EUR/USD 1.16054
-0.100%
Gold 4508.22
-0.767%
Oil 95.267
-1.973%
USD/JPY 159.162
0.116%
GBP/USD 1.34395
0.066%
GBP/JPY 213.893
0.184%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
The Pakistan Army stated that the negotiations over the past 24 hours have made encouraging progress and taken an important step toward reaching a final agreement.On May 23, the Financial Times reported that mediators believe the US and Iran are close to reaching an agreement to extend the ceasefire by 60 days and lay the foundation for discussions on Irans nuclear program. According to senior sources familiar with the negotiations, the agreement would include a phased reopening of the Strait of Hormuz and a commitment to consult on the dilution or transfer of Irans highly enriched uranium stockpiles. The US would also ease its blockade of Iranian ports, agree to sanctions waivers, and phase out the freezing of Tehrans assets held overseas. A diplomat familiar with the negotiations stated, "The agreement seems to be moving in the right direction. It has been submitted to the US for review, and Iran is likely prepared to make further concessions on the nuclear issue." These signs of progress are attributed to a series of key meetings held by negotiators from Pakistan and Qatar with their Iranian counterparts on Thursday and Friday.On May 23, Iranian Foreign Ministry spokesman Baghae stated that the core purpose of Pakistani Army Chief of Staff Munirs visit to Iran was to convey and exchange specific information between Iran and the United States. He said, "At this stage, all our core focus is on ending this war of imposition." Baghae indicated that the two sides have held several rounds of intensive exchanges of views on different clauses in the proposal. They have also conducted in-depth discussions on issues where they have serious disagreements. Given the consistently contradictory stance of the United States, Iran cannot currently assert that this negotiation process will undergo a fundamental change. He said, "Our views have indeed converged somewhat, but this does not mean an agreement has been reached; it merely allows us to explore a possible solution."On May 23, an Iranian Foreign Ministry spokesperson stated that the current mediation process with the United States is "time-consuming and laborious" because the USs hostility dates back decades. "We discussed some key points and wording where disagreements remain, and made suggestions, some of which are still under review, with all parties expressing their opinions," the Islamic Republic News Agency quoted Bagae as saying. Bagae also thanked Pakistan for its mediation efforts.Iranian Foreign Ministry Spokesperson: We are currently focused on finalizing the memorandum of understanding with the United States. Over the past week, the two sides have been getting closer, and we must wait and see what happens in the next three or four days.

Over $2B Lost in 13 Separate Crypto Bridge Hacks This Year

Skylar Shaw

Aug 04, 2022 14:50

微信截图_20220804144258.png


This week, blockchain analytics company Chainalysis published a research in which it identified cross-chain bridge protocol flaws as the greatest security threat.


In 13 different incidents this year, the company believes that $2 billion in crypto assets have been taken from bridges. Attacks on cross-chain bridges are responsible for 69% of the total cash taken this year, it said.


A bridge is a piece of software, often composed of smart contracts, that enables the movement of tokens across networks, such as Ethereum (ETH) and Avalanche (AVAX). Despite Ethereum's ERC-20 being the de facto industry standard, each blockchain ecosystem has its own token standard.

A Strait Too Far

The claim comes in the wake of this week's Nomad bridge attack, which cost the protocol's whole $190 million in collateral.


The research also said that as more value passes across these bridges, hackers grow more drawn to them. Additionally, it claimed that North Korean hacker gangs had been responsible for half of the money stolen so far this year by attacking bridges and decentralized finance (DeFi) protocols.


Because they often house the cash that support the bridged tokens on the destination chain, bridges are valuable targets for cybercriminals. The aim is that the money become a central storage location, regardless of whether they are kept in a smart contract or by a centralized custodian.


Furthermore, since bridges are mostly experimental and the technology hasn't had a chance to develop, weaknesses and fresh attack routes may be found.


The Ronin bridge was the target of the greatest bridge hack to history, which netted $615 million in March. Users may move Axie Infinity (AXS) Metaverse game assets across other blockchains using Ronin. The Solana (SOL) Wormhole bridge generated $325 million in revenue in February.


Crypto platforms have been asked to go through stringent auditing procedures in order to safeguard themselves. However, even audited smart contracts are vulnerable to attack, as was the case with Web3 music streaming service Audius, which suffered a breach in July and lost $6 million.


The Solana ecosystem saw another blow this week, despite not being a bridge assault, when up to 8,000 wallets were compromised for more than $8 million.

Unfazed by the crypto market

Crypto markets would fall in prior years due to hacks and vulnerabilities that cost millions of dollars. They don't seem concerned this week, however.


The whole market value has increased by 2% for the day to $1.12 trillion. Markets are still range-bound, however, since resistance is too powerful to break through.


While Ethereum was trading 2.7 percent higher this morning at $1,654 at the time of writing, Bitcoin (BTC) had risen a meager 1.5 percent to $23,146.

Suggestion