Solana and Nomad bridge fall prey to exploits losing millions

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. This past week, the DeFi ecosystem saw two exploits one after another resulting in the loss of millions of dollars. First, cross-bridge token platform Nomad became a victim of what many deemed a decentralized robbery that saw almost $190 million drained out of their wallets. Solana ecosystem became the victim of a widespread unknown attack that saw thousands of wallets getting drained out of…

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Singapore authority issues crypto warning after PM falls prey to scammers

Officials in Singapore have issued a notice to would-be Bitcoin (BTC) and cryptocurrency investors, warning them of the dangers of engaging with such a volatile market. Notably, the warning comes just 48 hours after Prime Minister of Singapore Lee Hsien Loong had his likeness appropriated by a user on the BitClout social token platform, who used the PM’s name to sell tokens worth a near combined $10,000. On April 6, the chairman of the Monetary Authority of Singapore, Tharman Shanmugaratnam, warned of the inherent risks involved in speculating in the…

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Robotics Company Falls Prey to Ransomware Attack

Ransomware gang REvil, known for launching stolen data auctions on the dark web, is now leaking sensitive documents stolen from a US-based robotics company. According to an official blog post from REvil on June 11, the team has started leaking confidential data belonging to Symbotic LLC. The post noted: “You do not want to speak with us and you probably think that we will not publish your data. We are already publishing.” The cybercriminal group stated that they’d created a website and paid for the hosting for a year. They…

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Borderlands Collection Falls Prey to Infuriating Switch Port Trend

Borderlands is finally making its way to Nintendo Switch. The physical version requires a massive download to play all three games of the collection. This is a slap in the face to anyone purchasing Switch games without a big micro SD expansion card. It’s official. Borderlands Legendary Collection is coming to Nintendo Switch. Soon you’ll be able to play through the first three games in the classic looter-shooter series. This is spectacular news for fans of the series, but if you order a physical copy, you’re in for a nasty…

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