About: FBustos

The late half of 2022 has been marked by a dispute regarding the categorization of cryptocurrencies as whether security or commodity. This debate gained traction after Ethereum’s transition to a “proof-of-stake” consensus mechanism. According to the SEC, the new “staking” consensus opens up talks for classifying the second largest cryptocurrency by market capitalization in the […]

Earlier this month, the world’s largest cryptocurrency exchange was the victim of an attack on its smart chain. The attack occurred due to an exploit on Binance Smart Chain Bridge, where the attacker was able to transfer over half a billion Dollars in BNB through Binance’s platform. Transactions on the Binance blockchain, and the Binance […]

Polygon’s Decentralized Exchange (DEX) “Quickswap” was recently the victim of an attack in the blockchain. The cybercriminals were able to take over $220,000 through a flash-loan exploit on Quickswap’s platform. The attack based itself on the “flash loan” mechanism. This type of instant loan allows users to take loans without collateral. However, this type of […]