Press Release
Analyzing More Recent Notorious Crypto Hacks
Dubai, UAE, 12th July 2024, In the 15-year history of the cryptocurrency sector, many corrupt individuals have tried to find and exploit vulnerabilities in exchanges, bridges, and other platforms. The outcome is some of the most infamous hacks in the industry’s past. Let’s analyze a few more recent incidents and determine what valuable lessons the crypto community can learn from them.
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Poly Network
The exploit of the Poly Network, a cross-chain interoperability protocol, took place in August 2021. It led to the theft of $610 million, marking one of the most daring cyber attacks in the cryptocurrency space.
After locating vulnerabilities in Poly Network’s smart contracts, an attacker found a way to access multiple wallets and successfully freed them from assets, transferring them to three wallets on various networks. Having discovered a leak of funds, the Poly team asked exchanges and miners to monitor the stolen tokens’ movements and appealed for the hacker’s transactions to be halted. Tether took action by freezing $33 million worth of USDT. In a public message on Twitter, the Poly team expressed their desire to initiate a dialogue with the hackers and encouraged them to return the stolen tokens. Less than 24 hours later, an unidentified individual (proclaiming to be the hacker) voiced willingness to return the funds. The identity of this hacker remains unknown.
Gradually, after days of a back-and-forth with the attacker, the Poly team announced the total return of stolen assets. While few believed that the hacker wanted to showcase vulnerabilities in such a big and trusted platform as Poly Network, the majority of the public was confident that the hacker gave back the funds only because it was difficult to launder and cash out the money due to the public record of the coins on the blockchain and the overall community’s outrage. Interestingly, at a certain point, the hacker was offered a $500,000 “bug bounty” and the company’s chief security advisor role but decided to decline.
Following the breach, the special bounty program was still initiated, aspiring to encourage researchers to find and responsibly disclose any other vulnerabilities in its software. However, this measure proved inadequate as, regrettably, this was not the last security breach for Poly Network. In the summer of 2023, it fell victim to another significant hack, with the intruder finding one more flaw in the project’s smart contracts. They minted multiple tokens estimated to be worth $43 billion but, fortunately, could only withdraw approximately $10 million due to limited liquidity. Those two breaches underscored the significance of conducting comprehensive code audits again, particularly for large-scale and high-profile projects like Poly Network.
Multichain
Multichain’s exploit is another of the most notorious hacking incidents in recent memory, resulting in the platform’s rapid decline and shutdown. On July 7, 2023, a cross-chain interoperability protocol Multichain lost $126 million, with the majority of funds, approximately $120 million, taken from the Fantom bridge. The details of how the hack occurred still have not been disclosed.
The criminal took advantage of the system and stole various assets, including wrapped Ether, wrapped Bitcoin, and USDC. They also targeted the Dogecoin bridge, taking $666,000 and causing an 85% decrease in total deposits. Finally, the Moon River bridge lost $6.8 million, including USDC and Tether, to this theft. Unfortunately, the MPC node servers were being used under Multichain’s CEO Zhaojun’s cloud server account, thus making logging in impossible for other team members. The Multichain team ceased operations one week after experiencing a hack, as they could not access the platform and assess the situation more thoroughly.
A year has passed, and the situation has not become clearer. Users are still facing difficulties in obtaining information or reaching their assets. This breach served as a reminder to the community that even widely used and reliable projects can have underlying security issues, neglect basic safety rules, and even lie about the practices present within the project.
Conclusion
The digital currency sector has faced multiple high-profile cyber assaults that have influenced the cryptocurrency market immensely, harming people’s belief in the security of crypto products and the overall potential of the industry. However, they have also motivated crypto projects to examine their safety measures, implement more efficient approaches, and create new, more sophisticated ways to shield against future threats.
Kinetex Network: Website | Kinetex dApp | Blog
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
London, UK – Blue17 Vintage Clothing is proud to announce its 30th anniversary, marking three decades of serving vintage fashion enthusiasts from its iconic location at 162 Holloway Road, London, N7 8DD. Since opening its doors on 21 December 1994, Blue17 has become a beloved fixture in the community, blending timeless style with a commitment to sustainability.
Over the past 30 years, Blue17 has weathered changes in the fashion industry and the dynamic transformation of the Holloway Road area. What began as a small vintage store has become a haven for those seeking unique, high-quality garments with a story. The store remains dedicated to curating clothing that transcends trends while embracing sustainable shopping practices—a vision that resonates now more than ever.
“Our journey has been about more than just fashion; it’s about community and creativity,” said John Scott, Founder of 21st Century Retro Ltd /Blue17 vintage clothing. “As we reflect on the last 30 years, we’re incredibly grateful to our customers, staff, and the Holloway Road neighborhood for making Blue17 what it is today. This milestone celebrates all of us.”
What to Expect in 2025
As part of its anniversary celebration, Blue17 Vintage Clothing is hosting a series of exciting initiatives:
- Exclusive Anniversary Collection: A handpicked selection of the best vintage pieces from the past three decades.
- Customer Appreciation Campaign: Special discounts and giveaways to thank loyal patrons.
Why It Matters
In a fast-fashion world, Blue17 Vintage Clothing is a testament to the enduring appeal of sustainable and meaningful fashion. Each piece sold at Blue17 carries a history, offering customers a chance to express themselves while making eco-conscious choices. The store’s evolution mirrors the changing tides of Holloway Road, from its eclectic roots to its vibrant present.
Call to Action
Blue17 invites everyone—long-time customers, new visitors, and vintage fashion lovers alike—to join the celebration. Visit the 162 Holloway Road, London, N7 8DD store, explore the exclusive anniversary collection, and share in the journey that has made Blue17 a community cornerstone.
Contact Information
For more details about the 30th-anniversary celebration, please contact:
Email: info@blue17.co.uk
Website: blue17.co.uk@gmail.com
Contact Details: 0207 700 2354
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
Spotlight Athletic Development Launches Premier Training Programs for Junior High and High School Athletes in Sherwood Park and Edmonton Area
Sherwood Park, Alberta, Canada — Spotlight Athletic Development, a leading name in personalized and group training, has announced its specialized programs designed to empower junior high and high school athletes in the Sherwood Park and Edmonton area. Offering a range of services including personal training, group training, weightlifting, and volleyball-focused athletic training, the facility is committed to helping young athletes achieve their full potential.
With its state-of-the-art location at 135-3001 Buckingham Drive, Sherwood Park, Alberta, Spotlight Athletic Development provides a supportive and dynamic environment for athletic growth. Founded on the principle of tailored coaching, the training programs address individual needs and group dynamics to build strength, agility, and confidence in young athletes.
A Holistic Approach to Athletic Training
“At Spotlight Athletic Development, we understand the unique physical and mental demands placed on athletes, particularly during their formative years,” said Jonah Karsten, founder and lead trainer. “Our mission is to equip young athletes with the tools they need to excel in their sport and beyond through cutting-edge techniques and personalized attention.”
Spotlight Athletic Development offers specialized programs designed to cater to a variety of needs:
- Personal Training: One-on-one sessions tailored to each athlete’s strengths, weaknesses, and goals.
- Group Training: Small group training sessions fostering teamwork, camaraderie, and competition.
- Weightlifting: Professional guidance to enhance strength, power, and endurance safely.
- Volleyball Training: Expert coaching to improve volleyball-specific skills, coordination, and game strategy.
Targeting Athletes in Sherwood Park and the Edmonton Area
The programs are ideal for junior high and high school athletes in Sherwood Park and the greater Edmonton area. By focusing on this demographic, Spotlight Athletic Development seeks to fill a critical gap in youth athletic training, providing resources that prepare athletes for success in competitive sports and personal fitness.
“Spotlight Athletic Development isn’t just about creating better athletes—it’s about fostering personal growth, confidence, and discipline,” added Jonah Karsten.
A Hub for Volleyball Training in Sherwood Park
One of Spotlight Athletic Development’s standout offerings is its specialized volleyball training program. Designed for players looking to sharpen their skills on the court, the program focuses on technical development, agility, and strategic thinking. From beginners to advanced athletes, the volleyball training curriculum ensures that every participant receives the attention needed to elevate their game.
Why Choose Spotlight Athletic Development?
Spotlight Athletic Development stands out for its commitment to:
- Customized Training: Programs are tailored to the unique needs of each athlete.
- Experienced Coaches: Trainers bring years of expertise in sports performance and youth development.
- Community Focus: As a local business, the facility is dedicated to the success of Sherwood Park and Edmonton’s young athletes.
- State-of-the-Art Facility: The training center is equipped with top-tier equipment and a safe, welcoming atmosphere for athletes of all levels.
Book Your Training Session Today
Athletes and parents interested in enhancing their athletic skills can contact Spotlight Athletic Development at 780-720-3917 or email info@spotlightathleticdevelopment.com. Visit their website at spotlightathleticdevelopment.com to learn more about available programs and book a consultation.
Whether you’re looking to gain a competitive edge on the court, improve overall fitness, or build strength and endurance, Spotlight Athletic Development is the go-to destination for athletic training in Sherwood Park and the Edmonton area.
About Spotlight Athletic Development
Spotlight Athletic Development is a premier training facility specializing in personal training, group training, weightlifting, and volleyball-specific athletic training. Located in Sherwood Park, Alberta, the facility is committed to empowering junior high and high school athletes to excel in sports and life.
Media Contact:
Jonah Karsten
Founder, Spotlight Athletic Development
Phone: 780-720-3917
Email: info@spotlightathleticdevelopment.com
Address: 135-3001 Buckingham Drive, Sherwood Park, Alberta, Canada
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
In 2025, Sends customers will be able to use a virtual debit card for online payments. A virtual card functions like a regular payment card, with one key difference: it does not have a physical form.
Sends expands the functionality, allowing users to generate virtual cards in the system. Virtual cards are designed for all online payments and are particularly suitable for subscription services like Spotify, Netflix, and other entertainment platforms. They can be used to pay for car rentals, hotels, and transportation. You can also make purchases online and through apps. The cards are issued in collaboration with Mastercard.
Sends cards are linked to the user’s account and include a 16-digit card number, expiration date, and CVV. In addition to the card details, the user has an IBAN and can easily share bank account details with others.
There are plans to connect Sends cards to online wallets and enable payments using mobile services like Google Pay and Apple Pay. The implementation of this feature is scheduled for launch by the end of 2025 or possibly next year.
Shop online with confidence, knowing your security is protected. Physical cards can be misplaced, so be careful when using them. However, with the Sends application, you can easily lock your card anytime.
To get more details, keep in touch with Sends on social media: LinkedIn, and Instagram.
In December, Sends launched a special promotion for businesses, offering a unique opportunity to access their service for free. For more details, visit the promotion page. Activate your Business account by December 31, 2024, and receive three months of free subscription.
*Sends is a trade name of SMARTFLOW PAYMENTS LIMITED.
SMARTFLOW PAYMENTS LIMITED is registered in England and Wales
Company number 11070048.
Contact:
Anastasiia Pervushyna
Address: Office 39.18, Level39, One Canada Square, London, England, E14 5AB
Marketing Department contacts: pr@sends.co
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Blue17 Vintage Clothing Celebrates 30 Years of Style and Sustainability
Spotlight Athletic Development Launches Premier Training Programs for Junior High and High School Athletes in Sherwood Park and Edmonton Area
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