Avalanche News

Avalanche (AVAX), an Ethereum Virtual Machine (EVM)-based layer 1 solution, experienced a significant surge in trading activity, spiking to about $2.73 billion.

Ava Labs, the team developing the Avalanche blockchain, has announced a 12% reduction in its workforce, attributing the decision to strategically reallocating its resources. The firm’s CEO and founder, Emin Gün Sirer, confirmed the layoffs on Nov. 7, following announcements…

Platypus Finance, a decentralized finance protocol on the Avalanche blockchain, has recovered 90% of its assets following a recent security breach involving flash loan attacks.

Decentralized social media app Stars Arena has recovered nearly all crypto stolen in an Oct. 7 exploit, aside from a 10% bounty given to the attacker. On Oct. 11, Stars Arena announced via X that about 90% of the exploited…

The Platypus team said on social media it had taken the ‘proactive measure’ to suspend all pools temporarily. Decentralized finance (defi) protocol Platypus Finance suffered yet another hack this year, as around $2 million was stolen from the project. According…

Trader Joe's supermarket has initiated legal action against a similarly named decentralized cryptocurrency exchange, alleging trademark infringement and brand dilution.

Avalanche-based decentralized social media protocol Stars Arena received funding to cover up a loss from an earlier hack that caused the project to lose nearly $3 million.

The Stars Arena team has patched an exploit on their Avalanche-based social media platform, dismissing it as "coordinated FUD"

Stars Arena, a decentralized social media application, is catalyzing transaction activity on Avalanche's C-Chain network

Flare has partnered with Avascan Block Explorer to launch Flarescan, a blockchain explorer for the Flare ecosystem

Crypto exchange OKX announced delisting of over 30 trading pairs that failed to meet its listing criteria. OKX has revealed plans to delist various trading pairs that no longer meet its listing standards. The move is part of OKX’s ongoing…

Movement Labs has raised $3.4 million to launch a software development kit (SDK) to advance web3 interoperability

Alphapo, a payment processor, reportedly fell victim to hackers, resulting in a loss of more than $23 million in various coins and tokens

Interoperability protocol Rarimo has partnered with Polygon ID, enabling the use of its verifiable credential infrastructure across multiple blockchains. Rarimo, a tool that helps different blockchains talk to each other, has joined forces with Polygon ID, a system for checking…

PolyNetwork has allegedly been hacked again, according to PeckShield Inc., an on-chain data analytics and security company. The hackers appear to have made several transactions in huge assets on several chains. PolyNetwork assets have reportedly been hacked, and the perpetrators…

Avalanche-Backed web3 gaming studio Pixion Games has successfully concluded its seed funding round, raising $5.5 million.