CyberKongz' mass monkey minting burns $4M in Ether in 5 hours
The NFT monkey minting frenzy has caused gas prices to skyrocket again. The latest craze in animal themed nonfungible tokens has been such a big hit that it has become the top burner of Ethereum transaction fees over the past 24 hours.CyberKongz, which started as a collection of 1,000 unique NFTs in early March 2021, has surged in popularity recently. So much so that it has today usurped NFT marketplace OpenSea and the world’s most popular decentralized exchange, Uniswap, in terms of Ethereum fee burning.The achievement was noted by the Chinese blockchain outlet Wu Blockchain which....
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Four addresses have been flagged relating to Monkey Drainer, including the monkey-drainer.eth address, with Chainabuse showing a long list of reported victims relating to these accounts. An alleged phishing scammer going by the pseudonym “Monkey Drainer” has reportedly swiped around $1 million worth of Ether (ETH) via dubious copycat NFT minting websites this week. Well-known blockchain sleuth ZachXBT was one of the first to track and highlight the activity, outlining on Oct. 26 that: “Over the past 24 hrs ~700 ETH ($1m) has been stolen by the phishing scammer known as Monkey Drainer. They....
The CyberKongz don’t get the mainstream media headlines, but they’re one of the most solid NFT projects out there. If not the most. They have an active and heavily involved community behind them, and they keep working and innovating while the others sleep. In the NFT world, everyone respects the CyberKongz. Outside, in the real world, nobody has heard of them. And that might be the winning combination. On their website, they describe themselves as “CyberKongz are unique and randomly generated 2D/3D NFT Social Avatars for your online experiences.” On March 3rd, 2021, the CyberKongz hit....
Silly Monkey is one of these fun mini games. It is a simplistic version of the Monkey Rolette Game, and its essence is nearly the same. Dragon’s Tale is one of the oldest Bitcoin Casinos in the ecosystem and also one of the funniest Casinos around. Dragon’s Tale managed to develop a game where players could experience the wonders of a role play game while being able to gamble through several casino-based mini games. It is an awesome game where you enrol a character and go around gambling meeting people in a fantastic Casino world. At Dragon’s Tale, players will also be able to interact....
Approximately 25 days ago, the Ethereum blockchain implemented the London hard fork and a number of features were added to the ruleset. One of the most anticipated changes was EIP-1559 which makes the crypto asset ether deflationary by burning a fraction of coins. Since August 5, over $432 million worth of ether has been burned, and at the time of writing, 136,606 ether has been burned.
Over $432 Million in Ethereum Burned
The Ethereum (ETH) blockchain is the second most valuable crypto market in terms of market valuation. Out of the $2.14 trillion market capitalization of all....
The exploited nonfungible token project is looking to make things right before the holidays with the help of a compensation fund. On Tuesday, Solana nonfungible token (NFT) project Monkey Kingdom, which has received notable backing from American DJ Steve Aoki, announced via Twitter that hackers made off with $1.3 million of the community's crypto funds through a security breach on Discord. According to its developers, the hack first occurred with the breach of Grape, a popular solution for verifying users on Solana. Hackers then used the exploit to take over an administrative account,....