Citizen Finance was under attack, 244 BNB and 57,600 MATIC was stolen
On July 12, according to PeckShieldAlert, Citizen Finance, a multi-chain NFT protocol, was suspected of being attacked. The price of CIFI tokens has dropped over -50%, and 244 BNB and 57,600 MATIC were stolen.
In response to this accident, the BitWell security department will continue to track the hacker address to maintain encryption security.
Former U.S. Ambassador to China and Former U.S. Embassy Chief of Staff in Beijing Joins Mask Network’s Nonprofit Division as Strategic Advisor
The head project of Web3, Mask Network, an in-depth partner of BitWell Labs, recently announced that Terry Branstad, the former US ambassador to China, and Steven Churchill, the former chief of staff of the US embassy in Beijing, have officially joined Mask Network’s non-profit sector as strategic advisors. The pair will provide strategic advice to help understand future launch strategies and expand Mask Network’s global impact.
Crypto lending platform Vauld disclosed that it has a funding gap of about $70 million, and has other plans if the deal with Nexo fails
Crypto lending platform Vault has disclosed a total funding gap of around $70 million, The Block reported. Up to now, its assets are worth about 330 million US dollars, and its liabilities are about 400 million US dollars. The main reason are the loss of Token mark-to-market value and the loss caused by UST de-anchoring. Also, a large part of its assets under management is used for a period of 3 to 11 months’ loans, which cannot be recovered in advance.
Fed’s Bullard: Last week’s jobs report shows U.S. economy is stable and can afford higher interest rates
BlockBeats news, July 12, Federal Reserve Bullard said last week’s jobs report showed that the U.S. economy is stable with few signs of recession, and can afford higher interest rates.
