Solana ecosystem updates, DeFi and NFT growth, and the latest on performance and network development.
The lender, which returned all SOL, XRP and ADA tokens to users over the past week, will allow withdrawal of up to 0.0045 BTC from Aug. 16.
Monika Ghosh 2 min read 
How did two brothers from Texas create $7.5 billion worth of fake TVL on Solana and what is the wider implication for Sybil resistance in a decentralized, open-source ecosystem?
Slope Finance appears to be the origin of the Solana exploit that affected thousands of users. Wallet owners are advised to move funds immediately from Slope imported wallets.
The attack mostly affected mobile Solana wallets and most of the breach reports came from Phantom and Slope users.
The platform said that it plans to provide multichain solutions for NFT collectors and creators and has launched several tools to make that possible.
Uncertainty is creating true fear, uncertainty, and doubt in real terms for wallet owners on the Solana blockchain at present.
Zipmex said that it is working to recover funds from Babel Finance and has signed a MOU with two investors to fully re-enable withdrawals.
Vibhu Norby, Solana Spaces CEO, explained that the major aim of the physical store is to educate people about crypto and onboard new entrants.
OtterSec said the Nirvana exploit is similar to the one that affected Crema Finance earlier in the month.
