Here’s what happened in crypto today

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.

Today in crypto: SlowMist identified a smart-contract overflow bug as the culprit behind a $26 million exploit of the Truebit protocol, US Senators Cynthia Lummis and Ron Wyden introduced legislation to ensure blockchain developers are exempt from money transmitter regulations, and World Liberty Financial has entered the crypto lending market.

A $26 million exploit of the offline computation protocol Truebit stemmed from a smart-contract flaw that allowed an attacker to mint tokens at near-zero cost, highlighting persistent security risks even in long-running blockchain projects.

Truebit suffered the $26 million exploit that resulted in a 99% crash for the Truebit (TRU) token, Cointelegraph reported on Friday.

Read more