Where It All Started.

Where It All Started.

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Tag: nft

Vulcan Forged (PYR) Hacked; Hacker Steals $140 Million USD

Vulcan Forged, the Vulcan Forged platform, was hacked and its customers made about $140 million poorer. A hacker exploited the Polygon-based platform to get hold of the private keys to 96 crypto wallets and grab roughly 4.5 million PYR tokens. The company has vowed to make affected users whole with money from its treasury and claimed that half of the stolen funds have already been repaid.

According to Jamie Thomson the CEO of the company, “What’s happened is someone’s exploited our servers, got the Venly credentials, and used it to extract the private keys of the MyForge users”. (MyForge is an asset management tool that displays users’ crypto and NFT holdings.).

Due to the hack the company vowed to transition to decentralized wallets for greater security.

Tezos (XTZ) Has Surged By Staggering 40% As A Result Of Ubisoft’s NFT Integration

Tezos’ native token XTZ has surged around 40% over the past 12 hours on the news that it has been selected by gaming giant Ubisoft. The beta will launch with Tom Clancy’s Ghost Recon Breakpoint on Ubisoft Connect for Windows PC on Dec 9. Starting this week, Ubisoft Quartz will enable players to acquire “Digits” – the first NFTs to be made available in a triple-A game. The first batch of Digits will launch with limited editions with a fixed number of unique in-game items. They can be purchased with cryptocurrency, but are only available in the U.S., Canada, Spain, France, Germany, Italy, Belgium, Australia, and Brazil.

Ubisoft has selected the Tezos network for the properties of its proof-of-stake consensus which is more energy-efficient than mining. Vice President of Ubisoft’s Strategic Innovation Lab, Nicolas Pouard, commented:

Ubisoft Quartz is the first building block in our ambitious vision for developing a true metaverse. And it can’t come to life without overcoming blockchain’s early-form limitations for gaming, including scalability and energy consumption.