Blockchain Gaming

Unrewarded Blockchain Investigator Helps Recover $20M Hack

Wednesday. January 22 at 12:00 AM

1 min. read

Renowned blockchain sleuth ZachXBT assisted the US government in reclaiming a significant portion of $20 million stolen in a hack, yet received no compensation. His disclosure came after a conversation on X regarding his dedication to the crypto industry and lack of financial rewards. Despite aiding in the arrest of hackers responsible for a $243 million crypto heist and exposing fraudulent meme coin operations, ZachXBT emphasized that financial gain was not his primary focus. This highlights the issue of independent investigators working without institutional support or payment. A fundraising campaign initiated by NFT holder Joey Moose aimed to support ZachXBT's work, although some users questioned its legitimacy. ZachXBT's efforts come amidst a rise in crypto scams, including a recent attempt to launch a scam meme coin inspired by Barron Trump. The article underscores the importance of fair compensation for investigative work in the crypto space.

More news 🗞️

Blockchain Technology: Driving Social Impact

Wednesday. January 22 at 4:00 PM

In 2023, Davos hailed blockchain as a force for global good, but challenges persist. Blockchain has shown progress in humanitarian sectors, like Rwanda's tractor rentals and EY's OpsChain in public finance. Major networks like Polygon and Stellar invest in social impact projects. However, accessibility and scalability issues hinder widespread adoption. High transaction costs and ecosystem fragmentation pose challenges. Regulatory frameworks, like the EU's MiCA, set standards but create complexities for cross-border initiatives. The future success of blockchain depends on collaboration, inclusive design, and pragmatic regulation. While past achievements are promising, upcoming developments will determine if blockchain becomes a global growth cornerstone. Bridging the gap between promise and implementation is crucial for blockchain's transformative impact. The article emphasizes the need for collaboration, inclusive design, and practical regulation to realize blockchain's potential for social impact.

Blockchain Gaming

Introducing Football Rivals Mini-App on Mythos Chain

Wednesday. January 22 at 12:00 PM

Koni Stack has launched Football Rivals, a new mini-app on Telegram, offering users the chance to utilize NFL Rivals player digital assets on the Mythos Chain. This collaboration showcases the interoperability of digital assets across platforms, providing engaging gameplay and Web3 integration. Players can compete in challenges using their digital assets, earning MYTH rewards on the Mythos Chain. The user-friendly app aims to introduce millions of players to blockchain gaming through Telegram. Koni Stack's mini app SDK simplifies the development process, enabling seamless interaction with dApps. The release of Football Rivals demonstrates the scalability of Mythos and Polkadot ecosystems, creating new opportunities for blockchain technology. This innovative mini-app highlights the power of web3 and interoperability, offering players a unique gaming experience. With the integration of Telegram and Polkadot, Football Rivals is set to drive on-chain activity and onboard millions of users to decentralized platforms.

Blockchain Gaming

Unrewarded Blockchain Investigator Helps Recover $20M Hack

Wednesday. January 22 at 12:00 AM

Blockchain Gaming

Innovative Blockchain Dispute Resolution System Launched by Immunefi

Tuesday. January 21 at 6:00 PM

Immunefi, a blockchain security firm, has introduced the world's first legally binding blockchain dispute resolution system. This groundbreaking system, unveiled on Jan. 21, is designed for bug bounties, where developers are rewarded for identifying vulnerabilities in a project's code. Unlike traditional bug bounty programs that rely on trust, Immunefi's Arbitration system legally obligates projects to pay bounties. It offers impartial assessments of vulnerability disclosures and rewards based on the London Chamber of Arbitration and Mediation standards. Developed in collaboration with legal firm Greenberg Traurig, the system benefits from the New York Convention, making rulings enforceable globally. This innovative approach aims to enhance efficiency, trust, and integrity in bug bounty programs and the broader cybersecurity sector. Immunefi's CEO, Mitchell Amador, emphasizes the importance of bug bounty programs in securing projects and aims to streamline processes for both developers and projects. The system's transparency and transformative potential could pave the way for more blockchain-based legal applications in the future.

Blockchain Gaming