Audius (AUDIO) Rallies 10% Despite Market Slump: Details

AUDIO, the native token of decentralized music streaming platform Audius, seems to be defying the recent market slump as it rose nearly 10% on March 28. Audius rose from lows of $0.262 to reach intraday highs of $0.293.

Timeline of Audius

Top US-based crypto exchange Coinbase is rolling out official trading support for two red-hot altcoins, sparking further rallies. Coinbase customers can now trade security-focused decentralized finance (DeFi) crypto Threshold (T) and decentralized music project Audius (AUDIO).

Several web3 companies including Magic Eden and Audius are integrating with Stripe to enable fiat purchases of crypto on their platform. The post Magic Eden, Audius and Argent among Stripe's new partners for crypto onramp appeared first on The Block.

Audius aims to become the go-to metaverse concert platform via its acquisition of SoundStage, which provides virtual music experiences. The post Decentralized music startup Audius aims to provide virtual concerts via SoundStage acquisition appeared first on The Block.

If you are acquainted with the music biz, you must be aware of how middlemen typically take advantage of the musicians. Audius intends to counter this setback by enabling artists to publish their music and engage with their audience without involving any intermediaries. The platform's user interface is similarly very simple and easy to navigate.

NFT Music Platform Audius has confirmed that it was exploited by cybercriminals, costing the crypto company around $6 million. As a decentralized platform, Audius is a music streaming and sharing platform that puts the power back into the hands of content creators.

Decentralized music streaming platform Audius was exploited on July 23 when an attacker exploited a vulnerability in its governance smart contract code. The post Attackers stole $6 million from Audius by exploiting a bug in the contract appeared first on CryptoSlate.

Hacks within the cryptocurrency domain are very frequent. Recently, a decentralized music platform Auduis suffered as it lost 18.5 million AUDIO tokens ($6m) following a malicious attack.

The Audius contracts on the Ethereum mainnet were compromised due to a bug in the contract initialization code. This bug made it possible for the attacker to transfer about 18 million AUDIO tokens.

Decentralized music platform Audius has identified the bug that had allowed a hacker to pass a malicious governance proposal and transfer tokens worth USD 6m, adding that they have applied a patch to regain control of the protocol.

Decentralized music streaming platform Audius has announced that it lost about $1 million to unknown hackers early this morning. According to the streaming platform, it mistakenly passed a malicious proposal that saw more than $5 million worth of the platform's tokens transferred.