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Day: February 1, 2023

Social token platform Rally announces shutdown of sidechain

Social token platform Rally announces shutdown of sidechain

Nonfungible tokens (NFTs) on Rally’s sidechain will no longer be accessible, according to the social token platform. The site’s developers did not say that they would be offering another path forward in the future but hinted at building “leaner web3 experiences”. News Sorce

Crypto exploit losses in January see nearly 93% year-on-year decline

Crypto exploit losses in January see nearly 93% year-on-year decline

Crypto exploit losses fell nearly 93% year on year in January. In January, approximately $8.8 million was lost to crypto exploits, a significant decrease from this time last year. During the month, there were 24 exploits, with $2.6 million in cryptocurrency sent to mixers. Crypto-exploit losses in January were 68% lower than in December when $62 million in cryptocurrency was stolen. According to DeFi Yield’s Rekt database, January’s losses include a $2.6 million rug pull on the FCS BNB Chain token. News Sorce