Warwick added on Discord that the team has “a backstop multisig that is able to mint in extreme circumstances.” The team used this multi-signature wallet, an address with specific in-protocol permissions that needs a majority of a group of signers to execute transactions, to mint tokens and sell them for ETH, rendering sILV worthless, as there is no ETH to swap the sILV … [Read more...] about Illuvium Team Drains sILV Uniswap Pool in Bid to Prevent Exploit Cash-Out
Prevent
55% of Aave’s Community Votes for ‘Business License’ to Prevent Forks
A governance proposal floated by the Aave community centered around the platform’s code licensing ended on Tuesday, with 55% voting for the ecosystem to apply for a ‘business license.’“This vote is essentially a signal on whether or not the Aave community wants to protect its Intellectual Property from unauthorized use, or simply allow anyone to use the code in any way they … [Read more...] about 55% of Aave’s Community Votes for ‘Business License’ to Prevent Forks
Bitmart seeks restraining order to prevent hackers from selling fake BSV
The owner of crypto exchange Bitmart has filed a bid for pre-arbitration injunctive relief to prevent Chinese hackers from making illicit transfers using fraudulent Bitcoin SV (BSV) on its platform. According to a July 26 report, GBM Global Holdings, Bitmart’s owner, filed its bid with a New York federal judge despite the fraudulent activities largely taking place out of state. … [Read more...] about Bitmart seeks restraining order to prevent hackers from selling fake BSV
Privacy-preserving computation on blockchains could prevent breaches
In the 19th century, the barons of American industries rose to prominence by leveraging their hold on tangible resources like oil and steel. Today, corporate titans seek to attain even greater heights of wealth by gathering consumer data. But now, like then, the benefits of accumulating such resources come paired with a significant business risk: spillage.Like oil spills, data … [Read more...] about Privacy-preserving computation on blockchains could prevent breaches
Aussie state government blockchain platform may prevent a tower block inferno
Big Four accounting firm KPMG has partnered with Australian property developers Mirvac to develop a blockchain-based platform to track the provenance of buildings. The platform was commissioned by the New South Wales state government.Taking inspiration from supply chain initiatives to track beef products using blockchain, the platform will allow property insurers, investors, … [Read more...] about Aussie state government blockchain platform may prevent a tower block inferno