Binance Research's report said that the use of oracles can be a double-edged sword.
Binance Research’s report said that the use of oracles can be a double-edged sword.
While oracles significantly enhance the functionality of blockchain networks by enabling the execution of tasks guided by real-world inputs, exploits due to oracle manipulations cannot be overlooked. In fact, close to a billion dollars has been lost due to breaches in oracles since 2020., approximately $892 million has been siphoned off through manipulative actions associated with oracles over the last three years.
On the brighter side, this trend appears to have slowed down. In 2023, the losses resulting from oracle-related exploits have notably diminished, which can likely be attributed to heightened security measures and a general decrease in Total Value Locked within the decentralized finance ecosystem.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Binance and BAM Trading Charged for Neglecting to Register as Clearing Agency on Binance.USThe U.S. SEC alleges that Binance and BAM Trading operated as unregistered clearing agencies on the Binance.US platform.
Consulte Mais informação »
Research Associate (Clinical Research) - Houston, Texas (US) job with Baylor College of Medicine (BCM)Research Associate (Clinical Research)
Consulte Mais informação »
Binance and BAM Trading Caught in Regulatory CrosshairsThe U.S. SEC has filed a claim against Binance and BAM Trading, alleging their failure to register as an exchange for the Binance.US platform.
Consulte Mais informação »
BAM Trading Accused of Operating as an Unregistered Broker on Binance.US PlatformThe SEC has leveled allegations against BAM Trading, claiming they operated as an unregistered broker on the Binance.US platform.
Consulte Mais informação »