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Monday, December 18, 2023

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Bounty Paid

All stolen All Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) non fungible tokens (NFTs) from the NFT Trader peer-to-peer platform have been returned following a bounty payment of 120 ether.

Approximately $3 million worth of NFTs were taken during the Dec. 16 hack. The attacker, through public messages, attributed the exploit to another user and demanded ransom for the NFTs' return, referring to them as 'residual garbage.'

In additional updates, Arbitrum faced an outage, Trac Systems disclosed a $4.2 million fundraising round, and Aurory's USDC pool was depleted on Camelot DEX.

Read on!

GameFi Report 2023: GameFi Levels Up

Check out our latest report, where we take a look at the state of GameFi in 2023 and its latest trends.

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24h Hot Searches Worldwide 🔥

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Are modular blockchains the future? Learn about Celestia, its modular architecture, and how it aims to solve the data availability problem.

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Layer-2 Outage

Arbitrum, Ethereum's scaling network, experienced a 'partial outage' on Friday, halting all activity on the Arbitrum One blockchain. This marked the first such disruption since June.

Offchain Labs confirmed that the surge in activity was indeed attributed to an overflow of 'inscriptions'. These inscriptions entail artwork and media directly etched onto the blockchain, resembling NFTs but entirely on-chain.

Decrypt

Funding For Ordinals

Trac Systems, a German-based company and the parent entity of Tap Protocol, disclosed a successful $4.2 million fundraising round. The investment, led by Sora Ventures, is intended to enhance Bitcoin's capabilities as a developer platform utilizing the Ordinals system.

Trac Systems emphasized various applications currently facilitated on Ordinals via Tap Protocol, such as the fractionalization of Ordinals art and the integration of token features into gaming applications.

The Block

Aurory Exploit

An alleged breach occurred within the Solana-based gaming ecosystem Aurory on Dec. 17, leading to an approximate 80% decrease in liquidity within the AURY-USDC pool on the decentralized exchange (DEX) Carmelot.

As per unconfirmed accounts on X (previously known as Twitter), the exploit supposedly focused on Aurory's SyncSpace bridge within Arbitrum's native DEX Camelot around 13:00 UTC. This resulted in a reduction of the AURY-USDC pool's liquidity from about $1.5 million to roughly $312,000.

Cointelegraph

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