Arbitrum Surges Ahead of Airdrop: Outpaces Ethereum in Transactions

Summary Arbitrum, an Ethereum-based layer-2 scaling solution, has seen unprecedented growth in anticipation of the ARB token airdrop. The network processed around 157,000 transactions over the last 24 hours and had nearly 495,000 unique wallets interacting with it. Users claimed 42 million ARB tokens within the first hour of the airdrop. Surge in Activity on […]

Crypto Stealing Trojanized Apps Target Telegram and WhatsApp Users

• ESET researchers discovered malicious copycat Telegram and WhatsApp websites that have trojanized versions of these popular instant messaging apps, designed to steal victims‘ cryptos. • These clippers specifically target victims‘ cryptocurrency funds and in some cases, directly focus on their cryptocurrency wallets. • In addition to the trojanized WhatsApp and Telegram Android apps, ESET […]

Crypto Users Warned: Proof-of-Reserves Reports Inherently Limited

• The US Public Company Accounting Oversight Board (PCAOB) released a document warning investors to exercise caution when using proof-of-reserve (PoR) reports as reassurance. • PoR reports are limited and do not provide assurance that liabilities or governance effectiveness is addressed. • Multiple audit firms have stopped issuing PoR reports, leading to further doubt within […]

DMG Blockchain Mines 50% More Bitcoin, Reports $7M Net Loss

• DMG Blockchain Solutions reported a revenue of $7.2 million in Q1 2023, with a 50% decrease from the previous year’s quarter. • The company mined 50% more bitcoin than last year, totaling 274 BTC. • DMG had a net loss of $7.0 million due to lower revenues and increasing operating costs. DMG Blockchain Reports […]