Ethena Labs, a leading decentralized finance (DeFi) provider known for its synthetic dollar operations, experienced a major security breach on September 18. Hackers compromised the front end of Ethena's website, prompting an immediate response from the company.

Ethena Labs, the organization responsible for the decentralized synthetic dollar protocol, has suspended its website activities after a security breach on its domain registrar's account. To avert further harm, the company posted a notice on X (previously Twitter) and instructed users not to engage with any site or application that purports to be the Ethena

Hackers attacked synthetic dollar issuer Ethena, but the protocol said its core blockchain infrastructure remained uncompromised. On Sept. 18, bad actors successfully breached the website of decentralized finance service provider Ethena Labs (ENA).

Web3 security platform Blockaid recently detected a potential front-end attack targeted towards Ethena Labs. Reportedly, the attackers used the latest version of Inferno drainer in this attack.

The Ethena website appears to have suffered a front-end attack, and users are encouraged not to interact with the platform.

The project noted the protocol itself is unaffected, but users should avoid “any site or application purporting to be the Ethena frontend."

Ethena Labs' frontend attack highlights the critical need for robust security measures to protect user interactions and maintain trust in DeFi platforms. The post Ethena Labs suffers frontend attack, confirms protocol remains unaffected appeared first on Crypto Briefing.

10% of the FIRO supply will be allocated for community funding, while 5% will be designated for miners.

Crypto exchange colossus Binance on Thursday issued a vital announcement on Firo, a privacy-focused digital cash project. The exchange revealed that it is extending support to the coin's hard fork and network upgrade ahead, garnering noteworthy attention to the token formerly known as Zcoin.

SuperVerse's token, SUPER, surged over 17% in the past day, driven by the upcoming launch of a new Web3 action game on its platform.

Explore five innovative AI tokens transforming the crypto space. This article provides insight into unique crypto tokens backed by advanced AI technology that every investor should know about.

The alternative stablecoin market is evolving, and projects like Ethena are leading the way, with a total value locked of $2.7 billion.

IOTA Foundation drives blockchain innovation in Europe with strategic partnerships and adherence to EU regulations, positioning itself as a leader in Web3 and sustainable DLT applications.

BeInCrypto's comprehensive Europe Crypto Roundup covers the latest news and trends shaping the continent's crypto landscape. With reporters across key markets like Germany, France, and the UK, we provide in-depth insights into evolving regulatory environment, adoption rates, major industry events, and market movements.

Based on the latest data, Ethena's yield-generating stablecoin, USDE, has experienced a dramatic contraction in supply since July 4, 2024. Over the span of less than two months, its market capitalization has decreased by $770 million. Ethena's USDE Supply Plummets as Competition Heats Up From Aug. 23 to Aug.

Ethena whales have dumped a notable 22 million ENA, worth $6.9 million, to Binance.

According to the announcement, the wallet will support both cryptocurrencies and non-fungible tokens (NFTs).

South Korean internet giant ventures into crypto with a non-custodial digital asset wallet.

The cryptocurrency space maintains sideways actions as Bitcoin sways above and below the $60,000 mark. Amidst the volatility, four Ethena (ENA) whales unstaked and deposited 15.86 million coins (worth over $4 million). The transaction, which happened through Binance exchange over the past 24 hours, saw the whales encountering losses of over $5 million.

South Korean technology giant Naver has announced the launch of its first-ever cryptocurrency wallet, Naver Pay Wallet, in collaboration with the sports-centric blockchain platform Chiliz.

South Korean tech giant Naver launches a non-custodial crypto wallet, Naver Pay Wallet, in partnership with Chiliz blockchain, offering cryptocurrency and NFT storage to its 33 million users

South Korean internet search giant Naver is launching a non-custodial crypto wallet, adding the Chiliz blockchain as its first.

Renzo expands its liquid restaking protocol to Solana with the launch of its REZ governance token, aiming to revitalize its platform through strategic partnerships and new liquidity incentives.

REZ's initial liquidity will be provided on Solana's major AMMS, and the token will be integrated with the blockchain's lending protocols.

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New collaborations and innovative solutions for the digital future of the European Union

IOTA completes the final phase of the European Blockchain PCP, setting the stage for scalable, sustainable and secure blockchain infrastructure across the European Union.

Token unlock involves releasing tokens that were previously blocked under fundraising terms. Projects carefully schedule these releases to avoid market pressure and prevent a drop in token prices.

TL;DR Innovative Staking Solution: Renzo (REZ) offers a liquid restaking token (LRT) that bridges the gap to the EigenLayer ecosystem, providing better returns than standard ETH staking and streamlining the staking process for users.

As an increasing number of layer-2 chains compete today for user attention and liquidity, developer efforts are ramping up around “chain abstraction,” a broad term used to describe a seamless cross-chain user experience across all chains.

IOTA successfully concludes the European Blockchain PCP, developing scalable and sustainable blockchain solutions for Europe.

Data from Token Unlocks revealed that four major token unlocks were scheduled for August between the 19th and the 25th. According to Token Unlocks, 54 million PIXEL and 9.54 million AVAX would be released on August 19, while 18.94 million ID and 14.89 million ENA would be released on August 22 and August 25, respectively.

It was a sea of red in the cryptocurrency market on Aug. 16 as Bitcoin dropped below the key support level of $58,000. Most altcoins were deep in the red, remaining in a bear market.

Renzo, a prominent Ethereum-based liquid restaking protocol, has officially expanded into the Solana network. On August 14, Renzo announced the launch of ezSOL, a liquid restaking token (LRT) designed to enhance staking rewards and liquidity within Solana's ecosystem.

A look at the movement of 10,000 Silk Road bitcoin, Renzo entering Solana liquid restaking, Schumer speaking at a Crypto4Harris and more.

Renzo Protocol is expanding its liquid restaking expertise to the Jito ecosystem on Solana. According to an announcement on Aug. 14, Protocol revealed it was launching ezSOL, the first liquid restaking token on Solana (SOL).

TL;DR Renzo, an Ethereum-based liquid restaking protocol, will launch ezSOL, its first liquid restaking token on Solana, through a collaboration with the Jito Foundation. ezSOL will allow users to earn additional rewards using JitoSOL as the underlying asset, leveraging Jito's MEV-enhanced validator network.

Renzo has partnered with the Jito Foundation to enter the Solana liquid restaking space. It is set to launch ezSOL on Jito.

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Chiliz, the leading blockchain platform dedicated to sports, has announced a groundbreaking partnership with KAYEN Protocol, a community-driven DeFi ecosystem. This collaboration aims at integrating advanced decentralized finance (DeFi) features into the Chiliz ecosystem, enhancing user engagement and expanding the functionalities of the sports blockchain platform.

Cryptocurrency prices held steady on Wednesday as a sense of calm returned in the market after the encouraging US Producer Price Index (PPI) report. Bitcoin, the biggest crypto in the industry, crossed the important resistance point at $60,000 while the market cap of all tokens jumped to over $2.14 trillion.

With the BTC price hovering close to its $59,000 mark, the crypto market has displayed stability in the buying and selling pressure. This indicates a high possibility of a bullish rebound in the coming time.

The crypto space, particularly the crypto gaming landscape, has experienced a bit of a lull over the past few months. Since the brief gaming run from February to April, the momentum has cooled off .

The Berlin-based IOTA Foundation launched a new platform designed to streamline music intellectual property rights (IPR) management, simplifying the complex process of securing and distributing royalties.

The IOTA Foundation is making news in the intellectual property rights sector with its latest innovation aimed at transforming how music rights are managed in the film industry. Leveraging distributed ledger technology, IOTA has unveiled a new platform designed to streamline and simplify the complex process of securing and managing music rights for films.

IOTA Foundation introduces a prototype to streamline intellectual property rights management using blockchain technology and smart contracts.

IOTA has introduced a new blockchain-based tool aimed at simplifying music rights management in the film industry.