The Arbitrum network, an Ethereum L2 (Layer 2) rollup, came into certain problems that plagued the generation of transactions and transaction confirmation to come to a halt. And per the Arbitrum group, the event was caused by downtime with its sequencer, a unique node that maintains transaction order, which rendered the system inaccessible for around 7 minutes. 7 Hour of Arbitrum Booths
A major weakness in the Polygon Network has been fixed, and native MATIC currencies worth $24 billion have been saved.
Polygon, an Ethereum-based platform, has "quietly solved" a vulnerability that threatened its native MATIC tokens, which are valued at $24 billion (approximately Rs. 1,78,560). The problem was discovered after one team of cybersecurity professionals alerted Immunefi, a decentralized financial bug bounty site (DeFi). The Polygon network's bug bounty is hosted by Immune. Notwithstanding swift attempts to remedy the situation, a well-known hacker was able to retrieve 801,601 MATIC tokens worth $2.4 million (roughly Rs. 17.8 crores).
This year, the old regime of digital...