#smart

The Cardano project released the Valentine upgrade on Valentine's Day. Evidently, to ensure that lonely devs won't be without a gift. What about the features of the upgrade? Ability to create cross-network bridges that enable transactions to occur between various blockchains. Enhanced cryptographic features. Improving cross-chain decentralized application (dApp) development on the smart contract platform. The price of the ADA token increased by 8%, outperforming BTC and ETH.

PeckShield, a blockchain security firm, warns that zero-transfer scammers are behind two of the largest gas spenders. The scheme is as follows: 🛑 Fake addresses are created by imitating real ones. 🛑 The TransferFrom function is then used to make a zero transfer from any wallet to a smart contract. 🛑 As a result, a fake transaction history is created and shown in users' wallets and on Etherscan. The only thing left to do is wait for the transfer from the victims who did not thoroughly check the address before sending the money.

The state of Illinois decided to make a difference in the world of blockchain, and it succeeded. The local Senate wants to be able to... cancel bitcoin transactions. According to the Digital Property Protection and Law Enforcement Act, validators must cancel transactions and return the funds to the sender or transfer them to the state Treasury if ordered by the state's attorney. The same goes for smart contracts, which must be rescinded upon a valid court request. Shall we expect a manual sunset in the next bill?

Just 24 hours after FTX's new CEO, John Ray, announced that the platform could be revived, fraudsters created a fake FTX 2.0 token. The FTX2.0 scam token is being actively spread among the registered users' wallets, including Justin Sun, KuCoin, and Binance. Security firm PeckShield reported that the smart contract of FTX 2.0 has a backdoor that allows hackers to steal funds from users' accounts. To participate in the "new airdrop" the users are encouraged to click on a phishing link. But the worst part is that the token's code allows buying the coin, but prohibits it from being sold. That's why its price has quickly rocketed, causing a wave of FOMO among FTX customers.