Open Custody Protocol priceOPEN

some of the pioneer maybe dont know how to buy Pi from open market due lack of knowledge. they only know how to sell....

Ethereum Layer 2 platform, Abstract, has released an initial post-mortem on a security incident that resulted in the compromise of approximately $400,000 worth of ETH across 9,000 wallets interacting with Cardex, a blockchain-based game on its network. The report clarified that the breach stemmed from vulnerabilities in Cardex’s frontend code rather than an issue with Abstract’s core infrastructure or session key validation contracts. Cardex Wallet Compromise The incident revolved around the misuse of session keys, a mechanism in the Abstract Global Wallet (AGW) that allows for temporary, scoped permissions to improve user experience. While session keys themselves are a well-audited security feature, Cardex made a critical error by using a shared session signer wallet for all users, a practice that is not recommended. This flaw was further amplified by the exposure of the session signer’s private key to Cardex’s frontend code, which ultimately led to the exploit. According to Abstract’s root cause analysis, attackers identified an open session from a victim, initiated a buyShares transaction on their behalf, and then used the compromised session key to transfer the shares to themselves before selling them on the Cardex bonding curve to extract ETH. Importantly, only the ETH used within Cardex was affected. Meanwhile, users’ ERC-20 tokens and NFTs remained secure due to session key permissions limitations. The timeline of events indicates that the first signs of suspicious activity were flagged at 6:07 AM EST on February 18th when a developer posted a transaction link showing an address draining funds. In less than 30 minutes, Cardex was suspected as the source of the exploit, and security teams quickly mobilized to investigate. Within hours, mitigation steps were taken. This included blocking access to Cardex, deploying a session revocation site, as well as upgrading the affected contract to prevent further transactions. Abstract has outlined several measures to prevent future incidents of this nature. Going forward, all applications listed in its portal must undergo a stricter security review, including front-end code audits to prevent the exposure of sensitive keys. Additionally, session key usage across listed apps will be reassessed to ensure proper scoping and storage practices. Documentation on session key implementation will be updated to reinforce best practices. What’s Ahead In response to this breach, Abstract is also integrating Blockaid’s transaction simulation tools into AGW, which will help users to see what permissions they are granting when creating session keys. Further collaborations with Privy and Blockaid are underway to improve session key security. A session key dashboard will also be introduced in The Portal, which is expected to give users a centralized interface to review and revoke their open sessions. The post Ethereum Layer 2 Platform Abstract Reports $400K Crypto Breach in Cardex Incident appeared first on CryptoPotato.

I will not sell Pi after the Open Network launch… because what’s coming is even greater! This is not the end—it’s just the beginning! With Pi, limitless income opportunities unfold through its apps, whether you’re a trader, artist, player, or rising talent. The real adventure begins now! Share the image far and wide, and let the world know that Pi is not just a currency…

I will not sell Pi after the Open Network launch… because what’s coming is even greater! This is not the end—it’s just the beginning! With Pi, limitless income opportunities unfold through its apps, whether you’re a trader, artist, player, or rising talent. The real adventure begins now! Share the image far and wide, and let the world know that Pi is not just a currency…

Pi Coin's Market Debut: What to Expect Next The long-awaited listing of Pi Coin has finally happened, marking a significant milestone in the journey of this unique cryptocurrency. With millions of users worldwide, Pi Network has built an enthusiastic community eager to see how the coin performs in the open market. Now that Pi Coin is officially tradable, what should investors, miners, and enthusiasts expect? Here are ten key things to anticipate: Increased Market Volatility Newly listed cryptocurrencies often experience significant price swings due to speculative trading, varying liquidity, and early adoption dynamics. Pi Coin will likely see rapid price fluctuations as traders test the market’s demand and supply levels. Growing Liquidity and Trading Volume With Pi Coin now available for trading, exchanges will see increased liquidity as more users buy, sell, and trade the asset. High liquidity is crucial for stabilizing the coin’s value and ensuring smoother transactions. Speculative Trading and Pump-and-Dump Risks As with any newly listed cryptocurrency, Pi Coin will attract speculative traders looking to capitalize on short-term price movements. This could lead to sharp price surges followed by sudden drops, making it essential for investors to exercise caution. Adoption and Real-World Use Cases Pi Network’s goal has always been to create a cryptocurrency with real-world utility. Businesses and merchants accepting Pi Coin as payment will determine its long-term value and usability. Expect more discussions and potential partnerships around practical applications of Pi Coin. Increased Exchange Listings Currently, Pi Coin may be available on select exchanges, but as demand grows, more platforms will likely list it. Listings on major exchanges like Binance, Coinbase, or KuCoin could further legitimize and boost Pi Coin’s market credibility. Community Growth and Developer Interest A listed cryptocurrency typically gains more visibility, attracting new users and developers. This could lead to innovative projects built around Pi Coin, enhancing its ecosystem and driving long-term value. Regulatory Scrutiny With official trading now in place, regulatory bodies may begin scrutinizing Pi Network to ensure compliance with financial laws. This could impact the coin’s accessibility in certain regions and influence future development decisions. Mining Incentives and Staking Opportunities Since Pi Network initially introduced a unique mobile mining model, its listing might lead to changes in mining rewards or the introduction of staking programs. Users should stay informed about updates from the Pi Network team. Institutional and Whale Activity With listing comes the possibility of institutional investors and large-scale traders (whales) entering the market. Their activities could impact Pi Coin’s price movements and create new opportunities or challenges for retail investors. Long-Term Vision and Roadmap Updates Now that Pi Coin is listed, the focus will shift to its future roadmap. The development team will likely outline next steps, including network upgrades, security enhancements, and further integrations with blockchain applications. Final Thoughts The listing of Pi Coin is a monumental step, but it is just the beginning. While excitement is high, it is crucial for investors and enthusiasts to stay informed, avoid hype-driven decisions, and focus on the long-term potential of the project. As the Pi Network ecosystem continues to evolve, the true value of Pi Coin will be determined by its adoption, real-world use cases, and sustained community support. Disclaimer: Cryptocurrency investments carry risks. Always conduct thorough research before making any financial decisions.