Weekly Report (Oct-30)


  • Over $2 million was lost in multiple DeFi hacks.
  • Google Cloud joined forces with MultiversX to strengthen its presence in the metaverse.
  • ​​Decentraland and DappCraft host an AI-based Halloween bash in the Metaverse.
  • Sharjah Digital Office launches Sharjah NFT for digital certificates.

Blockchain Hacks

Safereum was identified as a rug-pull, in which funds worth approximately $1.3 million were misappropriated. The price of Safereum dropped approximately 92% when an externally owned address holding the ENS safereum.eth unlocked Safereum tokens held in a PinkLock contract, which they then sold effectively. Additionally, funds raised in the project’s Safepad fair launch were also transferred to safereum.eth after its conclusion.

The Maestro Router was exploited on the Ethereum Mainnet, resulting in a loss of over 280 ETH, worth approximately $502,000. The root cause of the exploit is due to an arbitrary external call vulnerability. We have shared a detailed analysis of the exploit in this blog.

Astrid Finance was exploited on the Ethereum Mainnet due to a smart contract vulnerability, which resulted in a loss of funds worth approximately $228,000. The root cause of the exploit is a lack of input validation. In this blog, we have shared a detailed analysis of the exploit.

Metaverse, and NFTs

Google Cloud and MultiversX have partnered to strengthen their position in the metaverse and enhance Google Cloud’s Web3 footprint. This alliance aims to empower Web3 projects with potent data analytics and AI tools from Google Cloud. The collaboration simplifies handling vast blockchain projects crucial to the metaverse’s evolution. Developers can now easily access vital metaverse metrics like transaction details, smart contract interactions, and in-depth on-chain analysis. The combined expertise of Google Cloud and MultiversX offers Web3 developers advanced analytics tools, facilitating real-time data analysis, trend spotting, and forecasting. This enables them to refine their projects and foster innovation within the metaverse.

Decentraland is embracing Halloween with a captivating treasure hunt by DappCraft, turning the metaverse into a haunted realm from October 27 to 31. The Halloween AI Treasure Hunt 23 invites participants to engage in AI-driven quests amidst spine-chilling surprises. The event’s highlight is the Haunted House Tours, featuring daily quests that offer unique rewards for those brave enough to join. Gathering virtual candies is crucial, as they unlock mysterious rewards in the Spooky Shop. During the event, attendees can immerse themselves in a spooky ambiance, adopting Halloween-themed avatars to navigate the virtual world in an entirely new way.

Sharjah, a prominent city in the UAE, has introduced the Sharjah NFT during GITEX Global 2023 for the issuance of authenticated digital certificates. This innovative approach, part of Sharjah’s digital transition efforts, utilizes NFT technology, allowing both the public and private sectors to record and monitor documents on the blockchain via QR codes. Aimed at being a pioneer in adopting new technologies, the platform provides a streamlined system for various stakeholders, like government bodies, schools, businesses, and event planners, to generate verifiable certificates as unique digital codes. With the Sharjah NFT initiative, the city moves from conventional paper-based certificates to trustworthy digital ones, emphasizing ease of use, security, and reliability.

OnChain Insurance Industry News

Neptune Mutual’s SushiSwap v2 pool on Arbitrum hit a DEXTscore of 96/99. The NPM token supply is now showing up in Neptune Mutual’s CoinMarketCap profile.

Nexus Mutual, together with Open Cover, joined an X space session hosted by The Optimist, discussing the importance of on-chain insurance.