Transparency emerged as a crucial element in rebuilding trust within the crypto community post Hedgey Finance's security breach that resulted in the loss of $44.7 million. NobleBlocks, a DeSci platform affected by the incident, emphasized open communication, committing to post-mortem analysis and regular updates to address the concerns of impacted users and restore confidence in the market.

May 17, 2024 at 11:02 pm

Blockchain technology is revolutionizing scientific publishing by addressing critical pain points, such as inefficient peer review processes and limited access to mainstream scientific platforms. DeSci platforms like NobleBlocks leverage blockchain's immutability, transparency, and global availability to streamline scientific research dissemination, democratize access to research material, and empower researchers with data sovereignty and fair compensation. By harmonizing academic rigor with blockchain efficiency, NobleBlocks aims to create a more inclusive and equitable scientific landscape, fostering collaboration and advancing scientific progress.

Apr 25, 2024 at 07:04 pm

DeFi platform Hedgey Finance has been hit by two attacks on Arbitrum and Ethereum, resulting in the loss of $44 million. The first attack on Arbitrum drained $42.8 million worth of ARB tokens, while the second on Ethereum saw $1.9 million stolen. Cyvers Alerts, a cybersecurity firm, alerted users and the Hedgey Finance team to the initial attack.

Apr 20, 2024 at 01:03 am