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Highlights
- Cashio App has been attacked by an “infinite glitch” exploit. Cashio’s development team took to Twitter on Wednesday to warn customers not to mint any CASH – the platform’s native token.
- Video-game retailer GameStop is going all in into the NFT space after securing two blockchain partnerships in the past two months.
- News of GameStop’s latest partnership with Loopring, initially pushed its price from US$0.84 to US$1.23.
A Solana-based project called Cashio, a decentralized finance (defi) protocol, has been attacked by an “infinite mint glitch” exploit. Cashio’s development team took to Twitter on Wednesday to warn customers not to mint any CASH – the platform’s native token.
In an unofficial post mortem, written by a research partner from Paradigm - Samczsun - claimed Cashio lost an estimated US$50 million.
Cashio also tweeted, saying they believe they found the cause. They also pleaded with customers to withdraw their funds from pool. They also promised they would publish a post mortem as soon as possible.
Altcoin News
Video-game retailer GameStop is going all in into the NFT space after securing two blockchain partnerships in the past two months.
Today, Ethereum-based protocol, Loopring, announced that GameStop’s beta version of its new NFT platform is now live for early sign-ups and fund deposits, with a full launch expected very soon.
In a new blog post, Loopring says that many would-be participants have been put off by the higher fees associated with these NFTs.
As well as Loopring, GameStop has also announced that it will partner with another layer two competing scaling solution - Immutable X, initially creating a US$100 million fund in IMX tokens to provide grants for NFT creators and blockchain developers.
News of GameStop’s latest partnership with Loopring, initially pushed its price from US$0.84 to US$1.23.
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Note: Growth from the 24 hours prior to 12:30pm AEDT
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