{"id":530952,"date":"2022-12-23T23:20:00","date_gmt":"2022-12-23T20:20:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/web3-projects-would-rather-get-hacked-than-pay-bounty-finance-redefined\/"},"modified":"2022-12-23T23:20:00","modified_gmt":"2022-12-23T20:20:00","slug":"web3-projects-would-rather-get-hacked-than-pay-bounty-finance-redefined","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/web3-projects-would-rather-get-hacked-than-pay-bounty-finance-redefined\/","title":{"rendered":"# Web3 projects would rather get hacked than pay bounty: Finance Redefined"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a25d765acb2e\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a25d765acb2e\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/web3-projects-would-rather-get-hacked-than-pay-bounty-finance-redefined\/#%E2%80%9D_Web3_projects_would_rather_get_hacked_than_pay_bounty_Finance_Redefined_%E2%80%9C\" >&#8221; Web3 projects would rather get hacked than pay bounty: Finance Redefined   &#8220;<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/web3-projects-would-rather-get-hacked-than-pay-bounty-finance-redefined\/#Uniswap_to_allow_users_to_buy_cryptocurrency_using_debit_and_credit_cards\" >Uniswap to allow users to buy cryptocurrency using debit and credit cards<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/web3-projects-would-rather-get-hacked-than-pay-bounty-finance-redefined\/#Projects_would_rather_get_hacked_than_pay_bounties_Web3_developer_claims\" >Projects would rather get hacked than pay bounties, Web3 developer claims<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/web3-projects-would-rather-get-hacked-than-pay-bounty-finance-redefined\/#Ankr_says_ex-employee_caused_5M_exploit_vows_to_improve_security\" >Ankr says ex-employee caused $5M exploit, vows to improve security<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/buradabiliyorum.com\/en\/web3-projects-would-rather-get-hacked-than-pay-bounty-finance-redefined\/#DeFi_NFT_blockchain_games_Key_takeaways_from_DappRadars_2022_review\" >DeFi, NFT, blockchain games: Key takeaways from DappRadar\u2019s 2022 review<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/buradabiliyorum.com\/en\/web3-projects-would-rather-get-hacked-than-pay-bounty-finance-redefined\/#DeFi_market_overview\" >DeFi market overview<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Web3_projects_would_rather_get_hacked_than_pay_bounty_Finance_Redefined_%E2%80%9C\"><\/span>&#8221; Web3 projects would rather get hacked than pay bounty: Finance Redefined   &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-71d2d00b>Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights \u2014 a <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a>letter crafted to bring you significant developments over the last week.<\/p>\n<p>Uniswap, one of the leading decentralized exchange platforms, is integrating debit and credit card support for its users. It will allow Uniswap users to buy cryptocurrency directly with their cards.<\/p>\n<p>An ex-employee caused Ankr protocol\u2019s recent $5 million hack. The DeFi protocol alerted relevant authorities and is seeking to prosecute the attacker while shoring up its security practices. <\/p>\n<p>A Web3 developer has claimed that many crypto ecosystem projects would rather get hacked than pay bounties. After reporting and helping patch a smart contract vulnerability, the developer claims that the projects he helped started to ignore him. However, despite a tumultuous year, DeFi, nonfungible tokens (NFTs) and blockchain <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/game\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Game\" target=\"_blank\" rel=\"noopener\">game<\/a>s drove decentralized <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>lication (DApp) usage across the industry, according to DappRadar\u2019s 2022 report.<\/p>\n<p>The top 100 DeFi tokens had a bearish week, with nearly all of the tokens trading in red on the weekly charts.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Uniswap_to_allow_users_to_buy_cryptocurrency_using_debit_and_credit_cards\"><\/span>Uniswap to allow users to buy cryptocurrency using debit and credit cards<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Decentralized exchange Uniswap has partnered with fintech company Moonpay to allow users to buy cryptocurrency on its web app using debit cards, credit cards, and bank transfers. The bank transfer option is being rolled out for users within most United States states, Brazil, the United Kingdom, and the Single Euro Payments Area, also known as SEPA.<\/p>\n<p>In the announcement made on Dec. 20, Uniswap shared that its users will now be able to convert fiat to cryptocurrency on the Ethereum mainnet, Polygon, Optimism and Artibrum in a matter of minutes. <\/p>\n<p><strong>Continue reading<\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Projects_would_rather_get_hacked_than_pay_bounties_Web3_developer_claims\"><\/span>Projects would rather get hacked than pay bounties, Web3 developer claims<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>As hacks and exploits continue to be rampant within the crypto industry, finding vulnerabilities to prevent potential losses is of utmost importance. However, a Web3 developer highlighted that doing so is not rewarding.<\/p>\n<p>In a tweet, a Web3 developer claimed that he found a vulnerability in a Solana smart contract that would have affected several projects and around $30 million in funds. According to the dev, he reported and helped patch the vulnerabilities. However, when it was time to ask for a reward, the projects just started to ignore him.<\/p>\n<p><strong>Continue reading<\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Ankr_says_ex-employee_caused_5M_exploit_vows_to_improve_security\"><\/span>Ankr says ex-employee caused $5M exploit, vows to improve security<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A $5 million hack of the Ankr protocol on Dec. 1 was caused by a former team member, according to a Dec. 20 announcement from the Ankr team.<\/p>\n<p>The ex-employee conducted a \u201csupply chain attack\u201d by putting malicious code into a package of future updates to the team\u2019s internal software. Once this software was updated, the malicious code created a security vulnerability that allowed the attacker to steal the team\u2019s deployer key from the company\u2019s server.<\/p>\n<p><strong>Continue reading<\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"DeFi_NFT_blockchain_games_Key_takeaways_from_DappRadars_2022_review\"><\/span>DeFi, NFT, blockchain games: Key takeaways from DappRadar\u2019s 2022 review<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>2022 will go down as a challenging year for the cryptocurrency and blockchain space, but the adversity faced has been sprinkled with plenty of positives in the DApp ecosystem.<\/p>\n<p>DappRadar has released its yearly report on the industry, focusing on challenges faced alongside notable technological achievements and increasing daily users.<\/p>\n<p><strong>Continue reading<\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"DeFi_market_overview\"><\/span>DeFi market overview<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Analytical data reveals that DeFi\u2019s total market value dipped below $40 billion this past week, trading at about $38.1 billion at the time of writing. Data from Cointelegraph Markets Pro and TradingView, show that DeFi\u2019s top 100 tokens by market capitalization had a volatile and bearish week, with nearly all of the tokens trading in the red.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-12\/7c517e16-47e1-426d-a84d-26b14de764a4.png\"><\/figure>\n<p>Thanks for reading our summary of this week\u2019s most impactful DeFi developments. Join us next Friday for more stories, insights and education in this dynamically advancing space.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"defi_newsletter\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/web3-projects-would-rather-get-hacked-than-pay-bounty-finance-redefined\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Web3 projects would rather get hacked than pay bounty: Finance Redefined &#8220; Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights \u2014 a newsletter crafted to bring you significant developments over the last week. Uniswap, one of the leading decentralized exchange platforms, is integrating debit and credit card support for&#8230;<\/p>\n","protected":false},"author":1,"featured_media":530953,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1200\/https:\/\/s3.cointelegraph.com\/uploads\/2022-12\/b2418133-e8f0-47f3-93ef-7ae996dbb209.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74863,74868,74882,95118,88700,93542,70944],"class_list":["post-530952","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-cryptocurrencies","tag-defi","tag-hacks","tag-nft","tag-uniswap","tag-web3","tag-hackers"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/530952","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=530952"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/530952\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/530953"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=530952"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=530952"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=530952"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}