DeFi News Official TheBitTimes.com

Blockchain security firm PeckShield says the funds are sent to Binance through a cross-chain bridge. Developers behind Cubiswap Finance appeared to have withdrawn around 2,000 BNB (around $425,000) from the protocol, causing its native token CUBI to lose over 60% in value. According to a blockchain security firm PeckShield, the Cubiswap protocol deployer (0x4b87…ffb5) first moved the funds a month ago, sending them to an unknown address (0x0477…8c4f). A few days ago, these funds were bridged from opBNB to BNB Chain (formerly Binance Smart Chain) and deposited into Binance. #PeckShieldAlert #slippage $CUBI @CUBISWAP on #opBNB has dropped by -65%. The address 0x0477…8c4f received ~2K $BNB from the @CUBISWAP deployer 0x4b87…ffb5 a month ago and the address bridged 1,000 $BNB to #BNBChain ~17 days ago and then deposited them into #Binance. The… pic.twitter.com/C2Yab61huE — PeckShieldAlert (@PeckShieldAlert) October 16, 2023 You might also like: opBNB la...

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 ...