Medicalchain(MTN)

Airdrop riches and FOMO are fueling a run on Apple's pricey VR headset at mtnDAO, the Solana blockchain's largest community-run coworking meetup, in Salt Lake City.

This year's mtnDAO is flush with cash and short on monitors.

Cypher Protocol, a decentralized futures exchange operating on the Solana blockchain, disclosed on August 7th that a significant security breach occurred on their platform. The breach led to an estimated unauthorized transfer of assets valued at around $1 million. Swiftly addressing the event, Cypher Protocol informed its community of followers on X (formerly Twitter) and took immediate action by freezing its associated smart contract. A statement from the firm emphasized their responsive action: "Cypher has experienced a security incident. The smart contract has been frozen. Investigations are ongoing. The team is currently working with individuals and investigating. To the hacker: We are writing to see whether you would be open to speaking with us about any potential next steps." Data sourced from the Solana blockchain explorer, Solscan, has been invaluable in providing insights into the breach. It appears that the attacker or attackers absconded with a considerable 38,530 Solana (SOL) tokens in addition to $123,184 USD Coin (USDC). In sum, these unauthorized transactions amounted to roughly $1,035,203. What has raised eyebrows in the aftermath of the breach was the movement of the alleged funds. Within a short span following the exploit, a sum of 30,000 USDC from the contentious wallet was rerouted to Binance’s specific Solana USDC address. The rapidity of these fund movements highlights the speed at which digital assets can change hands, emphasizing the need for robust security measures and real-time monitoring. Community Response and Calls for Accountability The aftermath of the exploit was punctuated by unique, digital-era responses. Members from the cryptocurrency community sent a series of NFTs to the suspected wallet. These weren’t typical assets, but they bore messages – some of which appealed to the hacker's conscience to return the stolen funds. Among the various messages, one read: "Seriously though, you used Binance and KuCoin to fund and to try and get 30k out. People will find you. Please do the right thing and give the rest back." The timing of this security breach was rather inopportune, as it coincided with Cypher Protocol’s collaborative mtnDAO hacker house event, which they co-hosted with another Solana protocol, Marginfi. Ensuring clarity and dispelling doubts about their own security, Marginfi swiftly relayed via their Telegram channel that they remained unaffected by the breach and continue to maintain their operational independence from Cypher. As of the time of reporting, no Solana-based funds have been detected as transferred to the Ethereum network, leaving the next steps of the alleged hacker unpredictable. Incidents like these not only impact the entities directly involved but also reverberate throughout the crypto community. They underscore the persistent challenges in the realm of digital security and emphasize the need for continuous improvements in safeguarding digital assets. 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.

Cypher Protocol, a decentralized futures exchange operating on the Solana blockchain, disclosed on August 7th that a significant security breach occurred on their platform. The breach led to an estimated unauthorized transfer of assets valued at around $1 million. Swiftly addressing the event, Cypher Protocol informed its community of followers on X (formerly Twitter) and took immediate action by freezing its associated smart contract. A statement from the firm emphasized their responsive action: "Cypher has experienced a security incident. The smart contract has been frozen. Investigations are ongoing. The team is currently working with individuals and investigating. To the hacker: We are writing to see whether you would be open to speaking with us about any potential next steps." Data sourced from the Solana blockchain explorer, Solscan, has been invaluable in providing insights into the breach. It appears that the attacker or attackers absconded with a considerable 38,530 Solana (SOL) tokens in addition to $123,184 USD Coin (USDC). In sum, these unauthorized transactions amounted to roughly $1,035,203. What has raised eyebrows in the aftermath of the breach was the movement of the alleged funds. Within a short span following the exploit, a sum of 30,000 USDC from the contentious wallet was rerouted to Binance’s specific Solana USDC address. The rapidity of these fund movements highlights the speed at which digital assets can change hands, emphasizing the need for robust security measures and real-time monitoring. Community Response and Calls for Accountability The aftermath of the exploit was punctuated by unique, digital-era responses. Members from the cryptocurrency community sent a series of NFTs to the suspected wallet. These weren’t typical assets, but they bore messages – some of which appealed to the hacker's conscience to return the stolen funds. Among the various messages, one read: "Seriously though, you used Binance and KuCoin to fund and to try and get 30k out. People will find you. Please do the right thing and give the rest back." The timing of this security breach was rather inopportune, as it coincided with Cypher Protocol’s collaborative mtnDAO hacker house event, which they co-hosted with another Solana protocol, Marginfi. Ensuring clarity and dispelling doubts about their own security, Marginfi swiftly relayed via their Telegram channel that they remained unaffected by the breach and continue to maintain their operational independence from Cypher. As of the time of reporting, no Solana-based funds have been detected as transferred to the Ethereum network, leaving the next steps of the alleged hacker unpredictable. Incidents like these not only impact the entities directly involved but also reverberate throughout the crypto community. They underscore the persistent challenges in the realm of digital security and emphasize the need for continuous improvements in safeguarding digital assets. 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.

Mastercard, a leading provider of credit card services, is expanding its footprint into the burgeoning digital asset space. In an ambitious move, the payments giant plans to launch a blockchain-based marketplace for financial applications, propelling the evolution of payment solutions beyond traditional parameters. Diving Deeper into Blockchain Technology In the quest to foster innovation in the financial technology space, Mastercard is poised to launch the beta version of its Mastercard Multi Token Network (MTN) in the UK in the coming months. The venture is being touted as an "app store powered by blockchain technologies for building regulated financial applications." Raj Dhamodharan, Mastercard's Executive Vice President and Head of Crypto and Blockchain, emphasized the value of the underlying technology that powers crypto, stating that it is "actually quite useful." Developers leveraging MTN will gain access to a myriad of tools that the company has been developing, one of which includes a private Ethereum-based blockchain, specifically crafted for the creation of novel applications. Mastercard's deep-seated commitment to the digital asset sector is further affirmed by products such as 'Crypto Secure,' 'Crypto Source,' and 'Crypto Credential.' These are geared towards enhancing transparency and trust in the digital asset space. Developers working on the beta version will also be able to experiment with tokenized commercial bank deposits and blockchain data that provides real-time insights into a person's bank account balance. Mastercard's Vision for the Future of Payments Mastercard's vision for the MTN is to "provide a set of foundational capabilities designed to make transactions within the digital asset and blockchain ecosystems secure, scalable and interoperable — ultimately enabling more efficient payment and commerce applications." The company's official announcement highlighted the importance of trust in the new digital ecosystem, stating, "To realize the potential of blockchain and digital assets as critical infrastructure for storing and moving value, we’re launching the Mastercard Multi-Token Network." Mastercard equates the current trajectory of digital asset and blockchain technologies to the internet's growth arc, predicting a similar transformational impact on the global economy. "We believe that digital asset and blockchain technologies today are on a similar trajectory, one day becoming critical infrastructure for storing and moving value." Mastercard's venture into the blockchain app store space represents a major shift towards the adoption of crypto technology in the financial industry, showcasing the company's steadfast commitment to promoting a wider range of secure, accessible, and always-on payment solutions. The launch of the MTN, which the company describes as one of their most ambitious projects to date, is a crucial step towards fulfilling their vision for the future of payments. Mastercard anticipates making the MTN available to more markets around the world in due course, fostering an environment where the wider digital asset industry can thrive. 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 card giant is launching what it calls a Multi-Token Network (MTN), which will begin by testing tokenized bank deposits and move onto experiments using stablecoins and CBDCs.