#it

Researchers from a Web3 security company have recently discovered a number of serious flaws in the Dogecoin, Litecoin, and Zcash blockchains. The most critical vulnerability affects P2P communications, allowing attackers to craft malicious consensus messages to key nodes and cause them to shut down. What's more concerning is that there is a possibility that similar bugs may exist in around two hundred other networks. If cybercriminals manage to exploit these flaws before Halborn receives payment for fixing it, it could put over $25 billion worth of digital assets at risk.

Silvergate is the second-largest bank in the US that deals with cryptocurrency companies, ranking only after Signature. It acts as a crucial link between the crypto world and traditional fiat currencies. Recently, Silvergate has decided that the best course of action, given the regulatory changes in the industry, is to gradually wind down its operations and voluntarily liquidate. The closure plan guarantees full repayment of all deposits. In early March, Silvergate had already announced that it would discontinue the Silvergate Exchange Network (SEN). Several crypto exchanges have already confirmed that they have not been affected by their association with Silvergate and that their clients' funds are safe.