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TheStandard.io suffers a $264,000 theft via a PAXG liquidity pool exploit on Arbitrum. Defi stablecoin protocol TheStandard.io has been hacked for $264,000, according to reports from blockchain security analysts CertiK. The hacker allegedly conducted a low liquidity exploit of PAXG on Arbitrum.  #CertiKSkynetAlert This morning @thestandard_io were exploited for 8.5k USDC.e and 280k EUROs with a combined value of $264k at current prices. The attacker has since minted an Algebra position NFT with 222,819 EUROs.https://t.co/AS3HBh58qq — CertiK Alert (@CertiKAlert) November 7, 2023 A low liquidity exploit is a type of attack where a threat actor takes advantage of pools with low liquidity to manipulate asset prices for financial gain. In this case, the hacker exploited the PAXG liquidity pools to steal 8,500 USDC and 280,000 Euro. Following the attack, nearly €223,000 was used by the hacker to mint an Algebra position NFT.  TheStandard.io released a statement affirming to cu...

This year has brought about changes in the global economy and regulations for virtual assets. Even so, the crypto industry is still progressing by introducing new product s that meet the demands of users and the community. One of these new developments is real-world asset (RWA) tokenization, which can offer a fresh opportunity for value capture. You might also like: SEC accuses Binance US of hampering securities violation probe As this wave gains momentum, native decentralized finance (defi) protocols like MakerDAO and Aave are actively moving to embrace RWA.  BNB.WIN recently launched its first RWA product,  BNB.WIN . After monitoring their performance for several weeks, many are questioning the true value of BNB.WIN and similar product s. Is BNB.WIN safe? BNB.WIN is a rebasing RWA protocol on the BNB Chain, a smart contract platform.  The process involves staking BNB to mint BNB tokens at a 1:1 ratio. BNB staked are pegged to real-world assets. Rewards...