Micah Abiodun

3 mins read 22 seconds ago Approximately $4.67 million worth of tokens were drained from Secret Network after an attacker exploited an ICS-20-based smart contract used to facilitate cross-chain transfers, according to Axelar’s June 19 statement. The incident exposed another weakness in the bridge infrastructure connecting Cosmos-based blockchains, but Axelar said the issue was isolated to the Secret-side ICS-20 smart contract used in the Cosmos IBC connection between Secret and Axelar.

3 mins read 15 seconds ago The Commodity Futures Trading Commission permanently banned Celsius founder Alex Mashinsky from commodity trading and CFTC registration through a consent order entered on June 18 in the US District Court for the Southern District of New York. The order concludes the agency’s July 2023 fraud case and ends what the CFTC has referred to as its first crypto-lending enforcement action.

3 mins read 12 seconds ago Abu Dhabi-backed AI investor MGX is reportedly weighing a multibillion-dollar buyout of DayOne, which operates a data center in Singapore. The deal will come as MGX’s first acquisition in Asia and would highlight the mounting competition among the various parties who seek to obtain the necessary data center infrastructures to fuel the growth of AI technology.