Top crypto tweets of the day – August 28th

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• Arbitrum liquidity protocol Jimbos suffers $7.5 million ETH hack

  TL;DR Breakdown Jimbos, an Arbitrum liquidity protocol, was recently hacked, resulting in the theft of 4090 Ethereum (ETH), worth approximately $7.5 million. The breach was facilitated by a flaw in controlling slippage during liquidity-shifting operations. The security breach caused a sharp decline in the value of the platform’s token, JIMBO, which dropped by over 40% within six hours. In a shocking development, Jimbos, an Arbitrum liquidity protocol, was recently breached by an unidentified hacker. The cybercriminal made off with 4090 Ethereum (ETH), which equates to roughly $7.5 million at current rates. The recent breach of the Arbitrum liquidity protocol, Jimbos, contributes to an alarming trend in the cryptocurrency ecosystem: the increasing number of decentralized finance (DeFi) protocol hacks. Cybercriminals continue to target these systems, undermining the safety and security of digital currencies. These ongoing breaches are raising serious concerns among stakeholders about the robustness of the security measures in place. The world of DeFi is under substantial threat, and more rigorous security solutions are urgently needed. The recent breach of the Jimbos protocol can be attributed to a shortfall in…

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• Bitcoin hash rate hits an all-time high of 465 EH/s over the weekend

  TL;DR Breakdown Bitcoin hash rate hit an all-time high of 465 EH/s over the weekend Miners could suffer after the next halving BTC price has been quite stable over the weekend, above $30,000 Description Bitcoin’s hash rate climbed to an all-time high over the weekend, spiking to 465 EH/s on Saturday from 406 EH/s. Even though the value decreased by 6% to 428 EH/s on Sunday, the hash rate is still at its highest. Meanwhile, there was also a 3-day average rise of more than 18% to 444 EH/s. … Read more Bitcoin’s hash rate climbed to an all-time high over the weekend, spiking to 465 EH/s on Saturday from 406 EH/s. Even though the value decreased by 6% to 428 EH/s on Sunday, the hash rate is still at its highest. Meanwhile, there was also a 3-day average rise of more than 18% to 444 EH/s. Bitcoin hash rate increases BitInfoCharts notes that the bitcoin hash rate hit a record high on July 8 at 465 EH/s. Notably, a more secure network correlates with a higher hash rate, which…

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• ECB survey shows consumer inflation expectations for coming 12 months fell to 3.4%

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• TON network announces its new encrypted messaging feature

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