Gate Insights and Crypto Market Analysis

Gate Insights features in-depth crypto analysis, market trends, and long-form articles to help you understand key movements across the crypto industry.

IoTeX: The attack targeted the Ethereum side contract of the multi-chain bridge ioTube. A detailed compensation plan will be announced within 48 hours.

The IoTeX team has released an update on the security incident. Hackers exploited validator wallets to leak information, gain control, and upgrade the bridging contract, minting 410 million tokens and stealing $4.4 million worth of assets. Currently, efforts are underway to track and freeze some of the stolen tokens. The ioTube bridge will be suspended until a security audit is completed.
IOTX1.03%
ETH1.17%
TechubNews·02-23 07:39

Bitwise CIO Matt Hougan Challenges the 'Commodity Blockspace' Thesis

Ethereum controls roughly 60% of real-world asset ( RWA) tokenization today, but Bitwise CIO Matt Hougan questions whether layer one (L1) blockspace is truly the commodity many investors assume it to be. Bitwise CIO: We Don’t Yet Know What Happens When Crypto Scales to Trillions In a recent
ETH1.17%
SOL2.83%
BNB1.34%
Coinpedia·02-23 07:38