Everybody leaves Solana and Bitcoin mining hit by a snowstorm: top crypto and Web3 news for December 26

Published by
Tanja Nechet

A new year is approaching, but the problems remain the same. For example, a series of crashes in Solana and numerous hacks of different cryptocurrency services. Yes, it’s a bad idea to save money on security! Read more about the main events in our traditional news digest.

The best NFT projects leave Solana

Two large NFT collections from the Solana ecosystem have announced plans to migrate to Ethereum and Polygon at once. DeGods and y00ts promise to complete the process early next year.

Nature vs. Bitcoin

Due to a snowstorm in the U.S., the Bitcoin network lost 38% of its capacity and hash rate by more than 38.8%, from 230 EH/s to 155 EH/s. Such large miners as Riot Blockchain, Core Scientific, Compass Mining, and others had to stop the work of the installations. The reason was the massive breakdown of power lines in the country.

BitKeep was hacked

Mobile crypto wallet BitKeep was hacked. According to Certic, the attack affected the BNB Chain network and caused more than $6 million in damage. The probable reason is that hackers hacked some APK packages and installed malicious codes. That is, they made a fake version of the wallet and gained access to private keys and customer funds through it.

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Cracked Twitter

Cybersecurity firm Hudson Rock has discovered a black market database of 400 million Twitter users. A hacker put it up for sale. He claims to have data such as email addresses and phone numbers of famous users such as Kevin O’Leary, Vitalik Buterin, and others. The perpetrator has already allegedly contacted Elon Musk personally and is demanding a ransom of $276 million.

Failed Defrost

Defrost Finance, the Avalanche eco-stablecoin project, has been attacked again. Fake pledge tokens were added to the protocol, and malicious price oracles were used to eliminate current users. The losses exceeded $12 million, Peckshield writes.

The Defrost team said the hackers returned the funds to the platform and will return them to their rightful owners.  

Tanja Nechet

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