Plundering
Report: Half of all DeFi exploits are cross-bridge hacks
According to a new report by crypto data aggregator Token Terminal, approximately 50% of exploits in decentralized finance, or DeFi, occur on cross-chain bridges. In two years’ time, more than $2.5 billion have been stolen by hackers from exploiting vulnerabilities on cross-chain bridges. The amount is enormous comparison to other security breaches, such as DeFi lending hacks ($718 million) and decentralized exchange exploits ($362 million) in that period. Bridge exploits account for ~50% of all DeFi exploits, totaling ~$2.5B in lost assets These hacks can typically be attributed to smart contract loopholes (e.g. Wormhole & Nomad) or compromised private keys (e.g. Ronin & Harmony). What will it take to create secure bridges? pic.twitter.com/LrVf0W0zeK — Token Terminal (...
Kassim Afegbua: No need for reconciliation with Governor Obaseki
Prince Kassim Afegbua, a chieftain of the Peoples Democratic Party (PDP) and former Commissioner for Information in the state, has said he has no need to reconcile with Governor Godwin Obaseki on his purported suspension from the party. Speaking in an interview, Afegbua also said he remained a member of the PDP despite his public endorsement of Pastor Osagie Ize-Iyamu, candidate of the All Progressives Congress (APC) in the last governorship election in Edo state. He said: “There is nothing to reconcile with the state Governor. I am older than him at the party. He only came because he needed a platform to contest the election. After his second term inauguration, can you name the PDP members in his administration, five months after? “Yes, I was purportedly suspended for one month by my ward...
