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Manta Network hit with now resolved DDoS attack

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Manta Network, a layer-2 blockchain developed by P0xeidon Labs, has successfully mitigated a large-scale distributed denial-of-service (DDoS) attack . The already-resolved incident coincided with the network’s token debut on several major exchanges. Kenny Li, co-founder of P0xeidon Labs, reported on Jan. 18 that the blockchain faced an unprecedented 135 million remote procedure call (RPC) requests. Describing the event as “a very aggressive and timed attack ,” Li assured that the blockchain operations remained secure and all funds were safe. However, he cautioned that communication between applications and the blockchain was temporarily hindered. Number of network events chart | Source: X You might also like: Manta Network addresses RPC flood, amidst MANTA airdrop hype Rest assured, we are not going anywhere. We have built for three years, and we see no end in sight. Thank you so much for your support as a community. Kenny Li This DDoS attack occu...

DeFi was the most attacked ecosystem in 2022: Finance Redefined

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2023 started on a bullish note for nearly all the top 100 DeFi tokens, as most of them rose to new multi-week highs. Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. The DeFi ecosystem started 2023 on a bullish note, similar to the broader cryptocurrency market. However, the bullish start to the year didn’t diminish the damage caused by vulnerabilities and attack s in 2022. A new research report has highlighted that DeFi was the most vulnerable crypto ecosystem, at the receiving end of 113 exploits out of the total 167. On top of that, blockchain security experts have warned the trend could continue in 2023. MetaMask became the first prominent victim in 2023, as a new wallet scam emerged. The wallet address scam, called address poisoning, tries to take advantage of users’ carelessness. In other DeFi exploit news, an address connected to the $190 million No...