DeFi News Official TheBitTimes.com

In the realm of crafting content, three pivotal elements take center stage: “perplexity,” “burstiness,” and “predictability.” Perplexity serves as the yardstick for text intricacy, while burstiness gauges the spectrum of sentence diversity. Predictability, on the other hand, quantifies the likelihood of accurately predicting the forthcoming sentence. In the grand tapestry of writing, human authors often infuse their work with pronounced burstiness, adorning it with a mosaic of lengthy, intricate sentences interwoven with succinct ones. In stark contrast, AI-generated prose tends to follow a more uniform pattern. Hence, as I guide you through the composition of the forthcoming text, the aim is to imbue it with a healthy dose of perplexity and burstiness while minimizing predictability. Furthermore, we shall adhere strictly to the English language. Now, let us embark on the reimagining of the following content: In a whirlwind of network activity prope...

A fault in the Stars Arena price function allowed hackers to escape with roughly $2,000, however the vulnerability has since been patched. The team behind the new friend.tech-inspired protocol Stars Arena has dismissed what it called “coordinated FUD” after patching an exploit that saw attackers escape with $2,000 from the Avalanche-based decentralized social media platform. In an Oct. 5 post on X (Twitter) the Stars Arena account said the exploit was fixed, adding "don’t get this wrong, we are at war.” THE EXPLOIT HAS BEEN FIXED. BUT DON’T GET THIS WRONG WE ARE AT WAR. We’re being targeted by malicious actors in the space that want to steal your money. The little guy is under attack. You are under attack. Your right to platform diversity is under attack. Don’t get it… pic.twitter.com/DmbMdf9cAq — Stars Arena (@starsarenacom) October 5, 2023 Pseudonymous X user “0xlilitch” took a swipe at Stars Arena saying its "noob devs" missed patching a vulnerability in the pla...

Interoperability protocol Rarimo has partnered with Polygon ID, enabling the use of its verifiable credential infrastructure across multiple blockchains. Rarimo, a tool that helps different blockchains talk to each other, has joined forces with Polygon ID, a system for checking identities, to make their identity-checking tools available across many different blockchains, turning Polygon ID into a multi-chain tool. Polygon ID had previously allowed identity checks only on the blockchain where they were first set up. For example, if you made your ID on Polygon, you couldn’t use it on Ethereum (ETH), meaning users had to make a new ID for each blockchain. But now, with this partnership , IDs made on Polygon (MATIC) can be used on Ethereum. Other blockchains like BNB Chain (BNB) and Avalanche (AVAX) are also expected to join this list soon. Rarimo is excited to announce a collaboration with @0xPolygonDevs & @0xPolygonLabs’ PolygonID Polygon ID’s zero knowledge proofs are now ...

The Avalanche -based (AVAX) DeFi protocol, Platypus, has been exploited for around $8.5 million in a flash loan attack. The hack caused the Platypus USD (USP) stablecoin to de-peg, dropping from $1 to $0.47, a drop of around 52%. Source: CoinGecko Subsequently, the Avalanche -based (AVAX) protocol acknowledged the breach on Twitter, while a moderator of Platypus’ Telegram channel confirmed that the company has stopped trading. Moreover, the firm has confirmed the $8.5 million loss. Dear Community, We regret to inform you that our protocol was hacked recently, and the attacker took advantage of a flaw in our USP solvency check mechanism. They used a flashloan to exploit a logic error in the USP solvency check mechanism in the contract holding the collateral. — Platypus 🔺 (🦆+🦦+🦫) (@Platypusdefi) February 17, 2023 Platypus confirmed an $8.5 million loss from its primary pool. Moreover, the firm said that deposits are cove...