Latest news with #PancakeSwap
Yahoo
17-06-2025
- Business
- Yahoo
Polyhedra Blames Liquidity Attacks for Sudden 80% Price Drop in ZKJ, Promises Buyback
Polyhedra, a crypto protocol whose company reached unicorn status last year, is promising a buyback plan and additional steps to rebuild trust in the crypto community, days after its token fell more than 80% within minutes. 'Now we need to figure out the current situation and we need to prevent future financial attack,' founder Tiancheng Xie wrote in an X post earlier Tuesday.' 'We will buy back more,' Xie added. On June 15, ZKJ plunged from roughly $2 to just 32 cents in under an hour, losing nearly $500 million in market cap. An initial post‑mortem released in Asian morning hours laid out various factors resulting in the collapse, including a supposed coordinated liquidity attack on PancakeSwap's ZKJ/KOGE pool, substantial ZKJ deposits by market-making company Wintermute into centralized exchanges, and a cascade of liquidations on CEXs like Bybit. On-chain data reveals that several addresses had drained millions from the ZKJ/KOGE pool. One removed about $4.3 million in liquidity provider (LP) tokens and dumped 1.57 million ZKJ; others followed, unloading close to 1 million ZKJ each. When the shallow KOGE/USDT pool couldn't absorb the sell pressure, activity spilled over into the deeper ZKJ/USDT pool, triggering a liquidity spiral, the team claimed. Further pressure came from a Wintermute-associated address that deposited over 3.39 million ZKJ into centralized exchanges in the crash window, the team said. However, in an X post, Wintermute co-founder Evgeny Gaevoy said the team was selling spot and going long via ZKJ-tracked futures. As spot prices collapsed, roughly $94 million in leveraged long positions were liquidated between 12:00 and 14:00 UTC, including multiple six-figure margin calls that compounded the crash. To stem the hemorrhage, Polyhedra's team injected approximately $30 million in USDT, USDC, and BNB as DEX liquidity. It added that no ZKJ holdings belonging to the team were sold. Polyhedra affirms it's conducting a full technical investigation, and its upcoming buyback initiative aims to both offset the attack's impact and deter similar future exploits. Token prices rose by more than 50% following the release of the crash report, but all gains were reversed throughout the day, and prices are now up just 1.3% over the past 24 hours. Sign in to access your portfolio
Yahoo
17-06-2025
- Business
- Yahoo
BNB Climbs as Transaction Activity Surges, DEX Volume Tops $100B
Binance Coin (BNB) climbed over the last 24 hours even as geopolitical tensions rattled the markets, driven by surging usage of the BNB Chain, which recorded more than 16 million transactions a day earlier this month. That transaction figure marks a massive jump when from the near 4 million transactions a day processed earlier in the year, according to Nansen data. PancakeSwap, the network's main decentralized exchange, played a key role with $2.7 billion in daily volume. In aggregate, BSC handled over $104 billion in DEX volume over the last month, outpacing both Solana and Ethereum, according to DeFiLlama data. This growth helped BNB push through volatility sparked by the clashes between Israel and Iran, which temporarily dragged bitcoin under $104,000. BNB saw strong buying interest throughout the day, holding firm at the $646 level and topping out at $658. That strength was backed by unusually high volume and what appeared to be institutional interest. Technically, BNB is benefiting from a string of higher lows, a sign of a building uptrend, according to CoinDesk Research's technical analysis data model. Analysts also pointed to consistent above-average volumes, suggesting more than just retail enthusiasm. Open interest in BNB derivatives has fallen 6.9% week-over-week to $750 million, signaling caution among traders. Yet the broader Fear & Greed Index sits at a neutral 51, suggesting sentiment hasn't tipped bearish despite geopolitical jitters. Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. Sign in to access your portfolio
Time of India
14-06-2025
- Time of India
Delete these dangerous apps immediately from your phone to protect your crypto wallet
Source: YouTube The apps listed on the Play Store are supposed to be properly examined and safe for our smartphones, devices, and data. However, some apps manage to sneak past Google's strict policies and access personal information. These malicious apps are tricking users into entering their 12-word wallet recovery phrases, leading to potential theft of crypto assets. They include fake versions of popular wallets such as SushiSwap, PancakeSwap, Hyperliquid, and Raydium. These apps, disguised as legitimate cryptocurrency wallets, are targeting sensitive user data. According to a new report by Cyble Research and Intelligence Labs (CRIL), more than 20 harmful apps on the Google Play Store pose a significant threat by stealing users' wallet recovery information. If installed, these apps should be deleted immediately to avoid phishing attacks, where hackers trick you into revealing personal information, and prevent potential financial loss. List of apps you need to delete to protect your personal data and crypto wallet To protect your crypto assets and personal data, uninstall these harmful apps from your device right away. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 5 Books Warren Buffett Wants You to Read In 2025 Blinkist: Warren Buffett's Reading List Undo Here's a list of the malicious apps: Name Package name Privacy Policy Pancake Swap hxxps:// Pancake Swap hxxps:// Raydium hxxps:// Raydium hxxps:// Raydium hxxps:// BullX Crypto hxxps:// OpenOcean Exchange hxxps:// Meteora Exchange hxxps:// SushiSwap hxxps:// SushiSwap hxxps:// Hyperliquid hxxps:// Hyperliquid hxxps:// Hyperliquid hxxps:// Hyperliquid hxxps:// BullX Crypto hxxps:// Harvest Finance blog hxxps:// Suiet Wallet hxxps:// Suiet Wallet hxxps:// Suiet Wallet hxxps:// Suiet Wallet hxxps:// In addition to the 20 applications that shared similar privacy policies and leveraged the Median framework, it was also identified two applications that used different package names and privacy policies. How to delete these dangerous apps from your smartphones Open settings Tap apps or Apps & Notifications Scroll and locate any suspicious wallet apps listed above Tap the app > Select uninstall If the uninstall is blocked due to device admin success Go to settings > Security > Device admin apps Disable access, then return to uninstall Huge phishing scam targets mobile users These fake cryptocurrency wallet apps are designed to steal the wallet recovery phase's essential key to accessing users' DeFi wallets. Once a user installs the app, it prompts them to enter their 12-word recovery phases, which cybercriminals then steal to access the user's wallet. Recommendations to avoid getting scammed by these dangerous apps: Users must follow the following cybersecurity best practices that serve as the first line of defense against attackers. Only install apps from trusted developers and double-check reviews. Avoid any app that asks for sensitive details like your recovery phrase. Use reliable antivirus and internet security software on all your devices — including smartphones, laptops, and desktops. Set strong, unique passwords and use multi-factor authentication whenever available. Enable biometric security features like fingerprint or face recognition to protect your mobile device. Be careful with links sent through SMS or email, especially if they seem suspicious or unexpected. Make sure Google Play Protect is turned on for added security on Android devices.
Metro
12-06-2025
- Metro
9 apps you should delete from your phone immediately
Hiyah Zaidi Published June 11, 2025 11:54am Link is copied Comments Experts have recommended people get rid of certain apps from their phone after a team of researchers uncovered a series of them which imitate the names or icons of legitimate ones. Many of us keep hundreds of apps on our phones and often forget about them shortly after they download – but that can make us vulnerable (Picture: Getty) Experts tend to urge people to download apps from official apps stores, such as the Apple's App Store or Google's Play Store. However, even that is not always guaranteed to keep you safe. A list, issued by cyber security software company Cyble, revealed that these fake digital crypto wallets apps open a phishing website or an in-app WebView once they have been installed and opened (Picture: Getty) The apps then request a mnemonic phrase which can be used to empty your crypto-wallet. The company found more than 20 apps target crypto users by impersonating 'popular wallets such as SushiSwap, PancakeSwap, Hyperliquid, and Raydium' which trick users into installs by using 'compromised or repurposed developer accounts'. Right now, they warn there are nine wallets that are being mimicked, but that list could grow as there are more than 20 apps currently identified (Picture: Getty) The apps you should delete immediately are:• Pancake Swap• Suiet Wallet• Hyperliquid• Raydium• BullX Crypto• OpenOcean Exchange• Meteora Exchange• SushiSwap• Harvest Finance Blog (Picture: Getty) Digital wallets have no safety net, so any losses can't be recovered. Therefore, it is important that you do not download any apps unless you are sure they are provided by the people behind the wallet, and you have linked to the app from the actual website. If you have any of these apps, its important to delete them (Picture: Getty) In the report, the team concluded: 'This campaign highlights a well-coordinated phishing operation targeting the rapidly growing user base of cryptocurrency wallets. By distributing over 20 counterfeit Android applications through the Google Play Store, the threat actors impersonate legitimate wallets such as PancakeSwap, SushiSwap, Raydium, and others to steal users' mnemonic phrases—the essential keys to accessing their digital assets. What makes this campaign particularly dangerous is the use of seemingly legitimate applications, hosted under previously benign or compromised developer accounts, combined with a large-scale phishing infrastructure linked to over 50 domains. This not only extends the campaign's reach but also lowers the likelihood of immediate detection by traditional defenses' (Picture: Getty) Cyble recommends that people download apps only from verified developers, and to look at reviews before downloading anything. They also stress that people should be using reputable antivirus and internet security software packages on your devices such as PCs, laptops and phones. As per, they recommend using multi-factor authentication, and for even more security try using biometric data where you can (Picture: Getty)
Yahoo
11-06-2025
- Business
- Yahoo
Binance Wallet Launches Alpha Earn Hub Amid Record $12.5B Daily Volume
Binance Wallet rolled out its Binance Alpha Earn Hub on Wednesday. The hub will reward users that provide liquidity on Alpha token token pools, offering a form of annual interest generated by trading fees generated from these pools. The introduction of the hub comes as Binance Wallet surpassed $12.5 billion in daily on-chain volume, a record high spurred by increased activity around Binance Alpha, a platform that which hosts token launches and airdrops. 'Reaching a new all-time high of $12.5 billion in daily on-chain trading volume reflects the growing demand from users actively engaging with Binance Alpha on Binance Wallet,' said Winson Liu, Global Lead of Binance Wallet. The recent release also means that liquidity providers will also earn points for managing positions on decentralized exchange PancakeSwap, which accessed via the Binance Alpha Earn Hub. Points can be used to increase allocation of newly-issued tokens and will all eventually be converted into token airdrops.
