1 1. Y Combinator 2.2 2. Techstars 2.3 3. 500 Startups 2.4 4. AngelPad 2.5 5. Plug and Play Equity accelerators explained; What are they? Equity accelerators typically operate on a fixed-term basis, ranging from a few months to a year, during which the participating startups receive intensive support and guidance. In addition to financial investment, these programs often offer a range of services…

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• Solana Broadens Accessibility for Ethereum’s Solidity Developers with Solang

  TL;DR Breakdown Solana takes a leap forward in its growth trajectory, announcing the launch of Solang, a new compiler that supports Ethereum’s Solidity language, expanding the range of developers who can build on the Solana ecosystem. With features like compatibility with Ethereum Solidity 0.8, support for Solana SPL tokens and native smart contracts, and enabling development with Anchor. Description In an innovative stride towards broader accessibility, Solana, a renowned platform known for using Rust or C for smart contract development, is now welcoming Ethereum‘s Solidity developers to its ecosystem. Today, Solana Labs jubilantly announced the launch of Solang, a transformative compiler designed to bridge the gap between Ethereum Virtual Machine (EVM) developers and the … Read more In an innovative stride towards broader accessibility, Solana, a renowned platform known for using Rust or C for smart contract development, is now welcoming Ethereum‘s Solidity developers to its ecosystem. Today, Solana Labs jubilantly announced the launch of Solang, a transformative compiler designed to bridge the gap between Ethereum Virtual Machine (EVM) developers and the growing Solana environment. For years, Solana has consistently…

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• OpenSea introduces new P2P mechanism to revolutionize NFT trading

  TL;DR Breakdown OpenSea, a leading NFT marketplace, introduces “Deals,” a new feature enabling direct peer-to-peer NFT swaps. Traders can trade NFTs and wrapped ether (WETH), enhancing their collections and avoiding risky transactions through third-party platforms. Deals are powered by OpenSea’s advanced NFT trading platform, Seaport, and are introduced amid competition with Blur’s zero-fee marketplace. Description OpenSea, the prominent Non-Fungible Token (NFT) marketplace, has introduced a novel peer-to-peer trading mechanism named “Deals”. Announced yesterday, the feature is intended to enrich user trading experience by adding a new layer of transactional freedom to the platform. It important to note that Deals empowers traders to engage in peer-to-peer NFT swaps, strengthening their collections … Read more OpenSea, the prominent Non-Fungible Token (NFT) marketplace, has introduced a novel peer-to-peer trading mechanism named “Deals”. Announced yesterday, the feature is intended to enrich user trading experience by adding a new layer of transactional freedom to the platform. It important to note that Deals empowers traders to engage in peer-to-peer NFT swaps, strengthening their collections and establishing direct connections with fellow collectors. With the aim of fostering…

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