White Hat Attack Sees Creators Of pNetwork Bridge Steal $4.3M From PancakeSwap

In a “white hack” attack, Pgala (pegged gala) tokens worth $4.3 million were taken ethically by the creators of pNetwork, an independent cross-chain bridge technology used to transfer assets across various chains. On-chain analysis by security company BlockSec detected a "misconfiguration" in the token's smart contract today, which led to the discovery of the attack.

Timeline of Pancakeswap

The developers of a pNetwork carried out a 'white hat' attack and drained $4.3 million in pegged gala tokens from PancakeSwap exchange. The post Developers of pNetwork bridge drain $4.3 million from PancakeSwap in ‘white hat' attack appeared first on The Block.

The Uniswap (UNI) price has broken out from a descending resistance line and could be in the initial stages of a long-term upward movement. Conversely, the PancakeSwap (CAKE) price shows weakness and is expected to break down from its ascending support line.

Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), the two most valued cryptocurrencies in the world, traded lower on Tuesday ahead of the US Federal Reserve meeting. Dogecoin (CRYPTO: DOGE), meanwhile, recorded sharp gains on Tuesday after Elon Musk disclosed that he is the Chief Executive Officer of post-merger company after Twitter deal, according to a filing made with the U.S.

PancakeSwap CAKE price is at crucial crossroads despite closing at a higher note for the last 5 days. The post PancakeSwap CAKE Price Needs This Catalyst to Surge Above $5 appeared first on BeInCrypto.

The PancakeSwap team stated on 10 October that they had submitted a proposal for the deployment of the Decentralized Exchange (DEX) on the recently created Aptos blockchain. On 21 October, voting officially started.

PancakeSwap's (CAKE) token which is based on the Binance Smart Chain (BSC), has had a solid week climbing as high as 7% amid a turbulent crypto market, leaving traders and investors to speculate whether it can challenge resistance once again at $4.90 and potentially break above $5.

Uniswap (UNI), PancakeSwap (CAKE), and SushiSwap (SUSHI) prices appear to be gaining bullish momentum. The post Uniswap, PancakeSwap, and SushiSwap Price Prediction: Bullish Breakout Underway  appeared first on BeInCrypto.

Decentralized exchanges are attracting more attention lately. Uniswap (UNI) and PancakeSwap (CAKE) remain investors' top two choices regarding DEX platforms due to their ease of use. Are DEX native tokens worth your money? Let's find out. Before we jump in, The Hideaways (HDWY) is our analyst's top pick for the best cryptocurrency of 2023.

The crypto space appears to be gaining traction, as most assets are painted green. The global crypto volume has increased by more than 21%, assisting the BTC price to re-enter the $20,000 range. Meanwhile, a couple of altcoins appear to have a high probability of going long in the next 24 to 48 hours.

A bit of CAKE was recently taken off the menu but was it enough to cause a scramble for the remaining amount? PancakeSwap announced that it recently burned slightly over 6.8 million CAKE, slightly lowering the circulating supply.