Avalanche (AVAX) chain’s Zabu Finance sees a $3.2 million exploit | CryptoSlate

Zabu Finance, a decentralized finance (DeFi) protocol on Avalanche (AVAX)  has recently been exploited for roughly $3.2 million worth of crypto tokens. 
The exploited protocol confirmed the attack on Twitter, clarifying that the funds were stolen from its SPORE pool.

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3 in 10 Americans share their crypto wallet password with others

Being one’s own bank comes with its own baggage and troubles, despite what most hardcore crypto proponents suggest one to do on social media. But asset security is no joke, even if you think your passwords are strong.
A case in point is a recent survey held by Beyond Identity.

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4,307% ROI, guaranteed!!! (and other crypto scams to avoid) | CryptoSlate

The following is a guest post from Josef Moser, co-founder of Cryptoradar.
Crypto scams are getting more sophisticated. As more retail investors get on board the crypto train, it’s not surprising that malicious actors are trying to take advantage of new traders and unsecured crypto accounts.

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EOS under fire over claims its ICO was a shady “pump scheme”

During a year-long initial coin offering (ICO) that ended in 2018, EOS raised a record $4.2 billion, making it the biggest ICO in history. Combined with its Delegated Proof-of-Stake (DPoS) consensus mechanism, which has throughput thousands of times greater than Ethereum’s, expectations were high.

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Finance Redefined: Swindling the lender and a $100M pot, Aug. 30–Sept. 3

Welcome to the latest iteration of Cointelegraph’s DeFi newsletter.
Just as quickly as the summer departed from our calendars, millions of funds were hacked from the wallets of Cream Finance.
This has been another jam-packed week in the decentralized finance, or DeFi, space.

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Bilaxy exchange suspends website after ERC-20 hot wallet hack

Bilaxy, a lesser-known cryptocurrency exchange, has confirmed a major hacking incident, reporting losses of funds due to an exploit of the platform’s ERC-20 hot wallet.
Bilaxy announced on its Telegram channel that the crypto exchange suffered a “serious hack” on Aug. 28 between 6 p.m. and 7 p.m.

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