Tag Archives: BZX

DeFi Project bZx Exploited for Second Time in a Week, Loses $630K in Ether

The attack – the second in less than a week – began at just after 03:00 UTC Tuesday, when attackers apparently took out a flash loan of 7,500 ETH (approximately US$1.98 million), using 3,518 ETH (~$939,300) to purchase synthetic USD stablecoin sUSD from the issuer, which they then posted as collateral for a bZx loan, according to an analyst on Twitter. Continue reading DeFi Project bZx Exploited for Second Time in a Week, Loses $630K in Ether

Digital Currency Regulations Should Be Among Congress’s Top Priorities

Bill Huizenga, a member of the House Financial Services Committee, recently stated that lawmakers should become more proactive in regulating the “muddied and fairly opaque” digital currency market, especially digital tokens trading and initial coin offerings (ICOs). Continue reading Digital Currency Regulations Should Be Among Congress’s Top Priorities