Experty(EXY)

Movement's 21 and 24-year-old co-founders say they are on a mission to "make blockchain security sexy" with the launch of their L2.

The recent announcement of dear.game’s launch by ARPA officials marks a significant milestone in the cryptocurrency gaming space. As the first fully onchain game enabled by Randcast and incubated by ARPA on the redstonexyz chain built by latticexyz, dear.game has garnered attention for its innovative approach to blockchain-based gaming.

Experts remain divided on when the next bull market is set to kick off, but they all agree on one thing: the next big rally won’t look like the last one.

Decentralized crypto mixing platform Tornado Cash recently suffered a significant attack on its governance. A malicious proposal recently subverted its governance system, providing the threat actor with complete control over the protocol. The threat actor successfully shifted 1.2 million votes to a proposal with deceptive intent on May 20th. This initiative received more than 700,000 legitimate votes, enabling the attacker to fully command Tornado Cash governance. This incident was highlighted by @samczsun, a researcher at Paradigm, a research-driven technology investment firm. On 2023/05/20 at 07:25:11 UTC, Tornado Cash governance effectively ceased to exist. Through a malicious proposal, an attacker granted themselves 1,200,000 votes. As this is more than the ~700,000 legitimate votes, they now have full control.https://t.co/nY87XmrYgT pic.twitter.com/h9qjc3xRqz — @samczsun.com (@samczsun) May 20, 2023 The attacker claimed their proposal employed logic akin to a previously approved community proposal. However, it concealed an insidious function. Once approved, the attacker utilized the emergencyStop function on the governance contract to modify the proposal logic, granting themselves falsified votes. With total control, the attacker can now withdraw all locked votes, drain the tokens from the governance contract, and effectively "brick" the on-chain router. @samczsun's latest tweets on the matter suggest that the attacker has already withdrawn 10,000 votes as TORN tokens and liquidated them. This diligently underscores the need for the diligent scrutiny and appropriate review of proposal descriptions and logic. A Tornado Cash community member known pseudonymously as Tornadosaurus-Hex confirmed the possible compromise of all governance funds and urged members to withdraw any locked funds. Tornado Cash's team is now actively seeking Solidity developers who could help protect the protocol from further damage. They have also indicated the necessity for dialogue with Binance, as the exchange possesses more tokens held than the threat actor and may be able to help reverse the functions implemented through the exploit. The Tornado Cash case recently received support from major crypto policy and advocacy groups. The Blockchain Association and DeFi Education Fund jointly filed an amicus curiae brief in support of a partial summary judgment motion for the plaintiff against the U.S. Treasury Department. Last year, the U.S. Treasury Department sanctioned Tornado Cash, asserting that it assisted the North Korean hacking group, Lazarus Group, in funneling roughly $7 billion worth of funds obtained from various exploits. The infamous Lazarus Group is notorious in the crypto sphere for stealing from prominent DeFi protocols. This accusation led to the arrest of Tornado Cash's creator, Alexy Pertsev, on money laundering charges in August, inciting public outcry. In retaliation to these widespread exploits, the sanction was imposed by the Treasury Department's Office of Foreign Assets Control (OFAC) on Tornado Cash, placing addresses purportedly connected with the mixer on its Specially Designated Nationals and Blocked Persons List. Consequently, it is illegal for U.S. persons to interact with those addresses under threat of substantial fines and imprisonment. $TORN token data, May 21, 2023. 9:00 UTC // Source: CoinMarketCap Data from CoinMarketCap reveals a significant decrease in Tornado Cash's activity following these developments, with transaction volumes declining by an average of 40% on an hour-to-hour within the last 24 hours. The reported loss of roughly 10,000 TORN tokens have been traced back to the threat actor's activities. The aftermath of this episode underlines the importance of rigorous code inspection and robust community governance in decentralized protocols. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

The case for Tornado Cash is getting support from prominent crypto policy and advocacy groups. According to case filings brought against the U.S. Treasury Department, the Blockchain Association and DeFi Education Fund have filed an amicus curiae brief in support of the plaintiff's motion for a partial summary judgement. Tornado Cash was sanctioned by the U.S. Treasury Department on the contention that it helped North Korean hacking collective Lazarus Group funnel roughly $7 billion worth of funds from various exploits. The Lazarus Group is infamous in the crypto industry for stealing from prominent DeFi protocols. The sanction on Tornado Cash resulted to the arrest of Alexy Pertsev, its creator. On August Pertsev was arrested in the Netherlands on charges of money laundering, sparking public outcry. In response to the widespread exploits, the sanction was imposed by the Treasury Department's Office of Foreign Assets Control (OFAC) on Tornado Cash last year, effectively placing addresses allegedly connected with the mixer on its Specially Designated Nationals and Blocked Persons List. Such a designation makes it illegal for U.S. persons to interact with those addresses, under threat of significant fines and imprisonment. Plaintiffs on the Tornado Cash case (Van Loon et al) argue that OFAC violated the Administrative Procedures Act (APA) by sanctioning an entity not liable to its sanction, infringing on users' right to free speech and depriving them of property (cryptocurrency held in the mixer) without due process. The motion for partial summary judgment on the counts of APA violation and free speech were filed on April 5. In their brief, the Blockchain Association and DeFi Education Fund contend that Tornado Cash is software, not a person or property, and serves an essential function in preserving user privacy. "Ordinarily, OFAC would not consider sanctioning neutral tools used by some people for illicit activities, it would sanction the people committing those activities. The same perspective should apply to OFAC's action against Tornado Cash," states Kristin Smith, CEO of Blockchain Association. The brief also elaborated on previous legal arguments presented for the Tornado Cash case, saying that the OFAC's sanctions are "not in accordance with law for yet another reason: the sanctions are arbitrary and capricious." The amicus brief reiterated their position in the following statement: "Such tools allow users to reclaim privacy that would be available as a matter of course in other contexts while retaining the benefits that come with using blockchain technology." The two organizations throwing support behind Tornado Cash are not alone, though, as crypto think tank Coin Center also filed a lawsuit against the Treasury in October, calling the sanctions "unprecedented and unlawful." Coinbase' Chief Legal Officer Paul Grewal also came out in support of Tornado Cash, arguing that sanctions should "target bad actors, not technology." Coinbase released funding for the lawsuit. According to court documents, a pretrial conference for the parties and their respective counsels is scheduled for April 23rd. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

I like to browse the local ads for retro gaming items. It just takes me back to fond memories of Jet Set Willy on the Zx Spectrum with its sexy rubber keys or maybe you are more of a Resident Evil fan on the PS1. That moment the dog jump through the mirror, I literally soiled my pants. As I was looking through the ads there was one ad in particular that caught my eye. A full set of PS2 games, 2500 in total. This made me look and to my surprise they were asking for payment in Bitcoins. This to me is a game changer (Pardon the pun), if the general public are starting to embrace buying and selling with crypto currency, the tide is changing. Obviously, this person is involved in the trading of bitcoins but it was still an eye opener. Item for sale: https://www.gumtree.com/p/video-games/full-playstation-ps2-set/1277316182 What next? I have heard rumours of Amazon looking at accepting Bitcoins which would in my opinion drive up the price two or 3 times its current rate if it ever came to fruition. I think this is a while off yet but we can all dream of a future where this becomes a reality. If you are interested in what 2500 ps2 games look like and why wouldn’t you have a look at this video. (About 2m 50) or watch it all if you like man caves. It’s pretty Cool! WARNING! MAN CAVE VIDEO - YOU WILL WANT ONE https://www.youtube.com/watch?v=rOjiGJ9DQ6E&t=17s

I like to browse the local ads for retro gaming items. It just takes me back to fond memories of Jet Set Willy on the Zx Spectrum with its sexy rubber keys or maybe you are more of a Resident Evil fan on the PS1. That moment the dog jump through the mirror, I literally soiled my pants. As I was looking through the ads there was one ad in particular that caught my eye. A full set of PS2 games, 2500 in total. This made me look and to my surprise they were asking for payment in Bitcoins. This to me is a game changer (Pardon the pun), if the general public are starting to embrace buying and selling with crypto currency, the tide is changing. Obviously, this person is involved in the trading of bitcoins but it was still an eye opener. Item for sale: https://www.gumtree.com/p/video-games/full-playstation-ps2-set/1277316182 What next? I have heard rumours of Amazon looking at accepting Bitcoins which would in my opinion drive up the price two or 3 times its current rate if it ever came to fruition. I think this is a while off yet but we can all dream of a future where this becomes a reality. If you are interested in what 2500 ps2 games look like and why wouldn’t you have a look at this video. (About 2m 50) or watch it all if you like man caves. It’s pretty Cool! WARNING! MAN CAVE VIDEO - YOU WILL WANT ONE https://www.youtube.com/watch?v=rOjiGJ9DQ6E&t=17s