It’s as miraculous as Aladdin taking off on a magic carpet: in a possible first, some of the users of a decentralized finance protocol were the ones to benefit today from an exploit, turning the concept of a ‘rugpull’ on its head. A colloquialism for when liquidity is drained from a project (often an unscrupulous founder or developer draining the funds themselves), depositors … [Read more...] about Alchemix patches ‘Reverse Rug’ exploit, address $6.5 million shortfall
shortfall
Euro investment bank predicts shortfall in blockchain and tech investment
The European Union is falling behind China and the United States when it comes to blockchain and artificial intelligence investments, according to the European Investment Bank. The EIB said on Tuesday that it anticipates an ongoing investment shortfall of around 10 billion ($12 billion) across both technologies. China and the U.S currently account for 80% of the global $25 … [Read more...] about Euro investment bank predicts shortfall in blockchain and tech investment