The phishing attack was rigged BadgerDao. As a result, the Defi solution that runs on the top of the Ethereum blockchain has lost more than $130M.
Type of Phishing Attack
Cloudflare Workers had a weak point where it allowed users to create accounts and view global API keys before email verification was completed. Unfortunately, this creates a loophole that allows attackers to gain API access for specific users.
On-Chain Malicious Approval
The attacker used their API access to inject malicious code through Cloudflare Workers, intercepted web3 transactions, and allowed a foreign address approval to operate on ERC-20 tokens in their wallet.
Also, check out Institutional Investors vs. Whales
Attackers had several anti-detection techniques, applied and removed their scrip periodically, and used multiply proxy and VPN IP addresses to hide their true identities.
What Has Really Happened
In plaint English, attackers could create a fake account but without needing to verify their email addresses. And they were able to access users’ data from the database. They can even create their own applications to intercept users’ transactions and create a fake address to execute code and send their funds into the address without letting the administrator to aware of any suspicious activities.
Layer 2 Is Unsecured
The problem of any Defi projects is they launch as quickly without ever letting security audit. When the platform connects to the internet, there are possibilities of attacking from everywhere, 24/7. There is a need for the security protocol of each transaction to execute within the blockchain than moving actual funds on layer 2.
Many hacking incidents caused multiple million dollars to lose. So when can people learn a lesson without losing their clients’ money?
First Mover Asia: Bitcoin Hovers Near $17.3K, but Does It Have Staying Power?
Reddit NFT mints reach all-time high, EU’s $400K Metaverse party flops and more
Reddit’ NFT minting hits new high
Reddit’s nonfungible token (NFT) collection hit another milestone on Dec. 3 with a record 255,000 of its “avatars” minted in the one day.
The new minting record beat the previous all-time highs on Aug. 30 and 31, which saw just over 200,000 Reddit avatars minted each day.
The NFTs are primarily used on the social media platform as a users’ avatar and are created by a number of independent artists that use the platform.
At the time of the collection’s launch in July, it was widely seen as a way to boost mainstream adoption of blockchain technology as Reddit shied away from using crypto for purchases of the avatars and chose to call them digital “collectibles” instead of NFTs.
With the record mint day, Reddit’s Polygon (MATIC)-based NFTs now boast around 4.4 million in circulation, according to data from Dune Analytics.
However, despite the amounts minted, Dune data shows just over 40,000 Reddit avatar NFTs have been sold since their launch, and there are around 3.7 million holders of avatars indicating that most choose to hold onto their NFT.
The sales volume of the collectibles recently hit an all-time high of $2.5 million on Oct. 24 across 1,991 buyers.
Some of the rarer Reddit NFTs have seen premium prices on secondary NFT marketplaces such as OpenSea with some of the most expensive selling for over $300, while the platform’s own marketplace sees prices of around $50.
EU went all out on a Metaverse party, barely anyone came
The European Union’s (EU’s) foreign aid department is understood to have dished out nearly $408,000 (€387,000) on a metaverse and hosted a party on Nov. 29 to celebrate, but only six people reportedly turned up.
Devex reporter Vince Chadwick tweeted a video on Nov. 29 showing his metaverse avatar attending the “gala” and said “after initial bemused chats with the roughly five other humans who showed up, I am alone.”
I’m here at the “gala” concert in the EU foreign aid dept’s €387k metaverse (designed to attract non politically engaged 18-35 year olds — see story below). After initial bemused chats with the roughly five other humans who showed up, I am alone. https://t.co/ChIHeXasQP pic.twitter.com/kZWIVlKmhL
— Vince Chadwick (@vchadw) November 29, 2022
“Is anybody out there?” reads one of the messages on the screen in the video. “The concert is just the same DJ spinning the same music,” another message says.
The EU-crafted metaverse was made to promote it’s “Global Gateway” initiative that aims to develop and build infrastructure in developing nations.
The metaverse, seemingly also named “Global Gateway”, was quietly launched in mid-October with a “depressing and embarrassing” promotional video according to an anonymous EU foreign aid department staff member that spoke to Devex.
Discover the new #GlobalGateway digital platform – https://t.co/DHAdsfwbA1
— EU International Partnerships (@EU_Partnerships) October 13, 2022
According to an EU spokesperson the target audience for its metaverse is 18 to 35 year olds “who identify as neutral about the EU and are not particularly engaged in political issues,” and the promo video was “to intrigue that audience, primarily on TikTok and Instagram” and encourage them to engage with the campaign.
TimeX ‘Goes Ape’ with the BAYC
Watch manufacturer TimeX said on Dec. 1 it’s partnered with the Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) NFT projects to create custom watches.
TimeX is creating 500 physical watches and matching “twin NFTs” that will allow Bored and Mutant Ape holders to customize a watch including its case, strap and etchings while, of course, featuring the owners’ NFT on the watch face.
We’re going bananas over the launch of our first customizable physical, digital and phygital timepiece in partnership with @CryptoVonDoom, @beijingdou, @Zeneca_33 @JulianGilliam, @TheMiamiApe, @TheeHustleHouse, @daz3d @Metabrands_pro and the @BoredApeYC community.
A Thread pic.twitter.com/sL2YPyNnwf
— Timex (@timex) December 1, 2022
The watches will be gated behind an NFT at the cost of 2 Ether (ETH), or around $2,500, with BAYC and MAYC holders then able to use the NFT to create a watch from mid-December that will ship in in the second quarter of 2023.
NFT sales increase for first time in 7 months
U.S. dollar-denominated NFT sales have managed to jump 16% in the month of November, bucking more than seven months of decline, according to data from Cryptoslam.
In November, NFT sales amounted to $534 million, up from October’s nearly $460.4 million.
It was the first month since April that NFT sales increased, January saw record NFT sales totaling $4.7 billion, while October was the slowest sales month in 2022.
Related: How NFT court summons could change the legal landscape
The increase in November is likely due to high-priced NFT sales, such as two BAYC NFTs that sold for close to $1 million each on Nov. 23 and 24.
Cryptoslam data shows over the past 30 days the top three NFT collections were BAYC, MAYC and Otherdeeds — all Yuga Labs-owned projects. The top BAYC collection has seen 30-day sales increase by 89.5% indicating that high-priced NFT sales could have driven November sales up.
Meanwhile, total transaction volume between October and November saw a 17.6% decrease.
More Nifty News
Internet browser Opera has created an NFT minting tool that allows users the ability to drag and drop media files into its application which will turn those files into NFTs by writing a smart contract and uploading them to a blockchain.
Coinbase has slammed Apple over the firm blocking the latest release of its crypto wallet app. Coinbase says Apple wanted it to disable NFT transactions until it could “collect 30% of the gas fee,” something Coinbase says is “clearly not possible” as Apple’s system “does not support crypto so we couldn’t comply even if we tried.”
Elite CBD Products Affiliate Program – Learn How To Earn Money
What is Elite CBD Products Affiliate Program?
Elite CBD Products Affiliate Program Helps You Earn Money While You Refer Users To Elite CBD Products Platform Through Your Affiliate Links From Your Blog, Social Media, Email Lists, Etc.
It’s Easy And Only Takes A Few Minutes To Complete The Sign Up Process. Earn Up To Fixed Per Sale!
KeyPoints Of Elite CBD Products Affiliate Program
|Product Name||Elite CBD Products Affiliate Program|
|Payment Frequency||Monthly Net-20|
|Joining Fees||Free To Join|
|Deep Linking Possible||Yes|
|Payment Method||Check, ACH (Direct Deposit)|
|Cookie Length||90 days|
|Official Affiliate Website||Click Here To Visit Official Website|
What Is Elite CBD Products?
Elite CBD Products In 2017, Awin acquired one of North America’s largest platforms, ShareASale. ShareASale has been a pure-play affiliate marketing network, successfully growing its business by nurturing relationships, building cutting-edge technology and guiding clients to success in affiliate marketing since 2000. As a leading network in the US, ShareASale is known as a fair and ethical business partner with a goal of supporting performance-based partnerships.
With over 20 years of affiliate marketing experience for both Awin and ShareASale, your trusted platforms offer a global community of people, technology and business intelligence insights. No matter what type of partner, level of service, or tools your business needs, the Awin Group provides solutions to drive sustainable growth.
How To Join Elite CBD Products Affiliate Program And Make Money From Elite CBD Products
First Step To Sign Up At Elite CBD Products Affiliate Program. It Is Very Easy To Join Elite CBD Products Affiliate. Just Fill Necessary Data Like, Your Name, Date Of Birth & All Required Data By Elite CBD Products. Once Filled Everything Correctly Just Click On Submit Button. Once Your Submit Application For Elite CBD Products Program .Your Application Sent To Affiliate Team Of Elite CBD Products. If Your Profile Eligible For Their Affiliate Program Than You Get Another Approval Email Once You Approved By Team.
Once You Approved By Elite CBD Products
Now It Is Time To Login Your Elite CBD Products Affiliate Account. And Start Promoting Elite CBD Products Program To Your Friends By Email Marketing , Blog , Social Media Etc. Once Any Sale Made By Your Refer Link You Get Fixed % From Elite CBD Products.
How To Start Promoting Elite CBD Products Affiliate And Earn Money ?
After You Successfully Join Elite CBD Products Affiliate Program, You Can Choose From Several Banners And Text Links To Go With The Layout Of Your Website. Place Them Strategically Within The Content Of Website, Blogs, Emails, Newsletters, Etc. Whenever A Visitor (On Your Website) Clicks On One Of These Banners Or Links, They Will Be Directed To Elite CBD Products Website, And Their Activity Will Be Tracked By Elite CBD Products Affiliate Software. If They Buy Any Of Elite CBD Products Products, You Will Earn A Commission Of Up To fixed % Per Sale.
What Are The Elite CBD Products Affiliate Commission Rates?
You will Earn upto fixed % commission at Elite CBD Products Tool.
Why Choose Elite CBD Products Affiliate?
This Is One Of The Most Elite CBD Products Affiliate Programs In The World. Elite CBD Products Is A Well-Known Brand In Tool, And Its Generous Affiliate Commission Rates Have Made It A Favorite Choice For Many Affiliates Marketer.
Elite CBD Products Affiliate Program Payment Options
Once You Are Signed Up With Elite CBD Products Affiliate Program You Need To Update Your Payment Option. Elite CBD Products Affiliate Minimum Payout Is $50.
They Offer Payment Options. You Can Select Check, ACH (Direct Deposit).
Elite CBD Products Affiliate Program Features
ShareASale has spent over 20 years growing our network by nurturing relationships, building cutting-edge technology, and guiding merchants and publishers to success in their affiliate marketing channel. Keep a pulse on your program with real-time insights into performance data, affiliate partner activity, and personalized program diagnostics. Use your platform and extensive network of partners to tap into new sources of revenue for your online business.
Why Elite CBD Products Affiliate Program Is Best For You ?
Being A Elite CBD Products Affiliate Program Is Great For You And Your Visitors. Your Visitors Get Special Offers From One Of The World’s Top Tool Providers And You Earn Money For Qualifying Purchases They Make Via Your Affiliate Link!
Below Are A Few Reasons Why You’ll Love Being A Elite CBD Products Affiliate Program
Membership To Elite CBD Products India’s Affiliate Program Is Free – So You Don’t Lose A Thing. You Don’t Even Need To Buy Anything From Elite CBD Products India
What Are The Alternatives For The Elite CBD Products Affiliate?
These Are Some Of The Alternatives :
How Can You Reach The Elite CBD Products Affiliate Support?
If You Need Any Help, Then Reach The Elite CBD Products Team At [email protected]
Frequently Asked Questions
How Do I Become A Elite CBD Products Affiliate?
Visit this page To Become A Elite CBD Products Affiliate. It’s Free To Sign Up As An Affiliate For Elite CBD Products.
How Much Does Elite CBD Products Pay Its Affiliates?
The Standard Payout Commission Per One Elite CBD Products Signup Is $65. However, Your Commission Goes Up If You Generate More Sales As You Can Earn Up To $125 Per Sale!
What Is The Minimum Payment Threshold Of Elite CBD Products?
To Receive Your First Payment, You Need To Make At Least $100 As A Elite CBD Products Affiliate. That Means You Need To Generate At Least Two Successful Signups To Be Able To Receive Your First Payment.
How Do I Contact The Elite CBD Products Affiliate Team?
If You’ve Any Questions, You Can Email [email protected] For Affiliate Program Questions And Support.
One Must Join The Elite CBD Products Affiliate Program For Maximizing Their Earnings.
Many Of The Bloggers Are Sharing Their Payments Screenshots. So, The Elite CBD Products Affiliate Is Legit. Speaking Frankly, I Never Tried Their Affiliate Program.
If You Had Worked As A Elite CBD Products Affiliate, Then Please Share Your Experiences. Hope This Review Help The Affiliates For Getting Started.
Affiliate Disclosure: In Full Transparency – Some Of The Links On your Website Are Affiliate Links, If You Use Them To Make A Purchase They Will Earn A Commission At No Additional Cost For You (None Whatsoever!).
- Crypto News1 year ago
Kryll (KRL), LCX (LCX) SUKU (SUKU) and OriginTrail (TRAC) are launching on Coinbase Pro
- Blockchain1 year ago
DeSo Announces $50 Million In Funding for Developers
- Blockchain1 year ago
DeSo | Decentralized Social Media Network
- Bitcoin12 months ago
Simple Analogy Explains How Bitcoin Works
- Crypto News1 year ago
Unpacking The DESOlaters with William Laurent
- Blockchain12 months ago
DeSo : Decentralizing Social Media Apps
- Crypto News12 months ago
Multichain Metazens Emerged In The Metaverse
- Blockchain1 year ago
How to Get Free DeSo Crypto