Daily Archives: 05/01/2022

Public testing of a mobile digital yuan wallet has begun in China.

The developers of the digital yuan wallet have released a pilot version of a mobile application for working with e-CNY. The app is available for both iOS and Android users. According to a local publication BlockBeats, some Chinese residents may “open and manage” a digital yuan wallet. The mobile wallet also supports e-CNY exchange and forwarding functions. The application was developed by the Digital Currency Research Institute at the People’s Bank of China. However, not…

DeFi Tinyman Project Lost $ 3 Million Crypto Assets As A Result Of Cyberattack

The developers of the DeFi project Tinyman reported that hackers took advantage of a previously unknown vulnerability in a smart contract designed to burn tokens and withdrew $ 3 million worth of crypto assets. According to a blog post on the project, the hackers created and activated wallet addresses, after which they made a test deposit for the subsequent hacking of the protocol. The attackers then conducted transactions with the target pools, exchanged part of…