Daily Archives: 31/05/2021

Hackers withdrew $ 7.2 million worth of crypto assets from DeFi BurgerSwap protocol

Another major DeFi protocol powered by the Binance Smart Chain has been hacked. Hackers withdrew about $ 7.2 million from the BurgerSwap protocol using a quick credit attack. According to a statement from the BurgerSwap developers on Twitter, the protocol was attacked using fast credits – a fairly popular method among hackers to extract cryptoassets from DeFi protocols. In a statement, the developers of BurgerSwap claim that they will try to reimburse users for all…

Dubai Administration reported a fraudulent project Dubai Coin

Dubai authorities and local media have warned investors about a fraudulent cryptocurrency project called “Dubai Coin”, which is allegedly launched as “the official digital currency of Dubai.” Dubai positions itself as a region that creates favorable conditions for the development of blockchain and cryptocurrencies, therefore it does not lack promising projects. On the other hand, the abundance of cryptocurrency startups makes it difficult for inexperienced investors to distinguish reliable firms from scams. Recently, the Dubai…