SaluS(SLS)

Salus's 22023 Web3 Security Landscape Report highlights more than $1.7 billion in losses due to access control problems, phishing, flash loan attacks, and reentrance.

Singapore, Singapore, August 21st, 2023, Chainwire BinaryX, a leading GameFi and IGO platform, announced today their first-ever hackathon event. BinaryX Online Hackathon 2023 is designed to encourage creativity, innovation, and collaboration among developers within the GameFi community, with the aim of discovering the next wave of GameFi advancements. BinaryX called for both emerging and established developers to showcase their projects and contribute to the growth and evolution of the GameFi ecosystem. BinaryX Online Hackathon Details The objectives of the BinaryX Online Hackathon 2023 are as follows: Innovation: Exploring innovative gaming concepts and solutions that have the potential to reshape the blockchain gaming sector. Talent Recognition: Recognizing the talents of developers within the blockchain gaming community, celebrating their contributions to the industry. Community Interaction: Creating an environment for networking, collaboration, and shared learning among participants within the BinaryX community. Promotion of IGO Ecosystem: Highlighting the various opportunities within BinaryX's IGO platform to inspire participants to explore new avenues of innovation. Over $25,000 in Cash Prizes, Additional Rewards to be Won The Hackathon features an appealing prize pool exceeding $25,000 in cash to recognize exceptional talent within the blockchain gaming realm. However, the benefits extend beyond monetary rewards: Potential Funding: Outstanding projects have the chance to secure funding of up to $500,000. Expert Guidance: Participants have the unique opportunity to be mentored by industry experts, benefiting from BinaryX's wealth of experience. Social Media Exposure: Winning projects will be showcased on BinaryX's influential social media channels, providing valuable visibility. Hands-On Mentorship: Industry veterans will offer guidance and mentorship, helping participants refine their projects and ideas. Partner Discounts: Winners will join BinaryX’s IGO Developer Community, and stand to receive an additional amount of over $10,000 in credits from various partners such as Salus Security to support the growth of the projects. More partnership announcements will be revealed at a later date. "The BinaryX Online Hackathon 2023 isn't just a competition,” Rudy, Head of Growth said. “It's an investment in the future of blockchain gaming. We invite developers to join us on this journey to uncover groundbreaking GameFi innovations, collaborate within our thriving community, and bring their ideas to the forefront of the industry." The BinaryX Online Hackathon 2023 is open to creators and visionaries worldwide. Interested participants can register on BinaryX's website, where they will find comprehensive information about the event, rules, schedules, and more. As the excitement builds for this event, BinaryX extends its invitation to developers, gamers, and blockchain enthusiasts to come together, innovate, and play a role in shaping the future of GameFi. About BinaryX BinaryX is a leading GameFi and IGO platform committed to delivering cutting-edge gaming experiences backed by blockchain technology. Offering Initial Game Offering (IGO) services, BinaryX gives game developers the opportunity to launch their GameFi projects on their platform, and for users to get early access to innovative new games. As one of the top 10 projects on the BNB Chain, BinaryX has a vast community of more than 100k coin holders and 30K monthly active wallets. With the token BNX, BinaryX is also one of the top few metaverse projects by trading volume on the BNB chain, with a strong market cap. For more details and information about BinaryX, please visit www.binaryx.pro Our Socials: Discord | Telegram | Twitter | Medium Check out our games on BinaryX's Offical Website and YouTube Contact Communications [email protected]

Singapore, Singapore, August 21st, 2023, Chainwire BinaryX, a leading GameFi and IGO platform, announced today their first-ever hackathon event. BinaryX Online Hackathon 2023 is designed to encourage creativity, innovation, and collaboration among developers within the GameFi community, with the aim of discovering the next wave of GameFi advancements. BinaryX called for both emerging and established developers to showcase their projects and contribute to the growth and evolution of the GameFi ecosystem. BinaryX Online Hackathon Details The objectives of the BinaryX Online Hackathon 2023 are as follows: Innovation: Exploring innovative gaming concepts and solutions that have the potential to reshape the blockchain gaming sector. Talent Recognition: Recognizing the talents of developers within the blockchain gaming community, celebrating their contributions to the industry. Community Interaction: Creating an environment for networking, collaboration, and shared learning among participants within the BinaryX community. Promotion of IGO Ecosystem: Highlighting the various opportunities within BinaryX's IGO platform to inspire participants to explore new avenues of innovation. Over $25,000 in Cash Prizes, Additional Rewards to be Won The Hackathon features an appealing prize pool exceeding $25,000 in cash to recognize exceptional talent within the blockchain gaming realm. However, the benefits extend beyond monetary rewards: Potential Funding: Outstanding projects have the chance to secure funding of up to $500,000. Expert Guidance: Participants have the unique opportunity to be mentored by industry experts, benefiting from BinaryX's wealth of experience. Social Media Exposure: Winning projects will be showcased on BinaryX's influential social media channels, providing valuable visibility. Hands-On Mentorship: Industry veterans will offer guidance and mentorship, helping participants refine their projects and ideas. Partner Discounts: Winners will join BinaryX’s IGO Developer Community, and stand to receive an additional amount of over $10,000 in credits from various partners such as Salus Security to support the growth of the projects. More partnership announcements will be revealed at a later date. "The BinaryX Online Hackathon 2023 isn't just a competition,” Rudy, Head of Growth said. “It's an investment in the future of blockchain gaming. We invite developers to join us on this journey to uncover groundbreaking GameFi innovations, collaborate within our thriving community, and bring their ideas to the forefront of the industry." The BinaryX Online Hackathon 2023 is open to creators and visionaries worldwide. Interested participants can register on BinaryX's website, where they will find comprehensive information about the event, rules, schedules, and more. As the excitement builds for this event, BinaryX extends its invitation to developers, gamers, and blockchain enthusiasts to come together, innovate, and play a role in shaping the future of GameFi. About BinaryX BinaryX is a leading GameFi and IGO platform committed to delivering cutting-edge gaming experiences backed by blockchain technology. Offering Initial Game Offering (IGO) services, BinaryX gives game developers the opportunity to launch their GameFi projects on their platform, and for users to get early access to innovative new games. As one of the top 10 projects on the BNB Chain, BinaryX has a vast community of more than 100k coin holders and 30K monthly active wallets. With the token BNX, BinaryX is also one of the top few metaverse projects by trading volume on the BNB chain, with a strong market cap. For more details and information about BinaryX, please visit www.binaryx.pro Our Socials: Discord | Telegram | Twitter | Medium Check out our games on BinaryX's Offical Website and YouTube Contact Communications [email protected]

Another day, another DeFi hack. Arcadia Finance has reportedly been the victim of an exploit which allowed hackers to drain roughly $455,000. Decentralised finance (DeFi) platform Arcadia Finance has reportedly become the latest victim of a hack. Blockchain investigating firm PeckShields reported the exploit and said it was due to “the lack of untrusted input validation.” #PeckShieldAlert Our community contributor has detected that @ArcadiaFi has been exploited on both #Ethereum and #Optimism for ~$455KThe exploiter on #Ethereum was frontrun by 0x5C75e94dD0Ab9c10BFd1B8073DafEF031D3c050dhttps://t.co/blGx5IEAkkThe exploiter on #optimism… pic.twitter.com/WDzF0XVcmL — PeckShieldAlert (@PeckShieldAlert) July 10, 2023 PeckShields alerted about a code vulnerability that allowed a hacker to drain funds worth about $455,000 from Ethereum (darcWETH) and Optimism (darcUSDC) vaults. According to the firm, the code vulnerability lacked a validation mechanism to cross-check unverified inputs. It added, “There is a lack of reentrancy protection, which allows for the instant liquidation to bypass the internal vault health check.” PeckShields also reported the exploiter transferred roughly 179 ETH by bridging 148 ETH and swapping 59,000 USDC to crypto mixer Tornado Cash. Arcadia TVL Drops 76% Following the hack, DeFiLlama reported that Arcadia’s Total Value Locked (TVL) dropped by a staggering 76%, from $605,000 to $145,000. The exploit on Arcadia Finance comes only days after a $130 million hack on Multichain’s MPC bridge platform. Observers noted $102 million worth of crypto was withdrawn from the Multichain Fantom bridge on the Ethereum side. $666,000 worth of Dogecoin (DOGE) and $5 million from Moonriver were also removed. An additional 7214 Wrapped Ether tokens, 1024 Wrapped Bitcoin, and $58 million worth of USDC tokens were drained from the Fantom bridge’s Ethereum smart contract. Arcadia Acknowledges Exploit Arcadia Finance acknowledged the exploit on their protocol but has yet to provide further information. The platform informed its users this morning that it had contacted the hacker. We have initiated contact with the attacker. https://t.co/dh74gG90n6 https://t.co/O39Slsc1z5We will continue to work with our security partners, law enforcement, and the broader community to resolve this as best we can. Our number one priority is recovering funds for Arcadia… — Arcadia Finance (@ArcadiaFi) July 10, 2023 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.