
The team behind the top decentralized exchange Uniswap (UNI) is officially launching its new Ethereum (ETH) layer-2 blockchain. In a new announcement from Uniswap Labs, the firm says Unichain mainnet officially launched today according to plan. As per the announcement, Unichain will be a layer-2 optimized for decentralized finance (DeFi) transactions on Ethereum. Starting today, […]
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A large entity is reportedly accumulating Uniswap’s native token UNI, according to blockchain tracking firm Lookonchain. Citing data from on-chain “de-anonymizer” Arkham, Lookonchain reports that an unknown deep-pocketed investor has begun withdrawing UNI from Binance, the largest crypto exchange in the world. “A giant whale is accumulating UNI! This whale has withdrawn a total of […]
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Uniswap (UNI), the top decentralized exchange (DEX) by trading volume, has rolled out a new protocol upgrade across multiple chains. The DEX says its new “v4” transforms the protocol into a “developer platform.” “Made possible with the introduction of hooks – contracts that allow anyone to customize how pools, swaps, fees, and LP (liquidity provider) […]
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The United States House Committee on Oversight and Government Reform is launching a probe into allegations that US banks were de-banking prominent members of the crypto industry. In a letter addressed to Uniswap Labs CEO Hayden Adams, Andreessen Horowitz partner Marc Andreessen, Coinbase CEO Brian Armstrong, Lightspark co-founder David Marcus, Kraken CEO Dave Ripley and […]
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Attackers with physical access to a user’s device may be able to see the wallet’s seed phrase, the security firm said.
ScaleBit, a subsidiary of security auditor BitsLab, has flagged a purported vulnerability that could potentially compromise “all stored assets” in decentralized exchange (DEX) Uniswap’s Web3 wallets, ScaleBit told Cointelegraph on Jan. 13.
The alleged “flaw enables attackers with physical access to the device to bypass the wallet’s authentication mechanisms and directly retrieve the mnemonic phrase stored on the device,” ScaleBit said in a statement.
A Web3 wallet’s mnemonic phrase, also known as a “seed phrase,” is a string of typically 12–24 random words that grants full control over a wallet’s assets from any device.