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Altcoins

McDonald’s Instagram Hacked, $700K Stolen via Fake Memecoin

On August 21, hackers hacked McDonald’s official Instagram page and executed a scam that resulted in over $700,000 in stolen Solana. They used the popular social media account to promote a fraudulent memecoin named “Grimace,” inspired by McDonald’s purple mascot. The attack started with McDonald’s Instagram account being seized and used to spread information on the fake token called GRIMACE. Screenshots posted on X revealed that the hackers were able to create multiple posts that spammed the...

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Aave Labs Launches Aave V3 on Era Mainnet

Aave Labs has officially launched Aave V3 on the Era Mainnet, marking a significant advancement in decentralized finance (DeFi). This new version of Aave uses zkSync technology to enhance security, privacy, and scalability. The announcement was made through Aave’s official X account. As stated in the blog post, the Aave V3 includes zkSync’s zero-knowledge (ZK), which can provide cheap transaction fees and high security through Ethereum proofs. Chainlink will also assist in delivering...

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Shocking 97% Crash in Ripple’s (XRP) Value Locked: What Does it Mean?

Much like the rest of the cryptocurrency market, XRP also went on a wild ride in August. The altcoin went through a serious crash in its value at the beginning of the month but the bulls were able to stage a v-shaped recovery, as illustrated in the chart below. Source: CoinGeckoWhile XRP’s price is moving more or less in line with the market, the total value locked within the protocol has recently crashed massively. Value Locked in XRPL Plummets 97% The total value locked...

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