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12,000 Bitcoin Removed from USDD Reserves, Sun Responds

Tron founder Justin Sun has downplayed concerns following the removal of 12,000 Bitcoin, worth over $729 million, from the reserves backing Decentralized USD (USDD), a stablecoin governed by the Tron DAO Reserve. The action was recorded on August 19, when the blockchain observer Blockchair discovered that the Bitcoin was taken out of the address that was linked to the USDD collateral. This led to concerns on the social media platform x (former Twitter), where some of the users said that Sun...

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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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