DeltaPrime Protocol Attacked on Arbitrum and Avalanche, Resulting in $4.8 Million Loss

According to PeckShield Alert, decentralized finance platform DeltaPrime suffered an attack on the Arbitrum and Avalanche blockchains, resulting in the loss of approximately $4.8 million in crypto assets. Reports indicate that the attacker has funneled around $1.3 million into LFJ (formerly known as Trader Joe) to provide liquidity and engaged in USDC mining on the Stargate platform.  DeltaPrime has officially confirmed the attack on its protocol on both Avalanche and Arbitrum chains, with initial loss estimates reaching $4.75 million. The protocol has been paused on both chains to mitigate risks. DeltaPrime has advised all users to revoke permissions to active contracts to avoid further losses and emphasized that user safety remains the top priority. Further updates will be provided as soon as possible.  

2024-11-13Deep Dive

North Korean Malware Targets macOS Users by Evading Apple Notarization

Researchers at Jamf Threat Labs, specializing in Apple security, stated that the identified applications seem to be experimental. This marks the first time this technique has been observed targeting Apple‘s macOS operating system, although it does not work on the latest macOS versions. The researchers found that Microsoft’s VirusTotal online scanning service flagged these apps as harmless, while in reality, they contain malicious code. Variants of the malware are written in Go and Python and utilize Googles Flutter application framework, an open-source toolkit for building cross-platform applications.  Out of six malicious applications identified, five were signed with developer accounts and temporarily notarized by Apple. The researchers noted that the malware‘s domains and techniques bear strong similarities to those used in other North Korean hacker campaigns. There is evidence suggesting that this malware was signed and even temporarily passed Apple’s notarization process. However, it remains unclear whether the malware has been deployed in any actual attacks or if the attackers are preparing for a new method of distribution. It is likely that this is part of a broader weaponization test.

2024-11-13Deep Dive

Analyzing the Data: Current State of the GameFi Sector

Data Source: Footprint Analytics Games Research Page">Data Source: Footprint Analytics Games Research Page  October saw strong performance in BTC prices, while the market capitalization of gaming tokens remained stable at $21.15 billion, consistent with the previous month. However, key user metrics in the blockchain gaming sector experienced significant changes. Notably, daily active users (DAU) hit a new peak, driven by the rise of Telegram Mini App games. BNB Chain, Polygon, and Ethereum led the market with 22.5%, 18.4%, and 13.6% shares, respectively.  Highlights included Ubisoft‘s launch of its first blockchain game on Oasys and VanEck’s investment in Gunzilla Games, showcasing the growing interest of traditional gaming giants and major crypto funds in blockchain gaming.On-Chain Data  By the end of October, the blockchain gaming ecosystem comprised 3,503 games, with 1,336 remaining active. Out of these, 283 games attracted over 1,000 monthly active users (MAU), representing 8.1% of total games and 21.2% of active games.  • DAU Growth: DAU reached an all-time high of 5.3 million in October, marking an 11.3% increase from September. This growth was primarily driven by Matchains surge in user activity between October 10–13, following the launch of four games in the Telegram ecosystem. This trend reflects the growing impact of Telegram-related

2024-11-13Deep Dive

This Week's Noteworthy Events (Nov 11, 2024–Nov 17, 2024)

Token Unlock Schedule  • Aptos (APT): Approximately 11.31 million tokens will be unlocked on November 11, 06:00 UTC, representing 2.18% of the circulating supply, valued at approximately $128 million.  • Cardano (ADA): Approximately 92.65 million tokens will be unlocked on November 11, 00:00 UTC, representing 0.05% of the circulating supply, valued at approximately $10.8 million.  • io.net (IO): Approximately 2.11 million tokens will be unlocked on November 11, 12:00 UTC, representing 1.75% of the circulating supply, valued at approximately $4.4 million.  • Fusionist (ACE): Approximately 850,000 tokens will be unlocked on November 12, 00:00 UTC, representing 2.09% of the circulating supply, valued at approximately $2 million.  • Polyhedra Network (ZKJ): Approximately 17.22 million tokens will be unlocked on November 14, 00:00 UTC, representing 28.52% of the circulating supply, valued at approximately $19.8 million.  • CYBER (CYBER): Approximately 886,000 tokens will be unlocked on November 13, 18:00 UTC, representing 3.81% of the circulating supply, valued at approximately $3.3 million.  • Starknet (STRK): Approximately 64 million tokens will be unlocked on November 14, 00:00 UTC, representing 3.05% of the circulating supply, valued at approximately $30.3 million.  • Arbitrum (ARB): Approximately 92.65 million tokens will be unlocked on November 16, 13:00 UTC, representing 2.33% of the circulating supply, valued at approximately

2024-11-11Deep Dive

TEAMZ Web3・AI Summit 2025: Bringing Global Leaders to Tokyo

This summit is one of Japans largest international conferences, gathering top global leaders, innovators, investors, and companies in the Web3 and AI industries.  Event Overview  · Date: April 16-17, 2025 (Wednesday-Thursday)  · Time: 10:00 AM - 6:00 PM  · Location: Toranomon Hills International Forum, Tokyo  · Scale: Over 5000 attendees from around the world  · Organizer: TEAMZ, Inc.  Additionally, the summit will attract the following industry participants:  · 120+ Speakers  · 100+ Exhibiting Companies  · 100+ Venture Capital Firms  · 100+ Communities  · 100+ Media Outlets  · 450+ Key Opinion Leaders (KOLs)  More than 5000 Web3 professionals from Japan and abroad are expected to attend, exploring innovation, business opportunities, and technology development.  Summit Purpose  The TEAMZ Web3・AI Summit 2025 aims to discuss the future of business utilizing Web3 and AI technologies, promoting the development of Japan and the global tech industry. The summit will dive into opportunities and societal impacts brought by the next generation of blockchain technology, decentralized systems, and AI, providing a platform for participants to forge new connections.  Participants and Agenda  · Participant Profile: CEOs, executives, technical leaders, developers, VCs, investors, media, and community leaders in the Web3 and AI space will be attending.  · Agenda:  Keynote Speeches: Leading figures in Web3 and AI will give keynote speeches on the future of technology and its impact on

2024-11-07Deep Dive

Trump Elected U.S. President: What’s His Stance on the Crypto Industry?

Washington (AP) – Donald Trump was elected as the 47th President of the United States on Wednesday, marking an extraordinary comeback for the former president who, four years ago, refused to concede defeat, sparked a violent uprising at the U.S. Capitol, faced criminal convictions, and survived two assassination attempts.  Trump secured crucial swing states, including Pennsylvania, North Carolina, and Georgia, garnering enough electoral votes to win. Although some states are still counting ballots, major media outlets have declared Trump the winner.  Donald Trumps stance on cryptocurrency has undergone a significant shift. During his previous presidency, Trump openly criticized Bitcoin and other cryptocurrencies, calling them a “scam” and warning about their potential use in illegal activities.  However, by 2022, Trumps position began to change as he launched his own NFT series. During his presidential campaign, he started accepting cryptocurrency donations, promising to secure the future of cryptocurrencies and Bitcoin in the U.S., rather than allowing them to be driven overseas. Additionally, Trump spoke at the Bitcoin Conference, pledging to make the U.S. a “Bitcoin superpower” and proposing a national Bitcoin strategic reserve.  This shift has attracted widespread attention in the cryptocurrency industry, with many believing it could foster a more favorable regulatory environment for cryptocurrencies

2024-11-07Deep Dive

Slowmist Releases October Web3 Security Incident Report

According to Slowmist, October Web3 security incidents led to an estimated $147 million in total losses, with 28 separate attacks accounting for approximately $129 million, of which $19.3 million was later recovered. These incidents included exit scams, account takeovers, and price manipulation.  Additionally, data from Scam Sniffer reported 12,058 phishing victims in the month, collectively losing $18.04 million.  

2024-11-06Deep Dive

Japan’s Crypto Industry to Launch “Self-Regulation” of Stablecoins

JVCEA‘s role has been formally recognized by Japan’s top financial regulatory body, the Financial Services Agency (FSA). According to Japanese news outlets CoinPost and Nikkei, JVCEA will collaborate with the FSA to handle regulatory-related matters.  The association already oversees Japans crypto exchange industry, addressing issues like token listing agreements. Previously focused on “crypto exchange business and crypto-related derivatives trading firms,” JVCEA will now expand its regulatory scope to include the “electronic payment tools trading industry.”

2024-11-06Deep Dive

Russia Establishes Legal Framework and Standards for Crypto Mining

The Russian government‘s introduction of this framework follows the implementation of a law signed by President Putin in August, just before these rules took effect. This legislation officially designates cryptocurrency mining as a legal activity in Russia, setting safety and operational standards for miners and creating a structure for trading digital financial assets on specially approved platforms. The framework aims to bring clarity and oversight to Russia’s growing crypto industry amid increasing energy demands and concerns over illegal mining activities.  Under the new regulations, only registered organizations and individual entrepreneurs are allowed to legally conduct crypto mining. Russian individuals not formally registered as entrepreneurs can also mine, provided their monthly electricity consumption does not exceed 6,000 kWh. If they exceed this limit, they must register as entrepreneurs to continue their mining activities. This approach ensures smaller, individual mining operations remain viable while imposing stricter requirements on larger, potentially commercial ventures.  The framework also details reporting obligations for miners, requiring them to disclose the total digital currency output and provide transaction address identifiers to the Federal Tax Service (FTS). While these details are accessible only to law enforcement, this ensures oversight while maintaining a degree of privacy. Additionally, miners are required to ensure

2024-11-06Deep Dive

What Impact Will the U.S. Presidential Election Have on the Crypto Industry?

As attention centers on the U.S. election, the influence of this election goes far beyond America‘s borders. Being the world’s largest economy, the elections results set the direction for U.S. policies over the next four years, which will impact global economies, international relations, climate policies, military dynamics, and technological advancements.  For the crypto industry, the election holds significant implications, particularly in areas such as regulatory uncertainty, market sentiment, investor confidence, tax policy changes, financial institutions stances, and the progression of blockchain and crypto technologies. As the election approaches, the crypto market is already positioning itself based on potential outcomes.   WikiBit has outlined the main election-related information and potential market trends.Key Dates  The U.S. presidential election will take place on November 5, 2024. Voting stations open and close at different times across states due to time zone and state regulations, with most stations closing between 7:00 p.m. and 9:00 p.m. Currently, the election is in its voting phase.  According to Reuters, the election results may take days to tally, with the final result expected by noon on November 6. However, complete confirmation may take longer, depending on the closeness of the race and counting progress across states. For instance, due to high numbers of

2024-11-05Deep Dive
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