Welcome to The Protocol, CoinDesk’s weekly wrap of the most important stories in cryptocurrency tech development. I’m Margaux Nijkerk, a reporter at CoinDesk.
In this issue:
SwissBorg’s SOL Earn Wallet Exploited for $41.5M After Partner’s API Is Compromised
Ledger CTO Warns of NPM Supply-Chain Attack Hitting 1B+ Downloads
Backpack Opens Regulated Perpetuals Exchange in Europe After FTX EU Acquisition
Polygon PoS Sees Transaction Finality Lag, Patch in Progress
Unknown block type „divider”, specify a component for it in the `components.types` option
Network News
SWISSBORG’S SOL EARN WALLET EXPLOITED: Crypto exchange SwissBorg said about 192,600 SOL ($41.5 million) was stolen from an external wallet used exclusively for its SOL Earn strategy. The exploit stemmed from a partner’s compromised application programming interface (API), a mechanism that allows software systems to communicate with one another, affecting a single counterparty, the exchange said in a post on X. It was not
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