Ethereum News Daily Official TheBitTimes.com

A viral post on X earned hundreds of thousands of impressions with the allegation that BullX, a multi-blockchain cryptocurrency exchange, “called it quits.” A critic claimed its CEO deleted his Telegram account, underpaid influencers for referrals, and delayed withdrawal requests. BullX is a trading system that allows users to execute trades across several so-called decentralized exchanges (DEXs). BullX emphasizes Solana DEXs but supports several other blockchains and layer 2s. Certain facts are true. BullX has not posted anything on its X account since February 9. There is also contention by several influencers within the X thread about referral payouts. However, the CEO responded to the viral tweet, indicating that he is continuing to respond on social media. Moreover, and although claims about underpayment for referrals continue, the exchange seems to be fully operational. A dashboard of BullX volume shows tens of millions of dollars in continued trading activity ov...

Stars Arena was hacked for roughly $3 million worth of AVAX tokens, with the hacker reportedly sending the funds to the Fixed Float crypto exchange. Avalanche-based Web3 social media app Stars Arena announced that it has secured the funding to cover the $3 million hole left by an exploit on Oct. 6. The team also added that it will re-open the smart contract once a full security audit has occurred. In an announcement on X, the Stars Arena team noted: “We have secured the resources to close the gap caused by the exploit. Additionally, a special white hat development team is coming in to rapidly review the security of the platform.” Important news: we have secured the resources to close the gap caused by the exploit. Additionally, a special white hat development team is coming in to rapidly review the security of the platform. We will re-open the contract with all the funds in full after a full security… — Stars Arena (@starsarenacom) October 7, 2023 Stars Arena initially confirm...

StarsArena announced that attackers were draining funds through a loophole, but the contract has been patched to prevent further damage. The StarsArena Web3 app on Avalanche has lost some of its funds due to a malicious attack, according to social media reports on October 5.  StarsArena user Lilitch.eth discovered the exploit and announced it on X, formerly known as Twitter. Lilitch.eth claimed over $1 million was lost in the attack. The StarsArena team confirmed the attack, calling it a “war” against the app. They said the attack only resulted in approximately $2,000 in losses and the exploit has now been patched. THE EXPLOIT HAS BEEN FIXED. BUT DON’T GET THIS WRONG WE ARE AT WAR. We’re being targeted by malicious actors in the space that want to steal your money. The little guy is under attack. You are under attack. Your right to platform diversity is under attack. Don’t get it… pic.twitter.com/DmbMdf9cAq — Stars Arena (@starsarenacom) October 5, 2023 StarsArena is a Web3 s...

Friend.tech warned users who choose to jump ship to “forks and copies” will see their existing points forfeited. Crypto’s newest decentralized social media (DeSo) app friend.tech has been met with intense criticism over a decision to punish users who opt in to forks or copycat versions of its tokenized social media platform.  “To make sure loyal users are rewarded fairly during our beta, users moving to forks and copies will automatically opt out of earning Points and forfeit existing points,” wrote the official friend.tech X account in an Aug. 28 tweet. We expect @friendtech clones and other types of copies will emerge. To make sure loyal users are rewarded fairly during our beta, users moving to forks and copies will automatically opt out of earning Points and forfeit existing points. They will be able to use the app normally pic.twitter.com/C1rTEQQr17 — friend.tech (@friendtech) August 28, 2023 While Friend.tech did not make mention to any specific competitors, and number of X ...