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PLA Token Values Plummet to Lowest Levels Since October Due to Identified Security Vulnerabilities at PlayDapp
In a recent development, PlayDapp, a key player in the blockchain gaming ecosystem, faced a security breach resulting in the unauthorized minting of 200 million PLA tokens. CertiK, a blockchain security firm, promptly identified the breach, shedding light on the vulnerabilities present in web3 projects and emphasizing the critical importance of implementing robust security measures in the blockchain space.
Responding swiftly to the security incident, PlayDapp took immediate actions to enhance its defenses against potential threats. The illicit creation of 200 million PLA tokens led to a significant drop of nearly 10% in their value, marking the lowest valuation since October. Despite this financial setback, PlayDapp witnessed an increase in active wallets on its platform, showcasing the resilience and continued trust of the community.
PlayDapp's platform, renowned for fostering a cross-game universe that allows for the interoperability of assets across different games, has become a notable entity in the blockchain gaming landscape. The recent security incident underscores the persistent challenges faced by web3 projects in securing digital assets and emphasizes the need for robust security measures to protect stakeholder interests.
The community eagerly anticipates PlayDapp's official response to the breach, seeking details on the measures taken to prevent future incidents and rebuild confidence in the platform's security infrastructure. As PlayDapp navigates through this challenging period, prioritizing security and maintaining transparent communication with users becomes imperative. This not only safeguards assets but also plays a crucial role in reinforcing trust within the blockchain gaming sector.
The incident serves as a poignant reminder of the ongoing challenges inherent in the rapidly evolving world of blockchain technology. It highlights the need for continuous vigilance to ensure the security and integrity of digital assets, as well as the importance of building resilient and trustworthy platforms in the blockchain gaming landscape.
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PlayDapp's Blockchain Breach Leads to Unauthorized Token Minting
Blockchain security specialist CertiK has identified a possible vulnerability involving the theft of private keys linked to PlayDapp, a blockchain-based P2E (Play to Earn) game operating on Ethereum. This security lapse allowed for the unauthorized creation of a new token minting address, leading to the issuance of 200 million PLA tokens unexpectedly. As a result of this security issue, the market value of PLA tokens fell sharply by almost 10%, hitting its lowest point since October. PlayDapp has not yet issued an official statement regarding this matter. Data from DappRadar reveals that, following this security incident, the total asset value on the PlayDapp platform saw a nearly 14% decrease, despite a notable rise in the number of unique active wallets engaging with the platform today. This event highlights the persistent
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PlayDapp Token (PLA) Price Prediction - Will PlayDapp Token Price Go Up?
PlayDapp Token (PLA) Price Prediction – Will PlayDapp Token Price Go Up?
Are you looking for PlayDapp token (PLA) price predictions/forecasts and want to know where the prices of PlayDapp will get in the future? We will explore and analyze the past prices of PlayDapp and what experts say about its future price actions in this guide.
PlayDapp envisions an environment in which gamers not only take actual ownership of their in-game assets but also receive incentives for…
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Общий ущерб от хакерских и других атак в феврале составил $422 млн.
По данным мониторинга аналитической платформы Beosin KYT AML, компании, занимающейся аудитом безопасности блокчейна, в феврале 2024 года сумма убытков от всех видов инцидентов безопасности значительно увеличилась по сравнению с январем. В феврале 2024 года произошло более 19 типичных инцидентов безопасности, а общая сумма убытков от взлома, фишинговых афер и Rug Pull составила $422 млн, что примерно на 102% больше, чем в январе. Из них атаки составили около 347 миллионов долларов, что выше на 110 %; фишинговые аферы - около 16,08 миллиона долларов, что ниже на 52 %; а Rug Pulls - около 59,38 миллиона долларов, что выше на 440 %.
Самой крупной атакой месяца стала атака на криптовалютную игровую платформу PlayDapp из-за компрометации приватного ключа, которая привела к потерям в размере 290 миллионов долларов и стала самым крупным инцидентом в сфере безопасности в этом году. Остальные инциденты, превысившие 10 миллионов долларов, включали атаку на централизованную биржу FixedFloat, потерявшую 26,1 миллиона долларов, и личный адрес сооснователя Axie Infinity Джихоза.рона, потерявшего около 10 миллионов долларов из-за компрометации приватного ключа. Кроме того, гонконгская биржа Bitforex подозревается в наличии Rug Pull, с горячего кошелька которой произошел аномальный отток 56,5 миллиона долларов.
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PlayDapp Buys ProudNet to Bring Reliable, Secure Technology to US Game Market
[PRESS RELEASE – Irvine, California, United States, 16th February 2023]
The PlayDapp team announced the acquisition of ProudNet, the renowned peer-to-peer server network provider. This move is seen as an aggressive step towards entering the US gaming market and is set to provide game developers with the best possible technology in terms of stability and reliability for online multiplayer…
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PlayDapp Buys ProudNet to Bring Reliable, Secure Technology to US Game Market
[PRESS RELEASE – Irvine, California, United States, 16th February 2023]
The PlayDapp team announced the acquisition of ProudNet, the renowned peer-to-peer server network provider. This move is seen as an aggressive step towards entering the US gaming market and is set to provide game developers with the best possible technology in terms of stability and reliability for online multiplayer…
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PlayDapp Buys ProudNet to Bring Reliable, Secure Technology to US Game Market
[PRESS RELEASE – Irvine, California, United States, 16th February 2023]
The PlayDapp team announced the acquisition of ProudNet, the renowned peer-to-peer server network provider. This move is seen as an aggressive step towards entering the US gaming market and is set to provide game developers with the best possible technology in terms of stability and reliability for online multiplayer…
View On WordPress
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PlayDapp Buys ProudNet to Bring Reliable, Secure Technology to US Game Market
[PRESS RELEASE – Irvine, California, United States, 16th February 2023]
The PlayDapp team announced the acquisition of ProudNet, the renowned peer-to-peer server network provider. This move is seen as an aggressive step towards entering the US gaming market and is set to provide game developers with the best possible technology in terms of stability and reliability for online multiplayer…
View On WordPress
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Altcoin Rally: Whales Drive Surge in Transactions, Indicating Strong Investor Appetite
In a notable shift within the cryptocurrency market, whale investors are increasingly venturing into altcoins, with several projects capturing attention through large transactions, signaling growing interest. Notably, projects like Injective Protocol, Rocket Pool, PlayDapp, Standard Tokenization Protocol, and Basic Attention Token have recorded transactions exceeding $100,000, indicative of substantial whale activity.
Santiment, a platform offering on-chain and social metrics for cryptocurrencies, shared insights in an X post, shedding light on the surging whale activity across various altcoins. This surge aligns with a broader trend in the market where surges from Bitcoin are being diversified across a range of altcoins, reflecting a shift in investment patterns among high-net-worth investors.
Injective Protocol, recognized for its decentralized finance (DeFi) capabilities, has witnessed a remarkable surge in large transactions, underlining its attractiveness to investors. Similarly, Rocket Pool's unique approach to Ethereum staking has garnered significant interest, as evidenced by the volume of high-value transactions. PlayDapp, making strides in blockchain gaming and NFTs, is among the altcoins experiencing increased whale activity.
Standard Tokenization Protocol and Basic Attention Token, each offering unique value propositions in tokenization and digital advertising, have also captured the attention of large investors. The rise in transactions exceeding $100,000 emphasizes the growing confidence among investors in the potential returns of these altcoin projects.
Transaction data reveals substantial activity, with 64 transactions in PlayDapp, 26 in Basic Attention Token, a 5% increase in transactions for Standard Tokenization Protocol, and 23 transactions in Rocket Pool. These numbers underscore the heightened interest from whale investors and suggest a positive outlook for these altcoins.
As the cryptocurrency landscape undergoes continuous evolution, the movement of whale investors serves as a valuable indicator of emerging trends and potential growth areas. The surge in large transactions across these altcoins may signal a precursor to broader market shifts as investors actively seek opportunities presented by these innovative projects.
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PlayDapp Buys ProudNet to Bring Reliable, Secure Technology to US Game Market
[PRESS RELEASE – Irvine, California, United States, 16th February 2023]
The PlayDapp team announced the acquisition of ProudNet, the renowned peer-to-peer server network provider. This move is seen as an aggressive step towards entering the US gaming market and is set to provide game developers with the best possible technology in terms of stability and reliability for online multiplayer…
View On WordPress
0 notes
Text
PlayDapp Buys ProudNet to Bring Reliable, Secure Technology to US Game Market
[PRESS RELEASE – Irvine, California, United States, 16th February 2023]
The PlayDapp team announced the acquisition of ProudNet, the renowned peer-to-peer server network provider. This move is seen as an aggressive step towards entering the US gaming market and is set to provide game developers with the best possible technology in terms of stability and reliability for online multiplayer…
View On WordPress
0 notes
Text
PlayDapp Buys ProudNet to Bring Reliable, Secure Technology to US Game Market
[PRESS RELEASE – Irvine, California, United States, 16th February 2023]
The PlayDapp team announced the acquisition of ProudNet, the renowned peer-to-peer server network provider. This move is seen as an aggressive step towards entering the US gaming market and is set to provide game developers with the best possible technology in terms of stability and reliability for online multiplayer…
View On WordPress
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Hey, Have you entered this competition to win PlayDapp X LEAGUE OF KINGDOMS yet? If you refer friends you get more chances to win :) https://wn.nr/T58JkP
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