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Bitcoin Open to a Bank Run, Smaller Parties Vulnerable to Death Spiral Event

2024-11-24 by admin Leave a Comment

Justin Bons, founder and CIO of Cybercapital, a European cryptocurrency fund, alerted about the vulnerability of smaller parties in the case of a bitcoin bank run. A price drop event would trigger the hypothetical event, forcing miners to shut down their operations due to unprofitability and affecting network operativity. Cybercapital CIO Justin Bons Alerts About […]

Prioritizing First-Mover Advantage Over Security Leaves Defi Protocols Vulnerable to Hacks – Nikita Ovchinnik

2024-04-27 by admin Leave a Comment

According to Nikita Ovchinnik, founder of Barter Defi, decentralized finance (defi) protocols are increasingly becoming the primary target of most hacking attacks because defi “lays bare its inner workings for all to see.” He said the open-source nature of defi means hackers and malicious actors have ample time to study and identify weaknesses or vulnerabilities […]