This was possible because of how the Rainbow bridge works. As a wholly decentralized platform, Rainbow relies on several validators, called bridge relayers, who submit block info on Near blocks to Ethereum. Anyone can submit information to Rainbow, and false information could likely result in a loss of all user funds.
#Hackers #Lose #Ether #Attack #Protocols #Rainbow #Bridge
https://crypto-news.se/hackers-lose-5-ether-while-trying-to-attack-near-protocols-rainbow-bridge/ #CryptoNews
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Ready Player Me, an Estonian company that creates avatars in the Metaverse, has raised $56 million in a Series B funding round led by Andreessen Horowitz’s crypto and gaming funds.
#Metaverse #Avatar #Creator #Ready #Player #Raises #56M #Series #led #a16z
https://crypto-news.se/metaverse-avatar-creator-ready-player-me-raises-56m-in-series-b-led-by-a16z/ #CryptoNews
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#Indian #Central #Bank #Governor #Banks #Warnings #Pushed #People #Stay #Crypto
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The upcoming weekly chart bearish crossover has a perfect record of trapping sellers on the wrong side of the market.
#Bitcoin039s #Weekly #Chart #Shows #Bear #Market #Worsen
https://crypto-news.se/bitcoins-weekly-chart-shows-bear-market-likely-to-worsen-or-does-it/ #CryptoNews