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Showing posts with the label official

U.S. officials link North Korea to the major security breach at Mixin

A U.S. official implicates North Korea in a significant cyberattack on decentralized finance platform Mixin Network, with losses under $150 million. A high-ranking U.S. government official has indicated that North Korea is the likely culprit behind a major security intrusion targeting the decentralized finance platform Mixin Network. Earlier assessments suggested that Mixin Network suffered a financial loss amounting to $200 million following a cyberattack that took place in late September. However, the organization revised this figure to less than $150 million after conducting a thorough review. [Update] After statistical Analysis , the affected assets in this incident were mainly ERC20-USDT, ETH, and BTC. Other assets were not affected. The specific compensation details are still under discussion. Please stay tuned for updates on the progress of this incident. In order… https://t.co/XHlNmJFbeZ — Mixin Kernel (@MixinKernel) October 5, 2023 What caused the attack on Mixi...

Circle to launch ‘official version’ of USDC natively on Arbitrum

USDC stablecoin developer Circle will replace the current version of its token with one running natively on the Arbitrum network. Circle recently announced plans for a June 8 launch of a new native version of its USD Coin (USDC) stablecoin on the Arbitrum network. 1/ Circle is launch ing USDC native ly on @Arbitrum on June 8th! Keep scrolling or read the blog to learn more about this launch and how to migrate liquidity from “bridged USDC” to native USDC. https://t.co/tbxSmUvXso — Circle (@circle) June 1, 2023 According to a blog post, Circle will replace the existing version of USDC, an Ethereum-based token that’s been bridged to Arbitrum, with a native token that runs and resides on the Arbitrum network itself: “This will be the official version of USDC that is recognized within the Arbitrum ecosystem and will ultimately replace the currently circulating bridged version of USDC that comes from Ethereum.” Ahead of the launch, Circle plans to rename the existing Ethereum-ba...