The proof of humanness protocol released security audit reports claiming that most issues were fixed or mitigated.
Pond0X token launch snafu leads to millions of dollars in losses
Investors reported they lost up to $2.2 million when the developer of Pond0x allegedly mishandled the token’s launch.
New Optimism wallet lets users receive crypto via Twitter login
Beam wallet uses Web3Auth and account abstraction to allow for seedless accounts, stablecoin gas payments and other user experience features.
Optimism transaction volumes surpass Abitrum’s for the first time in six months
Optimism lost the top spot to Arbitrum in January, after the end of its season one “quest,” but has regained it after Worldcoin launched on July 25.
NFT-optimized Palm Network to become a Polygon ZK Supernet
The Ethereum sidechain will transition to a proof-of-stake network this August and become a full-fledged layer 2 based on Polygon’s zero-knowledge protocol in 2024.
Alphapo payment provider hack now estimated at over $60M — ZachXBT
The on-chain sleuth ZachXBT claims to have found an additional $37 million in losses suffered from the unconfirmed attack.
Era Lend on zkSync exploited for $3.4M in reentrancy attack
The lending app was drained of funds using a “read-only reentrancy” bug, a type of vulnerability that is often difficult for auditors to spot.
Connext, Alchemix launch cross-chain token standard to reduce bridge exploit losses
The two protocols will implement a standard for issuers to control the “canonical” minting of tokens, helping to reduce losses from unofficial bridges.
Crypto lender Geist Finance shuts down permanently over Multichain hack
The $29 million TVL lending platform is shutting down because its oracles are misreporting Multichain token values after the exploit.
Coinbase’s Base launches mainnet for builders, will onboard users in August
Base’s layer-2 mainnet has launched, allowing builders to deploy contracts, while users will be welcomed to the network in August.
Google Play Store officially allows NFT games, but not gambling ones
The store’s team said games can offer NFTs for sale or to earn, but developers must declare this feature in their game’s descriptions and must not allow gambling.
Cosmos-based Osmosis launches concentrated liquidity, lets LPs choose price
The new feature offers higher fees to LPs who provide liquidity within tighter price ranges but also causes them to not earn fees if the price goes outside of the range.
Coinbase Wallet launches instant messaging feature with XMTP
The new feature offers end-to-end encrypted private messaging for anyone with a cb.id username, .eth domain, or Lens ID.
Multichain Executor has been ‘draining’ AnySwap tokens: Report
The contract has used an “anySwapFeeTo” function to transfer hundreds of thousands of dollars worth of tokens to itself, which on-chain sleuth Spreek suspected may have been malicious.
Arcadia Finance hacker used reentrancy exploit, team demands return of funds
In a post-mortem report, Arcadia Finance developers said an attacker stole funds by liquidating a vault before it could perform a health check, interrupting the app’s normal flow of operations.
Connext founder proposes ‘Sovereign Bridged Token’ standard after Multichain incident
EIP-7281 will allow token issuers to list official bridges and limit the rate at which they can mint tokens, potentially limiting losses from bridge hacks.
Open-source advocates launch OP Stack testnet to fund public goods
The Public Goods Network from Gitcoin promises to redirect most net sequencer fees into public goods, instead of giving them to token holders or developers.
Polygon spinoff launches testnet bridge to allow for low-cost layer 2s
Avail launched a bridge to transmit data availability attestations to Ethereum, potentially allowing for lower fees on some layer 2s.
Multichain MPC bridge sees $100M+ outflows, sparking fears of exploit
Some Multichain contracts on Ethereum suffered withdrawals of more than half of their deposits, causing on-chain sleuths to fear an exploit is underway.
dYdX exchange launches testnet for ‘fully decentralized’ version 4
The crypto exchange launched a testnet featuring an on-chain order book and matching engine, doing away with the centralized components found on the mainnet version.