secret
The Illusion of Liquidity: Why Wash Trading Remains the Crypto Industry’s "Open Secret"
In the fast-paced world of digital assets, volume is the lifeblood of credibility. It signals liquidity, adoption, and institutional interest. However, behind the flashy dashboards of many cryptocurrency exchanges lies a troubling reality: a significant portion of reported trading volume is entirely fabricated. Bobby Ong, co-founder of the leading market data aggregator CoinGecko, recently issued […]
Silent Drain: Inside the $4.67 Million Exploit of the Secret Network Axelar Bridge
The decentralized finance (DeFi) ecosystem has been dealt another significant blow as Secret Network and Axelar Network confirm a major security exploit that resulted in the loss of approximately $4.67 million. The incident, which centered on a critical vulnerability within the cross-chain bridging infrastructure connecting the two protocols, allowed an attacker to execute an "infinite-mint" […]
