An investigation led by CoinDesk has revealed that two brothers — Ian Macalinao and Dylan Macalinao — used pseudonymous developer profiles to inflate the TVL on Solana by $7.5 billion. The post DeFi Sybil attack created $7.5B fake TVL on Solana from ‘anon’ developers appeared first on CryptoSlate.

As initially reported by CryptoSlate early hours of Wednesday morning, a significant exploit has caused thousands of crypto wallets to be drained of funds. The post Solana exploit related to imported Slope Finance wallets, private keys revealed appeared first on CryptoSlate.

The global sentiment of the macro-economic landscape is muted following the news of a technical recession and a 75bp rate hike by the United States Federal Reserve. The post Research: Could Bitcoin be positioned to thrive amid global bearish signals for the US economy? appeared first on CryptoSlate.

Nansen, one of the industry’s leading blockchain data and analytics platforms, released a report Tuesday detailing the flow of Ethereum raised through NFT mints in 2022. The post Over $1B reinvested into ecosystem from NFT mints in 2022 according to Nansen report appeared first on CryptoSlate.

The Cosmos-based Osmosis chain is ready to release upgrade v11.0.0 at block height 5432450 to combat “spam/scam events.” The block height is expected to be reached around 4 PM UTC on August 3 and will result in users being unable to interact with the chain for a “short period of time.” According to an announcement The post Osmosis “Scambuster Upgrade” ready to go live to combat surge in spam events appeared first on CryptoSlate.