• Upstream's new vault could help NFT holders sleep at night

    14 days ago - By TechCrunch

    Imagine paying millions of dollars for a JPEG of a monkey just to have it stolen from your digital wallet. That's exactly what happened to actor Seth Green, who ended up pleading with the hacker to return the NFT back to him.
    Green's predicament is more common than one would think, and it raises the question of how NFT platforms should handle helping its customers get recourse when this happens, if at all. Cracking down on thieves and enforcing ownership rights is particularly difficult in an industry that values decentralization and self-sovereignty as core tenets. Still, NFT holders need...
    Read more ...

     

  • Solana 'hot' wallets are being drained in multi-million dollar attack

    Solana 'hot' wallets are being drained in multi-million dollar attack

    15 days ago - By Engadget

    An unknown actor has drained over 8,000 internet-connected wallets in an ongoing attack on the Solana blockchain ecosystem. According to Blockchain auditor OtterSec , the attacks were still ongoing when it posted an update in the evening of August 2nd and that they had affected multiple wallets, including Phantom, Slope, Solflare and TrustWallet, across a wide variety of platforms. As TechCrunch notes, the bad actor seems to have stolen both Solana tokens and USDC stablecoins, with the estimated losses so far amounting to around $8 million. OtterSec is now encouraging users to move all...
    Read more ...