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		<title>What is Zeebu (ZBU)?</title>
		<link>https://coinengineer.net/blog/what-is-zeebu-zbu/</link>
					<comments>https://coinengineer.net/blog/what-is-zeebu-zbu/#respond</comments>
		
		<dc:creator><![CDATA[Emre Yumlu]]></dc:creator>
		<pubDate>Wed, 10 Sep 2025 15:00:58 +0000</pubDate>
				<category><![CDATA[Altcoin Projects]]></category>
		<category><![CDATA[Project review]]></category>
		<category><![CDATA[BBT Voice&SMS]]></category>
		<category><![CDATA[Binance Smart Chain (BSC)]]></category>
		<category><![CDATA[CertiK]]></category>
		<category><![CDATA[ethereum]]></category>
		<category><![CDATA[Hayo]]></category>
		<category><![CDATA[Novatel]]></category>
		<category><![CDATA[telecom]]></category>
		<category><![CDATA[tokenomics]]></category>
		<category><![CDATA[Voice]]></category>
		<category><![CDATA[what is Zeebu (ZBU)]]></category>
		<category><![CDATA[zbu coin]]></category>
		<category><![CDATA[zbu token]]></category>
		<guid isPermaLink="false">https://coinengineer.net/blog/?p=50693</guid>

					<description><![CDATA[<p>Cryptocurrency and blockchain technologies hold the potential to revolutionize traditional industries. Zeebu (ZBU) stands out as a decentralized platform aiming to transform the telecom wholesale voice industry. Addressing inefficiencies, lack of transparency, and trust issues in traditional voice traffic exchange, Zeebu leverages blockchain technology to offer a secure, transparent, and fast ecosystem. So, what exactly</p>
<p>The post <a href="https://coinengineer.net/blog/what-is-zeebu-zbu/">What is Zeebu (ZBU)?</a> appeared first on <a href="https://coinengineer.net/blog">Coin Engineer</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p dir="ltr">Cryptocurrency and blockchain technologies hold the potential to revolutionize traditional industries. <strong>Zeebu (ZBU)</strong> stands out as a decentralized platform aiming to transform the <strong>telecom</strong> wholesale <strong>voice</strong> industry. Addressing inefficiencies, lack of transparency, and trust issues in traditional voice traffic exchange, Zeebu leverages <a href="https://coinengineer.net/blog/zano-privacy-blockchain-confidential-assets/">blockchain</a> technology to offer a secure, transparent, and fast ecosystem. So, what exactly is Zeebu, how does it work, and why is it significant? Let’s dive in.</p>
<h2 dir="ltr">What is Zeebu (ZBU)?</h2>
<p dir="ltr">Zeebu is a platform providing a decentralized and transparent ecosystem for the telecom wholesale voice industry. This sector, which facilitates the exchange of voice, data, and messaging services between operators and carriers, often faces challenges like high costs, payment delays, and lack of transparency. Zeebu resolves these issues using blockchain technology, smart contracts, and decentralized finance (DeFi) protocols. Enabling direct voice traffic exchange between buyers and sellers, the platform offers transparent transaction records, fast payments, and loyalty rewards. The $ZBU token plays a central role in the platform’s operations, used for transaction fees and loyalty rewards.</p>
<p dir="ltr">Built on Ethereum and Binance Smart Chain (BSC), Zeebu is supported by CertiK-audited smart contracts. The platform aims to make the industry more competitive by providing cost savings, operational efficiency, and increased trust for telecom carriers. With partnerships like Novatel, Hayo, BBT Voice&amp;SMS, Axistel FZE, and MGW, Zeebu offers an innovative solution in the global telecom market.</p>
<p dir="ltr"><img fetchpriority="high" decoding="async" class="size-full wp-image-169878 aligncenter" src="https://coinmuhendisi.com/blog/wp-content/uploads/2025/09/zeebu.png" alt="" width="1347" height="573" /></p>
<h2 dir="ltr">Key Features of Zeebu (ZBU)</h2>
<p dir="ltr">Zeebu introduces transformative features for the telecom wholesale voice industry. Here are the platform’s core features:</p>
<h3 dir="ltr">1. Decentralized Voice Trading</h3>
<p dir="ltr">Zeebu enables buyers and sellers to exchange voice traffic without intermediaries. The blockchain-based platform ensures all transactions are transparent and auditable.</p>
<h3 dir="ltr">2. Smart Contract-Based Payments</h3>
<p dir="ltr">Smart contracts automate payments and eliminate the need for intermediaries. Payments occur instantly based on predefined conditions, reducing delays and disputes.</p>
<h3 dir="ltr">3. Loyalty Rewards</h3>
<p dir="ltr">For every successful transaction, users and merchants earn up to 2.5% of the transaction value in $ZBU tokens. These rewards can be used for invoice payments or liquidated on exchanges.</p>
<h3 dir="ltr">4. Transparent Pricing</h3>
<p dir="ltr">Zeebu ensures full transparency in pricing and payment processes. Transactions are traceable and verifiable on Ethereum’s public ledger.</p>
<h3 dir="ltr">5. Security and Compliance</h3>
<p dir="ltr">With 256-bit encryption, multi-signature (multi-sig) wallets, and OWASP compliance, the platform minimizes fraud and cyberattack risks. KYC/AML policies and SoC2 standards ensure regulatory compliance.</p>
<h3 dir="ltr">6. Fast and Low-Cost Transactions</h3>
<p dir="ltr">Zeebu eliminates delays and high costs in international payments. Transaction fees are as low as 1%, compared to traditional systems.</p>
<h3 dir="ltr">7. User-Friendly Interface</h3>
<p dir="ltr">Zeebu’s intuitive dashboard consolidates merchant and customer transactions in a single view. Its mobile-compatible design ensures access anytime, anywhere.</p>
<p dir="ltr"><img decoding="async" class="size-full wp-image-169888 aligncenter" src="https://coinmuhendisi.com/blog/wp-content/uploads/2025/09/zeebu-1-1.png" alt="" width="1344" height="548" /></p>
<h2 dir="ltr">How Zeebu (ZBU) Works</h2>
<p dir="ltr">Zeebu provides a unified platform to streamline telecom carrier operations:</p>
<ol class="tight" dir="ltr" data-tight="true">
<li>
<p dir="ltr">Single View Dashboard: Merchant and customer transactions, invoicing, payments, rewards, and wallet balances are managed in one intuitive interface.</p>
</li>
<li>
<p dir="ltr">Payment Processor: Zeebu’s payment processor converts $ZBU tokens to fiat or stable tokens, enabling fast and secure transactions.</p>
</li>
<li>
<p dir="ltr">Smart Contracts: Payments and invoice settlements are automated with OpenZeppelin-based smart contracts, ensuring transparency and accuracy.</p>
</li>
<li>
<p dir="ltr">Loyalty Rewards: For each successful transaction, merchants earn 1.1% and customers up to 1.4% of the invoice value in $ZBU rewards.</p>
</li>
<li>
<p dir="ltr">Security: Multi-signature wallets, 256-bit encryption, and DDoS protection enhance transaction security.</p>
</li>
<li>
<p dir="ltr">Global Access: The platform supports multiple fiat currencies and stable tokens, offering flexibility for carriers across different regions.</p>
</li>
</ol>
<h2 dir="ltr">Benefits of Zeebu (ZBU) to Stakeholders</h2>
<ul class="tight" dir="ltr" data-tight="true">
<li>
<p dir="ltr">Merchants and Customers: Low transaction fees and loyalty rewards provide cost savings, while transparent processes enhance trust.</p>
</li>
<li>
<p dir="ltr">Carriers: Fast payments and automated settlements improve operational efficiency.</p>
</li>
<li>
<p dir="ltr">Token Holders: Earn additional income by staking $ZBU or receiving rewards.</p>
</li>
<li>
<p dir="ltr">Community: Contributes to the growth of the telecom industry through a decentralized and transparent ecosystem.</p>
</li>
</ul>
<h2 dir="ltr">Zeebu (ZBU) Tokenomics</h2>
<p dir="ltr">$ZBU is Zeebu’s loyalty and utility token:</p>
<ul class="tight" dir="ltr" data-tight="true">
<li>
<p dir="ltr">Token Name: ZBU</p>
</li>
<li>
<p dir="ltr">Total Supply: 5,000,000,000 ZBU</p>
</li>
<li>
<p dir="ltr">Standard: Ethereum ERC20, Binance Smart Chain BEP20, and BASE ERC20</p>
</li>
<li>
<p dir="ltr">Use Cases:</p>
<ul class="tight" dir="ltr" data-tight="true">
<li>
<p dir="ltr">Invoice Settlement: Authorized merchants and customers settle invoices with $ZBU.</p>
</li>
<li>
<p dir="ltr">Loyalty Rewards: Up to 2.5% of each transaction’s value in $ZBU rewards (1.1% for merchants, 1.4% for customers).</p>
</li>
<li>
<p dir="ltr">Governance Rewards: Early backers contributing to platform governance earn additional rewards.</p>
</li>
<li>
<p dir="ltr">Transaction Fees: A 1% fee is paid in $ZBU to the payment processor.</p>
</li>
</ul>
</li>
<li>
<p dir="ltr">Distribution:</p>
<ul class="tight" dir="ltr" data-tight="true">
<li>
<p dir="ltr">Settlement and Loyalty: 25%</p>
</li>
<li>
<p dir="ltr">ZBU Labs: 20%</p>
</li>
<li>
<p dir="ltr">Treasury/Reserve: 15%</p>
</li>
<li>
<p dir="ltr">ZBU Club: 5%</p>
</li>
<li>
<p dir="ltr">Accumulated Burn: 8%</p>
</li>
<li>
<p dir="ltr">Private Sale: 10%</p>
</li>
<li>
<p dir="ltr">Liquid Tokens in Market: 7%</p>
</li>
<li>
<p dir="ltr">Team and Advisors: 6%</p>
</li>
<li>
<p dir="ltr">Founders: 4%</p>
</li>
</ul>
</li>
<li>
<p dir="ltr">Circulating Supply: At launch, 369 million tokens will be listed on decentralized exchanges (e.g., Uniswap).</p>
</li>
</ul>
<p><img decoding="async" class="size-full wp-image-169881 aligncenter" src="https://coinmuhendisi.com/blog/wp-content/uploads/2025/09/zeebu-tokenomics.jpg" alt="" width="928" height="554" /></p>
<h2 dir="ltr">Zeebu Roadmap</h2>
<p dir="ltr">Zeebu is advancing toward transforming the telecom wholesale voice industry:</p>
<ul class="tight" dir="ltr" data-tight="true">
<li>
<p dir="ltr">2023: Platform development, payment processor partnerships, and smart contract audits.</p>
</li>
<li>
<p dir="ltr">2024: Testnet launch on BNB Chain and Ethereum, KYC/AML integration.</p>
</li>
<li>
<p dir="ltr">2025: Mainnet launch, $ZBU listing on centralized exchanges, and global market expansion.</p>
</li>
<li>
<p dir="ltr">Future: Integration of additional telecom services and expansion to new regions.</p>
</li>
</ul>
<h2 dir="ltr">Zeebu (ZBU) Partners</h2>
<p dir="ltr">Zeebu has established strong partnerships in the telecom industry. Collaborations with Novatel, Hayo, BBT Voice&amp;SMS, Axistel FZE, and MGW enhance the platform’s global reach and service diversity.</p>
<p dir="ltr"><img loading="lazy" decoding="async" class="size-full wp-image-169883 aligncenter" src="https://coinmuhendisi.com/blog/wp-content/uploads/2025/09/zeebu-partners.jpg" alt="" width="907" height="389" /></p>
<h2 dir="ltr">Zeebu (ZBU) Team</h2>
<p dir="ltr">Zeebu is led by a team with decades of experience in finance, blockchain, and telecom industries. Founder and CEO Raj Brahmbhatt is an expert in innovative financial technologies. Co-founder and COO Keshav Pandya is an experienced entrepreneur in blockchain and tech startups. Co-founder and CMO Raghavendra Hunasgi is a globally recognized marketing and branding expert.</p>
<p dir="ltr"><img loading="lazy" decoding="async" class="size-full wp-image-169884 aligncenter" src="https://coinmuhendisi.com/blog/wp-content/uploads/2025/09/zeebu-team.jpg" alt="" width="1280" height="492" /></p>
<h2 dir="ltr">Official Links</h2>
<ul>
<li dir="ltr"><a href="https://www.zeebu.com/">Website</a></li>
<li dir="ltr"><a href="https://x.com/zeebuofficial">X (Twitter)</a></li>
<li dir="ltr"><a href="https://zeebu.gitbook.io/zeebu-whitepaper-2.0/Eo5Icop4mRkIyIwSDGM8">Whitepaper</a></li>
</ul>
<p dir="ltr"></p>
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<p dir="ltr"><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our <a href="https://t.me/coinengineernews" target="_blank" rel="nofollow noopener"><strong>Telegram, </strong></a><a href="https://www.youtube.com/@CoinEngineer" target="_blank" rel="nofollow noopener"><strong>YouTube</strong></a>, and <a href="https://twitter.com/coinengineers" target="_blank" rel="nofollow noopener"><strong>Twitter</strong></a> channels for the latest <a title="News" href="https://coinengineer.net/blog/news/" data-internallinksmanager029f6b8e52c="7">news</a> and updates.</em></p>
<p>The post <a href="https://coinengineer.net/blog/what-is-zeebu-zbu/">What is Zeebu (ZBU)?</a> appeared first on <a href="https://coinengineer.net/blog">Coin Engineer</a>.</p>
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		<item>
		<title>What is BitDCA (BDCA)?</title>
		<link>https://coinengineer.net/blog/what-is-bitdca-bdca/</link>
					<comments>https://coinengineer.net/blog/what-is-bitdca-bdca/#respond</comments>
		
		<dc:creator><![CDATA[Emre Yumlu]]></dc:creator>
		<pubDate>Wed, 10 Sep 2025 13:00:03 +0000</pubDate>
				<category><![CDATA[DeFi Projects]]></category>
		<category><![CDATA[Project review]]></category>
		<category><![CDATA[bdca coin]]></category>
		<category><![CDATA[bdca token]]></category>
		<category><![CDATA[Bitcoin savings]]></category>
		<category><![CDATA[CertiK]]></category>
		<category><![CDATA[cryptocurrencies]]></category>
		<category><![CDATA[dollar-cost averaging (DCA)]]></category>
		<category><![CDATA[gold]]></category>
		<category><![CDATA[Littlebit]]></category>
		<category><![CDATA[S&P 500]]></category>
		<category><![CDATA[what is BitDCA (BDCA)]]></category>
		<guid isPermaLink="false">https://coinengineer.net/blog/?p=50622</guid>

					<description><![CDATA[<p>In the world of cryptocurrency and blockchain, innovative solutions that simplify Bitcoin investments are gaining increasing attention. BitDCA (BDCA) stands out with its Littlebit mobile application, which automates Bitcoin savings and makes it accessible to everyone. By blending traditional financial habits with modern technology, this project enables users to turn their daily spending into Bitcoin</p>
<p>The post <a href="https://coinengineer.net/blog/what-is-bitdca-bdca/">What is BitDCA (BDCA)?</a> appeared first on <a href="https://coinengineer.net/blog">Coin Engineer</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p dir="ltr">In the world of cryptocurrency and blockchain, innovative solutions that simplify Bitcoin investments are gaining increasing attention. <strong>BitDCA (BDCA)</strong> stands out with its Littlebit mobile application, which automates <strong><a href="https://coinengineer.net/blog/us-congress-pushes-for-critical-report-on-bitcoin-reserve/">Bitcoin</a> savings</strong> and makes it accessible to everyone. By blending traditional financial habits with modern technology, this project enables users to turn their daily spending into Bitcoin investments. So, what is BitDCA, how does it work, and why is it so significant? Let’s dive in.</p>
<h2 dir="ltr">What is BitDCA (BDCA)?</h2>
<p dir="ltr">BitDCA is a Czech Republic-based fintech project that offers a platform through its Littlebit application to automate Bitcoin savings. Founded in 2019, the project allows users to convert a predetermined percentage of their payment card transactions into Bitcoin, utilizing a <strong>dollar-cost averaging (DCA)</strong> strategy. This provides an easy, secure, and modern investment method for both newcomers and experienced investors in the crypto space. The platform’s native token, $BDCA, enables users to earn a share of transaction fees generated by the Littlebit app.</p>
<p dir="ltr">BitDCA has secured a strong financial foundation with $2 million in shareholder investments and $6 million raised through a private token sale. With over 1,000 token holders and a growing community, the project ensures reliability and transparency with smart contracts audited by CertiK. BitDCA aims to reach a global user base and plans to support additional investment assets (cryptocurrencies, gold, S&amp;P 500) in the future.</p>
<p dir="ltr"><img loading="lazy" decoding="async" class="size-full wp-image-169742 aligncenter" src="https://coinmuhendisi.com/blog/wp-content/uploads/2025/09/bitdca-1.png" alt="" width="1203" height="460" /></p>
<h2 dir="ltr">Key Features of BitDCA (BDCA)</h2>
<p dir="ltr">BitDCA stands out with its user-friendly features that automate Bitcoin savings. Here are the platform’s core features:</p>
<h3 dir="ltr">1. Automated Bitcoin Savings</h3>
<p dir="ltr">The Littlebit app automatically converts a set percentage of each card payment into Bitcoin, eliminating manual investment processes and making regular savings effortless.</p>
<h3 dir="ltr">2. User-Friendly Interface</h3>
<p dir="ltr">The app is designed to be intuitive and accessible to everyone. Users can connect their payment cards and set a savings percentage to start accumulating Bitcoin instantly.</p>
<h3 dir="ltr">3. Secure Storage</h3>
<p dir="ltr">Users’ Bitcoin is stored in secure, multi-signature wallets. Individual sub-accounts are created for each user, and a legal custody agreement ensures users remain the sole owners of their assets.</p>
<h3 dir="ltr">4. Flexible Withdrawal Options</h3>
<p dir="ltr">Users can withdraw their accumulated Bitcoin to their own wallets or exchanges at any time. Automated withdrawals can also be set up when savings reach a threshold, such as $100.</p>
<h3 dir="ltr">5. Regulatory Compliance</h3>
<p dir="ltr">The platform employs KYC/AML screenings and a risk-based approach to mitigate money laundering (AML), terrorist financing (CTF), and fraud risks. All sensitive operations are audited and secured.</p>
<h3 dir="ltr">6. $BDCA Token</h3>
<p dir="ltr">The $BDCA token is used to distribute a share of transaction fees from the Littlebit app. Token holders receive these fees every 14 days, benefiting from additional income. The tokens operate on the BNB Chain and have a deflationary structure, audited by CertiK.</p>
<h3 dir="ltr">7. Transparency and Self-Custody</h3>
<p dir="ltr">BitDCA stores users’ Bitcoin in secure sub-accounts, ensuring full ownership. Transparent custody services and legal agreements enhance user trust.</p>
<p dir="ltr"><img loading="lazy" decoding="async" class="size-full wp-image-169743 aligncenter" src="https://coinmuhendisi.com/blog/wp-content/uploads/2025/09/bitdca-2.png" alt="" width="1524" height="583" /></p>
<h2 dir="ltr">How BitDCA (BDCA) Works</h2>
<p dir="ltr">BitDCA transforms daily spending into Bitcoin savings as follows:</p>
<ol class="tight" dir="ltr" data-tight="true">
<li>
<p dir="ltr">Card Linking: Users connect their existing Mastercard or Visa cards to the Littlebit app.</p>
</li>
<li>
<p dir="ltr">Savings Percentage Setting: A percentage (e.g., 5%) is set to be converted to Bitcoin from each card payment.</p>
</li>
<li>
<p dir="ltr">Automated Investment: When a user spends, for example, €10, the set percentage is automatically used to purchase Bitcoin.</p>
</li>
<li>
<p dir="ltr">Secure Storage: Purchased Bitcoin is stored in multi-signature wallets in user-specific sub-accounts.</p>
</li>
<li>
<p dir="ltr">Flexible Withdrawals: Users can transfer their Bitcoin to personal wallets at any time or set up automated withdrawals.</p>
</li>
<li>
<p dir="ltr">$BDCA Rewards: Token holders receive a share of transaction fees from the app every 14 days.</p>
</li>
</ol>
<h2 dir="ltr">Benefits of BitDCA (BDCA) to Stakeholders</h2>
<ul class="tight" dir="ltr" data-tight="true">
<li>
<p dir="ltr">Users: Effortlessly turn daily spending into Bitcoin savings with minimal risk.</p>
</li>
<li>
<p dir="ltr">Token Holders: Earn regular income by staking $BDCA and sharing app transaction fees.</p>
</li>
<li>
<p dir="ltr">Investors: Benefit from the potential value appreciation of $BDCA as the project grows.</p>
</li>
<li>
<p dir="ltr">Community: Gain access to a platform that democratizes Bitcoin investments.</p>
</li>
</ul>
<p><img loading="lazy" decoding="async" class="size-full wp-image-169744 aligncenter" src="https://coinmuhendisi.com/blog/wp-content/uploads/2025/09/bitdca-3.png" alt="" width="1872" height="509" /></p>
<h2 dir="ltr">BitDCA (BDCA) Tokenomics</h2>
<p dir="ltr">The $BDCA token is the platform’s core utility token with a total supply of 142,666,667. The token distribution is as follows:</p>
<ul class="tight" dir="ltr" data-tight="true">
<li>
<p dir="ltr">Staking: 45.10%<br />
The majority of tokens enable users to stake and earn a share of transaction fees.</p>
</li>
<li>
<p dir="ltr">Community: 21.48%<br />
Allocated to encourage community participation.</p>
</li>
<li>
<p dir="ltr">Treasury: 12.12%<br />
Used for operational expenses and development.</p>
</li>
<li>
<p dir="ltr">Partnerships: 7.20%<br />
Supports strategic collaborations.</p>
</li>
<li>
<p dir="ltr">Liquidity: 2.63%<br />
Enhances token liquidity on exchanges.</p>
</li>
<li>
<p dir="ltr">Team: 6.31%<br />
Allocated to team members, subject to community-focused vesting rules.</p>
</li>
<li>
<p dir="ltr">Free Floating Supply: 5.08%<br />
Freely traded in the market.</p>
</li>
</ul>
<p><img loading="lazy" decoding="async" class="size-full wp-image-169741 aligncenter" src="https://coinmuhendisi.com/blog/wp-content/uploads/2025/09/bitdca-tokenomics.png" alt="" width="1220" height="469" /></p>
<p dir="ltr">Additional Features:</p>
<ul class="tight" dir="ltr" data-tight="true">
<li>
<p dir="ltr">Tokens operate on the BNB Chain as BEP-20 and are audited by CertiK.</p>
</li>
<li>
<p dir="ltr">A deflationary structure includes token burning.</p>
</li>
<li>
<p dir="ltr">Team tokens are released based on contributions to increasing token value.</p>
</li>
<li>
<p dir="ltr">The private sale raised $6 million, with 90% of tokens staked long-term.</p>
</li>
</ul>
<h2 dir="ltr">BitDCA Roadmap</h2>
<p dir="ltr">BitDCA has made significant progress since 2022:</p>
<ul class="tight" dir="ltr" data-tight="true">
<li>
<p dir="ltr">2022: Feasibility analysis, business plan, and shareholder funding.</p>
</li>
<li>
<p dir="ltr">2023-2024: Partner selection, transaction flows, $BDCA tokenomics, and smart contract audits.</p>
</li>
<li>
<p dir="ltr">Q3 2025: Launch of the Littlebit app on iOS and Android.</p>
</li>
<li>
<p dir="ltr">Future: Integration of additional assets (cryptocurrencies, gold, S&amp;P 500) and global market expansion.</p>
</li>
</ul>
<h2 dir="ltr">BitDCA (BDCA) Partners</h2>
<p dir="ltr">BitDCA collaborates with one of the Czech Republic’s leading software companies to develop the app. The project is backed by prominent shareholders, including Aleš Minx (PPF Group), Miloslav Vyhnal (KKCG and RSBC), and Vladislav Fedoš (ALPINE PRO), enhancing its credibility and potential.</p>
<p dir="ltr"><img loading="lazy" decoding="async" class="size-full wp-image-169740 aligncenter" src="https://coinmuhendisi.com/blog/wp-content/uploads/2025/09/bitdca-investor.avif" alt="" width="1340" height="467" /></p>
<h2 dir="ltr">BitDCA (BDCA) Team</h2>
<p dir="ltr">BitDCA, a Czech Republic-based fintech project, is led by an experienced team. Founder and CEO Jan Zaruba shapes the project’s vision, while co-founder and head of blockchain development Ondrej Kavka leads the technical infrastructure. Chief business officer and head of growth Marian Lechnyr drives global market strategies, and CTO and product owner Radim Trojek plays a key role in developing the Littlebit app.</p>
<p dir="ltr"><img loading="lazy" decoding="async" class="size-full wp-image-169739 aligncenter" src="https://coinmuhendisi.com/blog/wp-content/uploads/2025/09/bitdca-teamm.png" alt="" width="1180" height="296" /></p>
<h2 dir="ltr">Official Links</h2>
<ul>
<li dir="auto"><a href="https://www.bitdca.com/">Website</a></li>
<li dir="auto"><a href="https://x.com/bitdcaOFFICIAL">X (Twitter)</a></li>
<li dir="auto"><a href="https://gitbook.bitdca.com/">Whitepaper</a></li>
</ul>
<p></p>
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<p>&nbsp;</p>
<p><em class="darkmysite_style_txt_border darkmysite_processed" data-darkmysite_alpha_bg="rgba(0, 0, 0, 0)">You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our <a class="darkmysite_style_txt_border darkmysite_style_link darkmysite_processed" href="https://t.me/coinengineernews" target="_blank" rel="nofollow noopener" data-darkmysite_alpha_bg="rgba(0, 0, 0, 0)">Telegram, </a><a class="darkmysite_style_txt_border darkmysite_style_link darkmysite_processed" href="https://www.youtube.com/@CoinEngineer" target="_blank" rel="nofollow noopener" data-darkmysite_alpha_bg="rgba(0, 0, 0, 0)">YouTube</a>, and <a class="darkmysite_style_txt_border darkmysite_style_link darkmysite_processed" href="https://twitter.com/coinengineers" target="_blank" rel="nofollow noopener" data-darkmysite_alpha_bg="rgba(0, 0, 0, 0)">Twitter</a> channels for the latest <a class="darkmysite_style_txt_border darkmysite_style_link darkmysite_processed" title="News" href="https://coinengineer.net/blog/news/" data-internallinksmanager029f6b8e52c="7" data-darkmysite_alpha_bg="rgba(0, 0, 0, 0)">news</a> and updates.</em></p>
<p>The post <a href="https://coinengineer.net/blog/what-is-bitdca-bdca/">What is BitDCA (BDCA)?</a> appeared first on <a href="https://coinengineer.net/blog">Coin Engineer</a>.</p>
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		<title>Unpacking Mantra&#8217;s OM Token Crash Requires Full Forensic Investigation</title>
		<link>https://coinengineer.net/blog/unpacking-mantras-om-token-crash-requires-full-forensic-investigation/</link>
					<comments>https://coinengineer.net/blog/unpacking-mantras-om-token-crash-requires-full-forensic-investigation/#respond</comments>
		
		<dc:creator><![CDATA[Yigit Taha OZTURK]]></dc:creator>
		<pubDate>Tue, 22 Apr 2025 17:00:46 +0000</pubDate>
				<category><![CDATA[Crypto News]]></category>
		<category><![CDATA[EN]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Arkham]]></category>
		<category><![CDATA[blockchain forensics]]></category>
		<category><![CDATA[centralized exchanges]]></category>
		<category><![CDATA[CertiK]]></category>
		<category><![CDATA[Coffeezilla]]></category>
		<category><![CDATA[crypto fraud]]></category>
		<category><![CDATA[forensic audit]]></category>
		<category><![CDATA[insider trading]]></category>
		<category><![CDATA[john mullin]]></category>
		<category><![CDATA[MANTRA]]></category>
		<category><![CDATA[Nansen]]></category>
		<category><![CDATA[OM token crash]]></category>
		<category><![CDATA[otc crypto deals]]></category>
		<category><![CDATA[token burn]]></category>
		<category><![CDATA[whale alert]]></category>
		<guid isPermaLink="false">https://coinengineer.net/blog/?p=40646</guid>

					<description><![CDATA[<p>The reasons behind Mantra’s OM token crash can’t be fully explained with blockchain analytics alone, according to Natalie Newson, senior investigator at blockchain security firm CertiK. Speaking to Cointelegraph, Newson said that uncovering the truth behind the April crash would require a full forensic study — similar to the one conducted after the collapse of</p>
<p>The post <a href="https://coinengineer.net/blog/unpacking-mantras-om-token-crash-requires-full-forensic-investigation/">Unpacking Mantra&#8217;s OM Token Crash Requires Full Forensic Investigation</a> appeared first on <a href="https://coinengineer.net/blog">Coin Engineer</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p class="" data-start="3495" data-end="3692">The reasons behind <strong data-start="3514" data-end="3541">Mantra’s OM token crash</strong> can’t be fully explained with blockchain analytics alone, according to <strong data-start="3613" data-end="3631">Natalie Newson</strong>, senior investigator at blockchain security firm <strong data-start="3681" data-end="3691">CertiK</strong>.</p>
<p class="" data-start="3694" data-end="3879">Speaking to Cointelegraph, Newson said that uncovering the truth behind the April crash would require <strong data-start="3796" data-end="3821">a full forensic study</strong> — similar to the one conducted after the collapse of FTX.</p>
<h2 data-start="3881" data-end="3923">OTC Deals Obscure the Full Picture</h2>
<p class="" data-start="3925" data-end="4187">In an April 15 interview with <strong data-start="3955" data-end="3970">Coffeezilla</strong>, <strong data-start="3972" data-end="3987">John Mullin</strong>, CEO of Mantra, admitted that the team had engaged in <strong data-start="4042" data-end="4082">up to $30 million worth of OTC deals</strong>. These trades, unlike on-chain transactions, are carried out off exchanges and lack public transparency.</p>
<p class="" data-start="3925" data-end="4187"><em>“The whale’s accumulation of 100 million OM tokens appears to stem from secondary market activity — not direct action by Mantra insiders,”</em> Newson explained.</p>
<p data-start="3925" data-end="4187"><img loading="lazy" decoding="async" class="aligncenter wp-image-153978 size-full" src="https://coinmuhendisi.com/blog/wp-content/uploads/2025/04/mantra.webp" alt="mantra" width="863" height="527" /></p>
<h2 data-start="4349" data-end="4401">Arkham and Nansen Cannot Offer Final Answers</h2>
<p class="" data-start="4403" data-end="4570">Mullin has denied any insider dumping, arguing that <strong data-start="4455" data-end="4465">Arkham</strong> mislabelled several wallets. But Newson said that even data from Arkham or <strong data-start="4541" data-end="4551">Nansen</strong> would not suffice:</p>
<hr />
<h4 data-start="1444" data-end="1471"><strong><em>You Might Be Interested In: <a href="https://coinengineer.net/blog/elon-musk-talks-about-the-name-of-a-new-memecoin/">Elon Musk Talks About the Name of a New Memecoin!</a></em></strong></h4>
<hr />
<p class="" data-start="4403" data-end="4570"><em>“To confirm insider coordination, more than basic wallet tracing is needed. Without offchain agreements or exchange records, reaching definitive conclusions is extremely difficult.”</em></p>
<h2 data-start="4757" data-end="4790">Audit Still Not Confirmed</h2>
<p class="" data-start="4792" data-end="4981">Mullin said the team is considering hiring a <strong data-start="4837" data-end="4857">forensic auditor</strong>, though no decision has been made yet. Mantra has asked <strong data-start="4914" data-end="4939">centralized exchanges</strong> to collaborate in analyzing the incident.</p>
<p class="" data-start="4983" data-end="5125"><strong data-start="4983" data-end="4998">Frank Weert</strong>, co-founder of <strong data-start="5014" data-end="5029">Whale Alert</strong>, also noted the difficulty in obtaining complete transaction histories, even at the node level.</p>
<hr />
<p data-start="4983" data-end="5125"><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our <a href="https://t.me/coinengineernews" target="_blank" rel="noreferrer noopener nofollow"><strong>Telegram, </strong></a><a href="https://www.youtube.com/@CoinEngineer" target="_blank" rel="noreferrer noopener nofollow"><strong>YouTube</strong></a>, and <a href="https://twitter.com/coinengineers" target="_blank" rel="nofollow noopener"><strong>Twitter</strong></a> channels for the latest <a title="News" href="https://coinengineer.net/blog/news/" data-internallinksmanager029f6b8e52c="7">news</a> and updates.</em></p>
<p>The post <a href="https://coinengineer.net/blog/unpacking-mantras-om-token-crash-requires-full-forensic-investigation/">Unpacking Mantra&#8217;s OM Token Crash Requires Full Forensic Investigation</a> appeared first on <a href="https://coinengineer.net/blog">Coin Engineer</a>.</p>
]]></content:encoded>
					
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		<title>Crypto Fraud Losses Drop in March</title>
		<link>https://coinengineer.net/blog/crypto-fraud-losses-drop-in-march/</link>
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		<dc:creator><![CDATA[Yigit Taha OZTURK]]></dc:creator>
		<pubDate>Tue, 01 Apr 2025 11:00:50 +0000</pubDate>
				<category><![CDATA[Crypto News]]></category>
		<category><![CDATA[EN]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[1inch]]></category>
		<category><![CDATA[Abracadabra.money]]></category>
		<category><![CDATA[binance]]></category>
		<category><![CDATA[bitcoin]]></category>
		<category><![CDATA[ByBit]]></category>
		<category><![CDATA[CertiK]]></category>
		<category><![CDATA[crypto attack]]></category>
		<category><![CDATA[hacker]]></category>
		<category><![CDATA[Phishing Attack]]></category>
		<category><![CDATA[scam]]></category>
		<category><![CDATA[smart contract exploit]]></category>
		<category><![CDATA[wallet breach]]></category>
		<category><![CDATA[Zoth]]></category>
		<guid isPermaLink="false">https://coinengineer.net/blog/?p=39414</guid>

					<description><![CDATA[<p>Losses from crypto scams, exploits, and hacks fell to $28.8 million in March, a significant drop from February’s $1.5 billion loss following the Bybit hack. According to blockchain security firm CertiK, the most significant loss was the $13 million smart contract exploit of the Abracadabra.money decentralized lending protocol on March 25. You Might Be Interested</p>
<p>The post <a href="https://coinengineer.net/blog/crypto-fraud-losses-drop-in-march/">Crypto Fraud Losses Drop in March</a> appeared first on <a href="https://coinengineer.net/blog">Coin Engineer</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p class="" data-start="1646" data-end="1820">Losses from <strong data-start="1658" data-end="1695">crypto scams, exploits, and hacks</strong> fell to <strong data-start="1704" data-end="1721">$28.8 million</strong> in March, a significant drop from <strong data-start="1756" data-end="1788">February’s $1.5 billion loss</strong> following the <strong data-start="1803" data-end="1812">Bybit</strong> hack.</p>
<p class="" data-start="1822" data-end="2023">According to <strong data-start="1835" data-end="1870">blockchain security firm CertiK</strong>, the most significant loss was the <strong data-start="1906" data-end="1921">$13 million</strong> smart contract exploit of the <strong data-start="1952" data-end="1973">Abracadabra.money</strong> decentralized lending protocol on <strong data-start="2008" data-end="2020">March 25</strong>.</p>
<hr />
<p data-start="2025" data-end="2081"><strong><em>You Might Be Interested In: <a href="https://coinengineer.net/blog/elon-musk-talks-about-the-name-of-a-new-memecoin/">Elon Musk Talks About the Name of a New Memecoin!</a></em></strong></p>
<hr />
<h2 data-start="2025" data-end="2081">Major Code Vulnerabilities and Wallet Breaches</h2>
<ul>
<li data-start="2084" data-end="2156"><strong data-start="2084" data-end="2108">Code vulnerabilities</strong> accounted for over <strong data-start="2128" data-end="2143">$14 million</strong> in losses.</li>
<li data-start="2159" data-end="2229"><strong data-start="2159" data-end="2181">Wallet compromises</strong> resulted in over <strong data-start="2199" data-end="2213">$8 million</strong> being stolen.</li>
<li data-start="2232" data-end="2331">The <strong data-start="2236" data-end="2244">Zoth</strong> protocol suffered a <strong data-start="2265" data-end="2281">$8.4 million</strong> loss after its deployer wallet was compromised.</li>
</ul>
<p><img loading="lazy" decoding="async" class="aligncenter wp-image-152493 size-full" src="https://coinmuhendisi.com/blog/wp-content/uploads/2025/04/kripto.jpg" alt="crypto" width="1056" height="1632" /></p>
<h2 data-start="2333" data-end="2368">Some Funds Were Recovered!</h2>
<p class="" data-start="2369" data-end="2608">While over <strong data-start="2380" data-end="2395">$33 million</strong> was stolen in total, decentralized exchange aggregator <strong data-start="2451" data-end="2460">1inch</strong> successfully recovered <strong data-start="2484" data-end="2517">most of the $5 million stolen</strong> in a <strong data-start="2523" data-end="2534">March 5</strong> exploit after negotiating a <strong data-start="2563" data-end="2587">bug bounty agreement</strong> with the attacker.</p>
<p class="" data-start="2610" data-end="2739">However, blockchain investigator <strong data-start="2643" data-end="2654">ZachXBT</strong> claimed that an unidentified <strong data-start="2684" data-end="2696">Coinbase</strong> user lost <strong data-start="2707" data-end="2736">400 Bitcoin ($34 million)</strong>.</p>
<p class="" data-start="2741" data-end="2887">Additionally, the <strong data-start="2759" data-end="2788">Australian Federal Police</strong> warned <strong data-start="2796" data-end="2810">130 people</strong> on <strong data-start="2814" data-end="2826">March 21</strong> about a <strong data-start="2835" data-end="2884">crypto scam impersonating exchange sender IDs</strong>.</p>
<hr />
<p data-start="2741" data-end="2887"><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our <a href="https://t.me/coinengineernews" target="_blank" rel="nofollow noopener"><strong>Telegram, </strong></a><a href="https://www.youtube.com/@CoinEngineer" target="_blank" rel="nofollow noopener"><strong>YouTube</strong></a>, and <a href="https://twitter.com/coinengineers" target="_blank" rel="nofollow noopener"><strong>Twitter</strong></a> channels for the latest <a title="News" href="https://coinengineer.net/blog/news/" data-internallinksmanager029f6b8e52c="7">news</a> and updates.</em></p>
<p>The post <a href="https://coinengineer.net/blog/crypto-fraud-losses-drop-in-march/">Crypto Fraud Losses Drop in March</a> appeared first on <a href="https://coinengineer.net/blog">Coin Engineer</a>.</p>
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		<title>The Greatest Threat to the Crypto World: Phishing Attacks</title>
		<link>https://coinengineer.net/blog/the-greatest-threat-to-the-crypto-world-phishing-attacks/</link>
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		<dc:creator><![CDATA[Tanju Akbıyık]]></dc:creator>
		<pubDate>Fri, 03 Jan 2025 15:36:28 +0000</pubDate>
				<category><![CDATA[News]]></category>
		<category><![CDATA[CertiK]]></category>
		<category><![CDATA[cybercrimes]]></category>
		<category><![CDATA[hack]]></category>
		<category><![CDATA[phishing]]></category>
		<category><![CDATA[scam]]></category>
		<guid isPermaLink="false">https://coinengineer.net/blog/?p=34414</guid>

					<description><![CDATA[<p>The cryptocurrency sector, especially in 2024, became a prime target for cybercrimes. Among these, phishing attacks emerged as the most significant security vulnerability, impacting millions of investors. A report published by blockchain security firm CertiK revealed that these attacks led to losses exceeding $1 billion throughout 2024. The Mechanism of Phishing Attacks Phishing attacks are</p>
<p>The post <a href="https://coinengineer.net/blog/the-greatest-threat-to-the-crypto-world-phishing-attacks/">The Greatest Threat to the Crypto World: Phishing Attacks</a> appeared first on <a href="https://coinengineer.net/blog">Coin Engineer</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>The cryptocurrency sector, especially in 2024, became a prime target for <strong>cybercrimes</strong>. Among these, <strong>phishing attacks</strong> emerged as the most significant security vulnerability, impacting millions of investors. A report published by blockchain security firm <a href="https://www.certik.com/resources/blog/3gKPgxHukAE46VW5J5Lvnq-hack3d-the-web3-security-report-2024"><span style="text-decoration: underline;"><strong>CertiK</strong></span></a> revealed that these attacks led to losses exceeding $1 billion throughout 2024.</p>
<h2>The Mechanism of Phishing Attacks</h2>
<p>Phishing attacks are a deceptive type of fraud designed to obtain sensitive information (<em>such as seed phrases and passwords</em>) that grants access to victims&#8217; crypto wallets. Attackers typically use fake websites or phishing links to lure users into providing critical details, which are then stolen.</p>
<h2>2024 Crypto Security Statistics</h2>
<p>According to CertiK’s report, the statistics for <em><strong>2024</strong></em> are alarming:</p>
<ul>
<li>Phishing attacks resulted in over $1 billion in losses across 296 incidents.</li>
<li>Private key compromises caused 65 incidents, leading to a total loss of $855 million.</li>
<li>Overall crypto hacking losses amounted to $2.3 billion, marking a 40% increase compared to the previous year.</li>
</ul>
<h2>Are New Threats on the Horizon?</h2>
<p>CertiK warns that phishing attacks may become more sophisticated in <em><strong>2025</strong></em>. The rapid advancement of <em><strong>artificial intelligence</strong></em> technology could unfortunately enable attackers to develop even more complex methods. Consequently, raising user awareness and keeping security protocols up to date are more critical than ever.</p>
<h2>Tips to Enhance Your Security</h2>
<p>To safeguard yourself in the crypto world:</p>
<ol>
<li><strong>Think twice before clicking on links in emails or messages.</strong></li>
<li><strong>Never share your private keys and store them offline.</strong></li>
<li><strong>Use reputable and trusted exchanges for your transactions.</strong></li>
</ol>
<p>While phishing attacks continue to cause significant losses in the crypto world, conscious steps can help minimize their impact. The lessons learned in 2024 can serve as a guide to building a more secure crypto ecosystem in 2025 and beyond.</p>
<hr />
<p><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our <a href="https://t.me/coinengineernews" target="_blank" rel="nofollow noopener"><strong>Telegram, </strong></a><a href="https://www.youtube.com/@CoinEngineer" target="_blank" rel="nofollow noopener"><strong>YouTube</strong></a>, and <a href="https://twitter.com/coinengineers" target="_blank" rel="nofollow noopener"><strong>Twitter</strong></a> channels for the latest <a title="News" href="https://coinengineer.net/blog/news/" data-internallinksmanager029f6b8e52c="7">news</a> and updates.</em></p>
<p>The post <a href="https://coinengineer.net/blog/the-greatest-threat-to-the-crypto-world-phishing-attacks/">The Greatest Threat to the Crypto World: Phishing Attacks</a> appeared first on <a href="https://coinengineer.net/blog">Coin Engineer</a>.</p>
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		<title>Kraken-CertiK Crisis Deepens: Missing Funds and Legal Battle</title>
		<link>https://coinengineer.net/blog/kraken-certik-crisis-deepens-missing-funds-and-legal-battle/</link>
					<comments>https://coinengineer.net/blog/kraken-certik-crisis-deepens-missing-funds-and-legal-battle/#respond</comments>
		
		<dc:creator><![CDATA[Tanju Akbıyık]]></dc:creator>
		<pubDate>Thu, 20 Jun 2024 15:00:13 +0000</pubDate>
				<category><![CDATA[Exchange News]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[CertiK]]></category>
		<category><![CDATA[kraken]]></category>
		<guid isPermaLink="false">https://coinengineer.io/?p=23175</guid>

					<description><![CDATA[<p>Kraken plans to take legal action against security firm CertiK. CertiK&#8217;s &#8220;white hat&#8221; operation turned into a legal mess. The Kraken-CertiK crisis began when security firm CertiK claimed to have conducted a white hat operation on certain Kraken accounts (not belonging to customers) and siphoned off approximately $3 million. While Kraken claims that the total</p>
<p>The post <a href="https://coinengineer.net/blog/kraken-certik-crisis-deepens-missing-funds-and-legal-battle/">Kraken-CertiK Crisis Deepens: Missing Funds and Legal Battle</a> appeared first on <a href="https://coinengineer.net/blog">Coin Engineer</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p><a href="https://coinengineer.net/blog/kraken-considers-100m-pre-ipo-funding/">Kraken</a> plans to take legal action against security firm CertiK. CertiK&#8217;s &#8220;white hat&#8221; operation turned into a legal mess.</p>
<p>The Kraken-CertiK crisis began when security firm CertiK claimed to have conducted a white hat operation on certain Kraken accounts (not belonging to customers) and siphoned off approximately $3 million. While Kraken claims that the total amount exploited was not returned to it, CertiK states that it returned all funds.</p>
<h2>Kraken Alleges Exploitation, CertiK Insists on White Hat Operation</h2>
<p>The Kraken-CertiK crisis began on June 9, when Kraken received a bug bounty program warning from a security researcher. The warning stated that there was a bug in Kraken&#8217;s system that allowed users to increase their account balances. The crypto exchange quickly fixed the bug and discovered three accounts that had used the bug to withdraw $3 million from the Kraken account.</p>
<p><a href="https://coinengineer.net/blog/kraken-considers-100m-pre-ipo-funding/">Kraken</a>&#8216;s research found that one in three accounts had Know Your Customer (KYC) verification, and this account used the error to add $4 to its account. Kraken security manager Nick Percoco said that this amount was enough to prove the bug and claim the reward, but the account shared the bug with two other accounts within a few days, and in total the three accounts earned $3 million from the exchange.</p>
<p>When Kraken asked the alleged “security researcher” to return the funds and collect his reward, the white hat hacker allegedly ignored the demands and claimed his reward first. While Kraken did not disclose the name of the security firm behind the &#8220;white hat&#8221; exploit, CertiK announced that they were behind the exploitation.</p>
<p>CertiK stated that its employees who discovered the security vulnerabilities were threatened and no wallet address was provided for the return of funds. Ronghui Gu, co-founder of CertiK, said in an interview:</p>
<p>&#8220;The verbal agreement reached during our meeting was not subsequently confirmed. Ultimately, they publicly accused us of theft and even directly threatened our employees, which is completely unacceptable.&#8221;<br />
CertiK reportedly sent the stolen amount to crypto mixing services such as Tornado Cash to prevent it from being frozen from crypto exchanges. This move caused serious criticism in the crypto community, questioning CertiK&#8217;s intentions behind its &#8220;white hat&#8221; operations.</p>
<hr />
<p><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our <a href="https://t.me/coinengineernews" target="_blank" rel="noreferrer noopener"><strong>Telegram, </strong></a><a href="https://www.youtube.com/@CoinEngineer" target="_blank" rel="noreferrer noopener"><strong>YouTube</strong></a>, and <a href="https://twitter.com/coinengineers"><strong>Twitter</strong></a> channels for the latest news and updates.</em></p>
<p>The post <a href="https://coinengineer.net/blog/kraken-certik-crisis-deepens-missing-funds-and-legal-battle/">Kraken-CertiK Crisis Deepens: Missing Funds and Legal Battle</a> appeared first on <a href="https://coinengineer.net/blog">Coin Engineer</a>.</p>
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		<title>PlayDapp Hack: 200 Million PLA Minted, Token Value Plummets 20%</title>
		<link>https://coinengineer.net/blog/playdapp-hack/</link>
					<comments>https://coinengineer.net/blog/playdapp-hack/#respond</comments>
		
		<dc:creator><![CDATA[admin]]></dc:creator>
		<pubDate>Sat, 10 Feb 2024 18:00:33 +0000</pubDate>
				<category><![CDATA[Crypto News]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[CertiK]]></category>
		<category><![CDATA[PLA token]]></category>
		<category><![CDATA[playdapp]]></category>
		<category><![CDATA[PlayDapp Hack]]></category>
		<guid isPermaLink="false">https://coinengineer.io/blog/?p=11619</guid>

					<description><![CDATA[<p>A major security breach has rocked the PlayDapp ecosystem, causing chaos and financial losses for its users. Blockchain security firm CertiK detected a compromise of PlayDapp&#8217;s private keys, leading to the unauthorized creation of 200 million PLA tokens. Millions Minted, Value Melts This unauthorized minting event significantly inflated the PLA token supply, triggering a rapid</p>
<p>The post <a href="https://coinengineer.net/blog/playdapp-hack/">PlayDapp Hack: 200 Million PLA Minted, Token Value Plummets 20%</a> appeared first on <a href="https://coinengineer.net/blog">Coin Engineer</a>.</p>
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<p data-sourcepos="3:1-3:139">A major security breach has rocked the PlayDapp ecosystem, causing chaos and financial losses for its users. Blockchain security firm <a href="https://coinengineer.net/blog/certik-issues-statement-after-hack-incident/">CertiK</a> detected a compromise of PlayDapp&#8217;s private keys, leading to the unauthorized creation of 200 million PLA tokens.</p>
<h2 data-sourcepos="5:1-5:17">Millions Minted, Value Melts</h2>
<p data-sourcepos="7:1-7:105">This unauthorized minting event significantly inflated the PLA token supply, triggering a rapid 20% price drop. This crash brought PLA to its lowest point since October, leaving investors reeling.</p>
<figure id="attachment_11624" aria-describedby="caption-attachment-11624" style="width: 1536px" class="wp-caption aligncenter"><img loading="lazy" decoding="async" class="wp-image-11624 size-full" src="https://coinengineer.net/blog/wp-content/uploads/2024/02/PlayDapp-.webp" alt="PlayDapp Hack" width="1536" height="768" srcset="https://coinengineer.net/blog/wp-content/uploads/2024/02/PlayDapp-.webp 1536w, https://coinengineer.net/blog/wp-content/uploads/2024/02/PlayDapp--300x150.webp 300w, https://coinengineer.net/blog/wp-content/uploads/2024/02/PlayDapp--1024x512.webp 1024w, https://coinengineer.net/blog/wp-content/uploads/2024/02/PlayDapp--768x384.webp 768w" sizes="auto, (max-width: 1536px) 100vw, 1536px" /><figcaption id="caption-attachment-11624" class="wp-caption-text">PlayDapp Hack</figcaption></figure>
<h2 data-sourcepos="9:1-9:28">PlayDapp Remains Silent</h2>
<p data-sourcepos="11:1-11:254">Despite the severity of the incident, PlayDapp has yet to issue an official statement or update their community. This lack of communication amplifies user concerns and raises questions about the platform&#8217;s transparency and crisis management capabilities.</p>
<blockquote class="twitter-tweet">
<p dir="ltr" lang="en">[Notice of PLA Wallet Transfer]
<p>Due to a confirmed security breach affecting PLA, PlayDapp is taking immediate action to safeguard PLA assets. This involves the mandatory transfer of ALL PlayDapp-held PLA to a new, secure wallet. This includes both locked and unlocked holdings.</p>
<p>— PlayDapp (@playdapp_io) <a href="https://twitter.com/playdapp_io/status/1756188275986116782?ref_src=twsrc%5Etfw">February 10, 2024</a></p></blockquote>
<p></p>
<h3 data-sourcepos="13:1-13:35">Wider Impact on Dapp Ecosystem</h3>
<p data-sourcepos="15:1-15:56">The breach extends beyond PlayDapp, with the total value locked (TVL) on the platform dropping nearly 14%. While the number of active wallets shows a surprising increase, it&#8217;s overshadowed by the overall decline in asset value.</p>
<hr />
<p><em>You can present your own thoughts as comments about the topic. Moreover, you can follow us on <a href="https://t.me/coinengineernews" target="_blank" rel="noreferrer noopener"><strong>Telegram</strong> and </a><a href="https://www.youtube.com/@CoinEngineer" target="_blank" rel="noreferrer noopener"><strong>YouTube</strong></a> channels for this kind of news.</em></p>
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<p>The post <a href="https://coinengineer.net/blog/playdapp-hack/">PlayDapp Hack: 200 Million PLA Minted, Token Value Plummets 20%</a> appeared first on <a href="https://coinengineer.net/blog">Coin Engineer</a>.</p>
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		<title>zkLend: The Leading DeFi Platform on StarkNet</title>
		<link>https://coinengineer.net/blog/zklend-the-leading-defi-platform-on-starknet/</link>
					<comments>https://coinengineer.net/blog/zklend-the-leading-defi-platform-on-starknet/#respond</comments>
		
		<dc:creator><![CDATA[admin]]></dc:creator>
		<pubDate>Sat, 03 Feb 2024 09:26:54 +0000</pubDate>
				<category><![CDATA[Altcoin Projects]]></category>
		<category><![CDATA[Project review]]></category>
		<category><![CDATA[CertiK]]></category>
		<category><![CDATA[CoinGecko]]></category>
		<category><![CDATA[DeFi]]></category>
		<category><![CDATA[PeckShield]]></category>
		<category><![CDATA[SlowMist]]></category>
		<category><![CDATA[starknet]]></category>
		<category><![CDATA[StarkWare]]></category>
		<category><![CDATA[zkLend]]></category>
		<guid isPermaLink="false">https://coinengineer.io/blog/?p=10938</guid>

					<description><![CDATA[<p>Dive into zkLend, the leading money market protocol built on StarkNet, and its native token ZEND. What is zkLend? zkLend is a money market protocol built on StarkNet that leverages the scalability and security advantages of blockchain technology to enable fast and secure financial transactions. By combining zk-rollup scalability with the security of Ethereum in</p>
<p>The post <a href="https://coinengineer.net/blog/zklend-the-leading-defi-platform-on-starknet/">zkLend: The Leading DeFi Platform on StarkNet</a> appeared first on <a href="https://coinengineer.net/blog">Coin Engineer</a>.</p>
]]></description>
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<div>Dive into zkLend, the leading money market protocol built on StarkNet, and its native token ZEND.</div>
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<p data-sourcepos="5:1-5:19"><strong><span style="font-size: 100%;">What is zkLend?</span></strong></p>
<p data-sourcepos="7:1-7:341">zkLend is a money market protocol built on <a href="https://coinengineer.net/blog/starknet-has-announced-its-strx-token-airdrop-plan/" target="_blank" rel="noopener">StarkNet</a> that leverages the scalability and security advantages of blockchain technology to enable fast and secure financial transactions. By combining zk-rollup scalability with the security of Ethereum in a fast and cost-effective manner, zkLend aims to shape the future of decentralized finance.</p>
<p data-sourcepos="9:1-9:217">zkLend was the first L2 money market protocol launched on StarkNet in 2022. <span class="citation-0 citation-end-0 animating">The protocol offers a permissioned and compliance-focused solution for institutional clients and a permissionless service for DeFi users.</span></p>
<p data-sourcepos="11:1-11:17"><strong>Some Features</strong></p>
<p><strong>Interest Rates:</strong> The protocol sets interest rates dynamically based on supply and demand.</p>
<p><strong>Collateral:</strong> The protocol allows users to use multiple assets as collateral to borrow.</p>
<p><strong>Liquidity:</strong> The protocol allows users to borrow and repay at any time.</p>
<p><strong>Governance:</strong> The protocol allows ZEND token holders to vote on protocol parameters and supported assets.</p>
<h2 data-sourcepos="18:1-18:17"><span style="font-size: 75%;">How <span style="font-size: 100%;">zkLend </span>Works:</span></h2>
<p data-sourcepos="20:1-20:63">zkLend comprises two platforms, Artemis and Apollo, catering to both retail and institutional investors.</p>
<ul data-sourcepos="22:1-24:0">
<li data-sourcepos="22:1-22:183"><strong>Artemis:</strong> A zk-rollup protocol running on StarkNet, designed for DeFi users. Users can deposit, borrow, and lend supported assets, and utilize advanced features like flash loans.</li>
<li data-sourcepos="23:1-24:0"><strong>Apollo:</strong> Provides a dedicated layer for institutional clients.</li>
</ul>
<p data-sourcepos="25:1-25:15"><strong>Advantages:</strong></p>
<p data-sourcepos="27:1-27:51">zkLend offers a multitude of advantages, including:</p>
<ul data-sourcepos="29:1-33:0">
<li data-sourcepos="29:1-29:145"><strong>Decentralized:</strong> zkLend is a decentralized platform, allowing users to conduct financial transactions without relying on a central authority.</li>
<li data-sourcepos="30:1-30:120"><strong>Privacy:</strong> User privacy is protected through the use of zero-knowledge proof protocols, enhancing platform security.</li>
<li data-sourcepos="31:1-31:152"><strong>Fast and Easy:</strong> zkLend automates and accelerates transactions through smart contracts, enabling users to easily use the platform to borrow or lend.</li>
<li data-sourcepos="32:1-33:0"><strong>Institutional:</strong> Built with institutions in mind, zkLend adopts an approach focused on onboarding institutional users.</li>
</ul>
<p data-sourcepos="34:1-34:12"><strong>Roadmap:</strong></p>
<p data-sourcepos="36:1-36:132">zkLend&#8217;s roadmap aims to enhance the protocol&#8217;s reliability, security, usability, and innovation. The roadmap phases are as follows:</p>
<p data-sourcepos="38:1-38:66"><strong>Phase 1:</strong> The protocol&#8217;s core functionalities have been secured. In this phase, the protocol operates on StarkNet&#8217;s alpha version and supports only specific assets like DAI, USDC, ETH, WBTC, and LINK.</p>
<p data-sourcepos="40:1-40:221"><strong>Phase 2:</strong> The protocol&#8217;s security and auditability have been enhanced. In this phase, the protocol migrates to StarkNet&#8217;s beta version, supports more assets, audits its smart contracts, and establishes insurance pools.</p>
<p data-sourcepos="42:1-42:242"><strong>Phase 3:</strong> The protocol&#8217;s usability and accessibility have been improved. In this phase, the protocol migrates to StarkNet&#8217;s mainnet, integrates with more wallets and interfaces, enhances user experience, and provides educational materials.</p>
<p data-sourcepos="44:1-44:259"><strong>Phase 4:</strong> The protocol&#8217;s innovation and competitiveness have been solidified. In this phase, the protocol develops new features and products, offering services like credit cards, fixed-rate loans, derivatives, NFTs, and integration with other L2 protocols.</p>
<p data-sourcepos="44:1-44:259"><img loading="lazy" decoding="async" class=" wp-image-10939 aligncenter" src="https://coinengineer.net/blog/wp-content/uploads/2024/02/zkLend-Roadmap.png" alt="zkLend Roadmap" width="823" height="431" srcset="https://coinengineer.net/blog/wp-content/uploads/2024/02/zkLend-Roadmap.png 768w, https://coinengineer.net/blog/wp-content/uploads/2024/02/zkLend-Roadmap-300x157.png 300w" sizes="auto, (max-width: 823px) 100vw, 823px" /></p>
<h3 data-sourcepos="46:1-46:25"><span style="font-size: 85%;">Backers and Partners:</span></h3>
<p data-sourcepos="48:1-48:47">zkLend is backed by the following institutions:</p>
<p><img loading="lazy" decoding="async" class=" wp-image-10940 aligncenter" src="https://coinengineer.net/blog/wp-content/uploads/2024/02/Backers-and-Partners.png" alt="Backers and Partners" width="806" height="278" srcset="https://coinengineer.net/blog/wp-content/uploads/2024/02/Backers-and-Partners.png 768w, https://coinengineer.net/blog/wp-content/uploads/2024/02/Backers-and-Partners-300x104.png 300w" sizes="auto, (max-width: 806px) 100vw, 806px" /></p>
<p data-sourcepos="61:1-61:47">zkLend is secured by the following institutions:</p>
<p><img loading="lazy" decoding="async" class=" wp-image-10941 aligncenter" src="https://coinengineer.net/blog/wp-content/uploads/2024/02/Backers-and-Partners-1.png" alt="Backers and Partners" width="852" height="475" srcset="https://coinengineer.net/blog/wp-content/uploads/2024/02/Backers-and-Partners-1.png 768w, https://coinengineer.net/blog/wp-content/uploads/2024/02/Backers-and-Partners-1-300x167.png 300w" sizes="auto, (max-width: 852px) 100vw, 852px" /></p>
<p data-sourcepos="67:1-67:59"><strong>Team with a Vision for Financial Freedom and Inclusion:</strong></p>
<p data-sourcepos="69:1-69:358">The zkLend team comprises a group of talented and passionate individuals dedicated to developing an L2 money market protocol with a vision for financial freedom and inclusion. Team members include some of StarkNet&#8217;s founders and developers, experienced engineers, designers, and marketers in the DeFi and blockchain space, academic researchers, and advisors.</p>
<p data-sourcepos="71:1-71:220">The team actively contributes to the development of the StarkNet ecosystem and shares StarkNet full node snapshots. The team maintains constant communication with the DeFi community and takes feedback into consideration.</p>
<p data-sourcepos="1:1-1:13"><strong>Tokenomics</strong></p>
<p data-sourcepos="3:1-3:216">zkLend tokenomics are the elements that define the protocol&#8217;s operation, governance, and value. The native token of the zkLend protocol is the ZEND token. ZEND is both a utility and governance token for the protocol.</p>
<p data-sourcepos="5:1-5:24"><strong>ZEND Token Features</strong></p>
<p data-sourcepos="7:3-7:167"><strong>Total Supply:</strong> The total supply of ZEND tokens is fixed at <strong>1 billion</strong> and is non-inflationary. No individual or entity has the authority to create ZEND tokens.</p>
<p data-sourcepos="9:3-9:211"><strong>Distribution:</strong> The distribution of ZEND tokens will be fair and transparent among the protocol&#8217;s developers, investors, advisors, partners, users, and community. The distribution percentages are as follows:</p>
<ul>
<li>Developers: 20%</li>
<li>Investors: 15%</li>
<li>Advisors: 5%</li>
<li>Partners: 10%</li>
<li>Users: 25%</li>
<li>Community: 25%</li>
</ul>
<p data-sourcepos="18:3-18:253"><strong>Utility:</strong> The ZEND token is a necessary payment instrument for using the protocol. ZEND tokens are required for borrowing, lending, collateralizing, providing liquidity, participating in insurance pools, and availing other services on the protocol.</p>
<p data-sourcepos="20:3-20:57"><strong>Governance:</strong> ZEND token holders can use their tokens to vote on protocol parameters, supported assets, new features, and products.</p>
<hr />
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<div>
<p><em>Also, in the comment section, you can freely share your comments and opinions about the topic. Additionally, don’t forget to follow us on <a href="https://t.me/coinengineernews" target="_blank" rel="noreferrer noopener"><strong>Telegram</strong></a>, <a href="https://www.youtube.com/@CoinEngineer" target="_blank" rel="noreferrer noopener"><strong>YouTube</strong></a> and <a href="https://twitter.com/coinengineers"><strong>Twitter</strong></a> for the latest news and updates.</em></p>
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<p>The post <a href="https://coinengineer.net/blog/zklend-the-leading-defi-platform-on-starknet/">zkLend: The Leading DeFi Platform on StarkNet</a> appeared first on <a href="https://coinengineer.net/blog">Coin Engineer</a>.</p>
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		<title>Certik Issues Statement After Hack Incident</title>
		<link>https://coinengineer.net/blog/certik-issues-statement-after-hack-incident/</link>
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		<dc:creator><![CDATA[admin]]></dc:creator>
		<pubDate>Sat, 06 Jan 2024 12:59:40 +0000</pubDate>
				<category><![CDATA[News]]></category>
		<category><![CDATA[Al]]></category>
		<category><![CDATA[Binance Smart Chain]]></category>
		<category><![CDATA[CertiK]]></category>
		<category><![CDATA[DeFi]]></category>
		<category><![CDATA[Discord]]></category>
		<category><![CDATA[huobi]]></category>
		<category><![CDATA[pancakeswap]]></category>
		<category><![CDATA[technology]]></category>
		<category><![CDATA[X]]></category>
		<guid isPermaLink="false">https://coinengineer.io/blog/?p=9368</guid>

					<description><![CDATA[<p>Certik Issues Statement After Hack Incident! On Friday afternoon, blockchain security firm Certik, whose X account was hacked, issued a statement after the incident. Certik said in its statement on the X account: You may notice: Ethereum ETF Approval May Come! &#8220;A verified account associated with a well-known media outlet contacted one of our employees. Unfortunately,</p>
<p>The post <a href="https://coinengineer.net/blog/certik-issues-statement-after-hack-incident/">Certik Issues Statement After Hack Incident</a> appeared first on <a href="https://coinengineer.net/blog">Coin Engineer</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p data-sourcepos="3:1-3:167">Certik Issues Statement After Hack Incident! On Friday afternoon, blockchain security firm Certik, whose X account was hacked, issued a statement after the incident. Certik said in its statement on the X account:</p>
<blockquote>
<div>You may notice: <a href="https://coinengineer.net/blog/ethereum-etf-approval-may-come/" target="_blank" rel="noopener"><em><strong>Ethereum ETF Approval May Come</strong><strong>!</strong></em></a></div>
</blockquote>
<p data-sourcepos="5:1-5:368">&#8220;A verified account associated with a well-known media outlet contacted one of our employees. Unfortunately, it appears that this account was compromised, leading to a phishing attack against our employee. We quickly detected the intrusion and deleted the relevant tweets within minutes. Based on our investigations, there is no significant loss due to this incident.&#8221;</p>
<p data-sourcepos="7:1-7:113">In addition, the Discord on Certik&#8217;s official website was replaced with a fake Discord containing phishing links.</p>
<p data-sourcepos="9:1-9:21"><strong>Incident Timeline</strong></p>
<p data-sourcepos="11:1-11:209">In its statement on X, the major blockchain security firm Certik shared the action it took against the hack, step by step with the times. It also stated that there was no significant loss in this incident.</p>
<p data-sourcepos="13:1-16:74">&#8220;-The security of the Twitter account was compromised and a tweet containing a phishing link was posted. -We detected the security breach and initiated the recovery process. -The first phishing tweet was deleted. -We completed the initial investigation and the risk has been eliminated.&#8221;</p>
<h2 data-sourcepos="18:1-18:19"><span style="font-size: 85%;">What is Certik?</span></h2>
<p data-sourcepos="20:1-20:397">Certik is a leading security company in blockchain security, with a huge infrastructure like Al technology. Thanks to Certik, critical processes can be made the most secure with the latest system, secure codes, and verification systems. For example, large exchanges such as <a href="https://accounts.binance.com/en/register?ref=B4DLQJE0" target="_blank" rel="noopener">Binance</a> and Huobi and smart contracts such as the Binance Smart Chain DeFi protocol and Pancakeswap are audited by Certik.</p>
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<p>The post <a href="https://coinengineer.net/blog/certik-issues-statement-after-hack-incident/">Certik Issues Statement After Hack Incident</a> appeared first on <a href="https://coinengineer.net/blog">Coin Engineer</a>.</p>
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		<title>Worldcoin Suspends Services in Several Countries!</title>
		<link>https://coinengineer.net/blog/worldcoin-suspends-services-in-several-countries/</link>
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		<dc:creator><![CDATA[admin]]></dc:creator>
		<pubDate>Fri, 22 Dec 2023 10:08:13 +0000</pubDate>
				<category><![CDATA[Altcoin Projects]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[CertiK]]></category>
		<category><![CDATA[Moneycontrol]]></category>
		<category><![CDATA[Orb]]></category>
		<category><![CDATA[USDC]]></category>
		<category><![CDATA[worldcoin]]></category>
		<guid isPermaLink="false">https://coinengineer.io/blog/?p=8605</guid>

					<description><![CDATA[<p>Worldcoin announced that it has suspended one of its operations in India, Brazil, and France markets. This effectively means the Orb verification function has been suspended offline. The Orb is a system designed to facilitate recruitment in areas where traditional identification documents are not present, by scanning the pupils for identity verification. You might like:</p>
<p>The post <a href="https://coinengineer.net/blog/worldcoin-suspends-services-in-several-countries/">Worldcoin Suspends Services in Several Countries!</a> appeared first on <a href="https://coinengineer.net/blog">Coin Engineer</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>Worldcoin announced that it has suspended one of its operations in India, Brazil, and France markets. This effectively means the Orb verification function has been suspended offline. The Orb is a system designed to facilitate recruitment in areas where traditional identification documents are not present, by scanning the pupils for identity verification.</p>
<blockquote><p>You might like: <a href="https://coinengineer.net/blog/france-grants-vasp-approval-to-coinbase/" target="_blank" rel="noopener"><span style="text-decoration: underline;"><em><strong>France Grants VASP Approval to Coinbase!</strong></em></span></a></p></blockquote>
<p>The Company was offering rewards in <a href="https://coinmarketcap.com/currencies/usd-coin/">USDC</a> to local Orb operators to incentivize the offline recruitment process. However, later they started making their payments in their local token WLD.</p>
<p>According to Moneycontrol&#8217;s report, Worldcoin has &#8220;quietly suspended&#8221; the Orb verification process in India. Moreover, foundations like Tools for Humanity have mentioned that Orb had limited plans in India, France, and Brazil from the beginning.</p>
<p><img loading="lazy" decoding="async" class="sFlh5c pT0Scc iPVvYb aligncenter" src="https://www.coinkolik.com/wp-content/uploads/2023/07/worldcoin.jpeg" alt="Worldcoin" width="2400" height="1350" aria-hidden="false" /></p>
<p>In particular, Orb&#8217;s collection of users&#8217; private data and its sensitivity in the recruitment process led to ethical discussions about the project. Critics argued that the project was unethical and a &#8220;dystopian nightmare&#8221;. Even the market regulators showed skepticism towards the project. German officials initiated an investigation into Worldcoin in 2022. The United Kingdom&#8217;s data regulatory body also threatened an investigation into the project. Kenya outrightly banned Worldcoin&#8217;s operations in the country.</p>
<p>In August, security platform CertiK reported that there was a security vulnerability in Orb that could allow attackers to bypass the verification process and run Orb without proper identification. This situation called into question the security of the project.</p>
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<p>The post <a href="https://coinengineer.net/blog/worldcoin-suspends-services-in-several-countries/">Worldcoin Suspends Services in Several Countries!</a> appeared first on <a href="https://coinengineer.net/blog">Coin Engineer</a>.</p>
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