BlockNation

BlockNation

BlockNation is a community of blockchain developers, thinkers, investors, coming together in an intimate environment to meet, learn and delve into the core issues of this emerging industry.

BlockSec: SushiSwap's KashiPairMediumRiskV1 contract has a logical loophole: On December 16, BlockSec stated that SushiSwap's KashiPairMediumRiskV1 contract suffered two attacks due to a logical loophole, resulting in a miscalculation of token prices and asset losses. The Sushi team then took action to protect some valuable but vulnerable pools from attack, and to provide a program to compensate users who lost funds due to the vulnerability.

BlockSec reminds that dozens of fund pools built on Ethereum and BNB Chain may be affected by this vulnerability. The temporary solution to this problem is to occasionally or periodically call the UpdateExchangeRate function to reduce or eliminate the deviation. [2022/12/16 21:49:06]

Blockchain startup BlockCrushr drops lawsuit accusing ConsenSys of stealing its IP: Canadian blockchain startup BlockCrushr has agreed to drop its intellectual property (IP) lawsuit against Ethereum-focused software engineering firm ConsenSys. The companies filed a joint agreement to dismiss the case on July 27, with terms of the deal barring BlockCrushr from attempting to pursue the matter in the future. Earlier news, Canadian financial technology company BlockCrushr filed a lawsuit in New York, accusing blockchain technology company ConsenSys of stealing trade secrets. A day before BlockCrushr launched its product, ConsenSys launched an ETH-based recurring payments platform called Daisy Payments. Complaint documents show that the defendants launched Daisy Payments using trade secrets disclosed in the Tachyon accelerator program. (Cointelegraph)[2021/7/29 1:22:35]

BlockFi plans to raise hundreds of millions of dollars at a valuation close to $5 billion: Jinse Finance reports that BlockFi, a wealth management and trading firm for cryptocurrency holders, is in talks with new and existing investors, according to two people familiar with the deal negotiations In late negotiations, it plans to raise hundreds of millions of dollars at a valuation close to $5 billion. New York-based hedge fund Third Point Management, run by activist investor Daniel Loeb, and London-based venture capital firm Hedosophia are leading the new financing, with participation from existing investors, a person familiar with the matter said. The round values the company about 70 percent higher than it raised in March and 11 times its valuation in August last year, according to financial data firm PitchBook. The latest financing has not yet closed, and its valuation may rise. [2021/6/9 23:22:35]

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