In the Solana ecosystem, there exists a trading bot that supports all the SPL tokens and can be used on one of the social...

One advantage of decentralized exchanges over centralized exchanges is that they are more secure and less exposed to potential fraud and hacking accidents.  A Solana-based...

BONK is a Solana-based dog meme coin with over 110  DeFi, gaming, developer, and exchange integrations, transforming from a quirky airdrop to select Solana...

In July 2023, a marginfi intern mentioned the firm’s plans to implement a points system, hinting at an upcoming airdrop. Before looking at the...

Ethereum’s reliance on centralized infrastructure is under scrutiny after some U.S. users of Amazon Web Services, the world’s largest cloud hosting provider, suffered a...

Glow is a cryptocurrency wallet built by Luma Labs, Inc. and released on mainnet in 2020. It is designed for compatibility with the Solana...

DeGods, the most valuable NFT project on Solana, has a history of announcing unexpected twists—from upgrading its artwork to buying majority control of a...

Coinbase, the largest crypto exchange in the US, has rolled out support for the Solana ecosystem, bringing a whole host of new tokens and features to the Coinbase wallet. “Over the past year, there has been an explosion of interest in web3 and decentralized applications, including NFTs and decentralized finance (DeFi),” the exchange said in […]

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Coinbase Wallet browser extension now offers support for sending, receiving, and storing Solana and SPL tokensBy Adam Zadikoff, Senior Product ManagerMaking web3 more user-friendly means...

This DeFi bailout, by a traditional high-frequency trading firm that's turned to crypto, also was a Solana story.

Jump Trading group literally jumped in to get Wormhole back on track and restore the missing funds from the recent hack worth $320 million in wrapped Ethereum as we reported in our Ethereum news. A wormhole is a popular cross-chain crypto bridge between Ethereum, Avalanche, Solana, and others and it got hacked a day ago […]

Wormhole, a popular cross-chain bridge between Solana and other DeFi-based blockchain networks has been hacked for about 120,000 wETH (wrapped Ether) worth $320 million, making it the second-largest DeFi hack to date. On Wednesday, the team behind the project officially confirmed that the bridge is currently down while the team investigates a potential exploit. In a follow-up tweet, Wormhole confirmed that the vulnerability was patched and were working to get the network up and running again. The vulnerability has been patched. We are working to get the network back up as soon as possible. — Wormhole🌪 (@wormholecrypto) February 3, 2022 The attack approximately took place at 6:24pm UTC on Feb. 2 where the hacker minted 120,000 wETH (WETH) on Solana, then redeemed 93,750 WETH for ETH worth $254 million onto the Ethereum network at 6:28 pm UTC. Since then, the hacker has used some funds to buy SportX (SX), Meta Capital (MCAP), Finally Usable Crypto Karma (FUCK), and Bored Ape Yacht Club Token (APE). The remaining WETH was swapped for SOL and USDC on Solana. Currently, the attacker’s Solana wallet holds 432,662 SOL worth $44 million. Wormhole Offers $10M Bug Bounty to Hackers Wormhole is a DeFi protocol that allows users to bridge assets across Terra, Solana, Ethereum, Binance Smart Chain, Avalanche and Polygon without the use of a centralized exchange (CEX). When a user transfers assets from one blockchain to another, the DeFi platform locks the transaction and mints a wrapped version of the token to its final chain. About an hour after the exploit, Wormhole offered the hacker a $10 million bug bounty in an on-chain message in return for the funds: “We noticed you were able to exploit the Solana VAA verification and mint tokens. We’d like to offer you a whitehat agreement, and present you a bug bounty of $10 million for exploit details, and returning the wETH you’ve minted.” This is the second smart contract exploit after hackers made off with $80 million from decentralized finance protocol Qubit Finance last week.

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