TRON is a layer-1 blockchain utilizing a delegated proof of stake consensus mechanism. Its eco-friendly network, low fees, and easy to use developer tools have allowed it to attain a massive amount of user growth and innovative projects.
Dave Uhryniak is the Director of Ecosystem Development at TRON DAO. He rejoined the Bitcoin.com News Podcast to talk about the TRON Grand Hackathon 2022 Season 3 and the upcoming Hacker House event:
Dave joined the TRON DAO in January 2022 and has become a highly visible part of the team that drives global expansion as they identify key opportunities across the blockchain industry and ensure the TRON ecosystem is positioned to thrive.
Involved in blockchain since 2016, Dave has provided strategic guidance for global payment companies and insurance companies, among others. He has led the successful development of multiple use cases in financial services, healthcare, and supply chain. He continually finds unique and creative ways to apply emerging technologies to enable corporations to achieve their strategic goals.
Dave began his career as an equity research analyst at a leading U.S. mutual fund company, where he conducted thorough bottom-up analysis of global and regional financial service companies. Dave has often been quoted in leading media outlets, including the Wall Street Journal, Forbes, Bloomberg, and other publications.
Dave is a Certified Blockchain Solution Architect, holds an MBA from Carnegie Mellon University Tepper School, and a BA from Westminster College (PA).
To learn more about the TRON network, check the latest developments on Trondao.org, Telegram, Discord, Reddit, GitHub, and Twitter.
Apply to join the Hackathon at Trondao.org!
The Bitcoin.com News podcast features interviews with the most interesting leaders, founders and investors in the world of Cryptocurrency, Decentralized Finance (DeFi), NFTs and the Metaverse. Follow us on iTunes, Spotify and Google Play.
This is a sponsored podcast. Learn how to reach our audience here. Read disclaimer below.
Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Oman to Incorporate Real Estate Tokenization in Virtual Assets Regulatory Framework
Real estate tokenization is set to be incorporated into Oman Capital Markets Authority (OCMA)'s virtual asset regulatory framework. According to an advisor with the authority, the tokenizing of real estate will open investment opportunities for local and foreign investors. Real ... read more.
TRON is a layer-1 blockchain utilizing a delegated proof of stake consensus mechanism. Its eco-friendly network, low fees, and easy to use developer tools have allowed it to attain a massive amount of user growth and innovative projects.
Dave Uhryniak is the Director of Ecosystem Development at TRON DAO. He rejoined the Bitcoin.com News Podcast to talk about the TRON Grand Hackathon 2022 Season 3 and the upcoming Hacker House event:
Dave joined the TRON DAO in January 2022 and has become a highly visible part of the team that drives global expansion as they identify key opportunities across the blockchain industry and ensure the TRON ecosystem is positioned to thrive.
Involved in blockchain since 2016, Dave has provided strategic guidance for global payment companies and insurance companies, among others. He has led the successful development of multiple use cases in financial services, healthcare, and supply chain. He continually finds unique and creative ways to apply emerging technologies to enable corporations to achieve their strategic goals.
Dave began his career as an equity research analyst at a leading U.S. mutual fund company, where he conducted thorough bottom-up analysis of global and regional financial service companies. Dave has often been quoted in leading media outlets, including the Wall Street Journal, Forbes, Bloomberg, and other publications.
Dave is a Certified Blockchain Solution Architect, holds an MBA from Carnegie Mellon University Tepper School, and a BA from Westminster College (PA).
To learn more about the TRON network, check the latest developments on Trondao.org, Telegram, Discord, Reddit, GitHub, and Twitter.
Apply to join the Hackathon at Trondao.org!
The Bitcoin.com News podcast features interviews with the most interesting leaders, founders and investors in the world of Cryptocurrency, Decentralized Finance (DeFi), NFTs and the Metaverse. Follow us on iTunes, Spotify and Google Play.
This is a sponsored podcast. Learn how to reach our audience here. Read disclaimer below.
Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Oman to Incorporate Real Estate Tokenization in Virtual Assets Regulatory Framework
Real estate tokenization is set to be incorporated into Oman Capital Markets Authority (OCMA)'s virtual asset regulatory framework. According to an advisor with the authority, the tokenizing of real estate will open investment opportunities for local and foreign investors. Real ... read more.
Moola, a decentralized finance (defi) lending and borrowing platform, was recently exploited for $8.4 million in what has been described as an “incredibly simple attack.” Moola responded to the attack by pausing all activity on the platform. The defi platform also told the attacker(s) it was willing to negotiate a “bounty payment in exchange for returning the funds within the next 24 hours,” and Moola Market has since claimed that “93.1% of funds have been returned to the Moola governance multi-sig.”
The decentralized finance (defi) lending platform Moola has become the latest such platform to be breached and digital assets worth $8.4 million were siphoned in what has been described as “an incredibly simple attack.” According to a Twitter user named Igor Igamberdiev, the digital assets that the attacker made off with include 8.8 million CELO ($6.5 million) and 1.8 MOO ($0.6 million) tokens as well as euro and dollar stablecoins valued at $1.3 million.
1/3
Today @Moola_Market has been exploited for $8.4M:
– 8.8M CELO ($6.5M)
– 765k cEUR ($0.7M)
– 1.8M MOO ($0.6M)
– 644k cUSD ($0.6M)
It was an incredibly simple attack? pic.twitter.com/mSRNaMBwQi
— Igor Igamberdiev (@FrankResearcher) October 18, 2022
Explaining how the incident went down, Igamberdiev revealed the attacker initiated the process with 243,000 CELO tokens obtained from Binance. Next, the attacker “lent 60k CELO to Moola and borrowed 1.8M MOO to use them as collateral.” Now left with a little over 180,000 CELO tokens, the attacker(s) then began using these to pump the MOO price as well as “use it as collateral and borrow all other tokens.”
Next, after offers for negotiation, the attacker(s) returned funds to the defi platform’s multi-sig and in the end, they “got 700k CELO as a bug bounty.” Igamberdiev added that the attackers had “already tried to move 50k of them to the multi-sig created by Impact Market.”
Moola Was Willing to Negotiate
Following the attack, Moola Market issued a statement acknowledging the attack and its willingness “to negotiate a bounty payment in exchange for returning the funds within the next 24 hours.” In addition to pausing all activity on Moola, the defi platform told the attacker that contact had been made with law enforcement and that steps have been taken to make it difficult for the attackers to liquidate the tokens.
Following today's incident, 93.1% of funds have been returned to the Moola governance multi-sig. We have continued to pause all activity on Moola, and will follow up with the community about next steps, and to safely restart operations of the Moola protocol.
— Moola Market ? (@Moola_Market) October 19, 2022
In a tweet, the defi platform also claimed that over 93% of the funds had already been returned to its governance multi-sig and that the community will be informed of the next steps.
Meanwhile, in a response to Igamberdiev’s tweet, another user named Marco $Pact claimed that their protocol — Impact Market — had received the funds from the attacker.
“I can confirm that those 50K CELO were sold for cUSD and donated through
Impact Market to support thousands of families from 30+ developing countries living in vulnerability as unconditional basic income,” Marco $Pact tweeted.
While Marco $Pact claims to have seen the incident happening, the Twitter user insists they “were not involved in this.”
What are your thoughts on this story? Let us know what you think in the comments section below.
Terence Zimwara is a Zimbabwe award-winning journalist, author and writer. He has written extensively about the economic troubles of some African countries as well as how digital currencies can provide Africans with an escape route.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Ripple CEO: SEC Lawsuit Over XRP 'Has Gone Exceedingly Well'
The CEO of Ripple Labs says that the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against him and his company over XRP "has gone exceedingly well." He stressed: "This case is important, not just for Ripple, it’s ... read more.
Source From : News