How do you use CryptoCompare and what features and functionalities do you want to see added? To help us prioritize what to build on CryptoCompare and how to improve the website for you, we’d love to hear from you!

Decentralized finance (DeFi) lending protocol bZx has suffered a third exploit, and this time the attackers got over $8 million in cryptocurrency by duplicating assets.

Billion-dollar business intelligence firm Microstrategy, which last month made a massive $250 million bet on bitcoin, has told the U.S. Securities and Exchange Commission it “may increase” its BTC reserve.

Sponsored: The Crypto.com Exchange will list MKR on The Syndicate, where all Crypto.com Coin (CRO) stakers will be able to participate in a discounted sale event for 500,000 USD worth of MKR at 50% off. The event will commence on Tuesday, 22 September 6:00am UTC on the Crypto.com Exchange.

Top stories in the Crypto Roundup today:

• Help improve CryptoCompare and Win a Ledger Nano S!
• DeFi Protocol bZx Loses $8 Million in Third Exploit
• MicroStrategy Reveals It ‘May Increase’ Its $250 Million Bitcoin Stash
• Sponsored: Crypto.com Exchange to List MKR at 50% OFF

Help improve CryptoCompare and Win a Ledger Nano S!

How do you use CryptoCompare and what features and functionalities do you want to see added? To help us prioritize what to build on CryptoCompare and learn how to improve the website for you, we’d love to hear from you!

All we need is 20 minutes of your time, and 5 lucky respondents will be chosen from a raffle to receive a brand new Ledger Nano S!

If you’d like to share your feedback, please get in touch at info@cryptocompare.com.

DeFi Protocol bZx Loses $8 Million in Third Exploit

Decentralized finance (DeFi) lending protocol bZx has suffered a third exploit, and this time the attackers got over $8 million in cryptocurrency by duplicating assets.

The exploit reportedly allowed attackers to use flawed code to duplicate assets or increase their balance of interest-bearing tokens on bZx, dubbed iTokens. bZx quickly halted minting and burning of the tokens after noticing the exploit, and resumed activity after fixing it.

The attackers, however, managed to mint 2139,199.66 LINK, 4,500.7 ETH, 1.75 million USDT, 1.41 million USDC, and 667,988.8 DAI, for a total of over $8 million worth of cryptocurrency. The protocol’s insurance fund is set to cover the losses, so no user funds are at risk.

In a report on the incident, bZx detailed it was “heavily audited” by top security firms Peckshield nad Certik, and added:

"Unfortunately, audits are not silver bullets. Our protocol is the most powerful, fully functioned lending protocol in the space, and this means that there is a lot of code to cover."

Reacting to the incident both firms revealed they are looking to keep on collaborating with bZx. It’s worth noting that earlier this year bZx was exploited using flash loans that saw attackers make nearly $1 million in ETH over the course of two attacks. Flash loans are loans taken and repaid in a single transaction.

MicroStrategy Reveals It ‘May Increase’ Its $250 Million Bitcoin Stash

Billion-dollar business intelligence firm Microstrategy, which last month made a massive $250 million bet on bitcoin, has told the U.S. Securities and Exchange Commission  it “may increase” its BTC reserve,

MicroStrategy bought bitcoin by transforming much of its cash reserves into the cryptocurrency as part of its capital allocation strategy. In an announcement, the firm detailed its decision was influenced by “factors affecting the economic and business landscape,” which the firm believes are creating “long-term risks” for its corporate treasury program.

Future allocations into bitcoin would continue as part of its treasury allocation strategy, as on September 11 the firm’s board formally recognized BTC as its “primary treasury reserve asset on an ongoing basis.”

Crypto.com Exchange to List MKR at 50% OFF

The Crypto.com Exchange will list MKR on The Syndicate, where all Crypto.com Coin (CRO) stakers will be able to participate in a discounted sale event for 500,000 USD worth of MKR at 50% off. The event will commence on Tuesday, 22 September 6:00am UTC on the Crypto.com Exchange.

Allocation:

Each participant’s maximum amount of CRO that can be applied towards the listing event will depend on the amount of CRO staked on the Crypto.com Exchange. 

Subscription: 

• Participants will be able to subscribe for MKR by contributing an amount of CRO tokens not exceeding their respective maximum allocation. Staked CRO tokens may not be used to subscribe for MKR in this event.
• Participants will need to trade the minimum volume required at their CRO staked level in the past 30 days in order to be eligible to subscribe.
• The past 30-day trading volume is calculated daily at 00:50:00 UTC. For more information regarding exact cutoff times, refer to our FAQ here.

NOTE: The trading volume can take up to 1 hour to calculate at most. To avoid any delays, we advise you to satisfy the trading requirement well in advance of the subscription timelines.

Event Timeline:

• 22 Sept 6:00am UTC: Sales Begins (MKR/CRO subscription price fixed)
• 23 Sept 6:00am UTC: Sales Ends 
• 24 Sept 6:00am UTC: Acceptance Period Begins (unused CRO will be refunded immediately if you reject the allocation)
• 25 Sept 6:00am UTC: Acceptance Period Ends (CRO refunds will be distributed for forfeited participants)

Sign up for the Crypto.com Exchange, stake CRO and get ready for the MKR sale now!

Press Release

State of the Crypto by Top Tier Exchange Volume

Build your project with CoinDesk Data

Terms | Privacy

13 Charles II St, SW1Y 4QU

London, UK

This email may include advertisements by third parties. None of the advertised or promoted products and services have been verified or approved by us and this email is not any endorsement by us of the third party or of their products or services.