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Balancer blames ‘social engineering attack’ on DNS provider for website hijack

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Blockchain security firms SlowMist and CertiK also believe the crypto wallet drainer Angel Drainer was involved in the estimated $238,000 exploit. The team behind Balancer, an Ethereum-based automated market maker, believes a social engineering attack on its DNS service provider was what led to its website ’s frontend being compromised on Sept. 19, leading to an estimated $238,000 in crypto stolen. “After investigation, it is clear that this was a social engineering attack on EuroDNS, the domain registrar used for .fi TLDs,” the firm explained in a Sept. 20 X post. Approximately 8 hours after the first warning of the attack, Balancer said its decentralized autonomous organization (DAO) was actively addressing the DNS attack and was working to recover the Balancer UI. At 5:45 pm UTC on Sept. 20, Balancer said it was successful in securing the domain and bringing it back under the control of Balancer DAO. It also confirmed its subdomains “app.balancer.fi” and other “balancer.fi” are...

Researcher envisions smart education system built on blockchain, DAO, NFT, and AI

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According to the research, combining the technologies will result in 12 distinct advantages over the traditional educational system. Mehmet Fırat, a researcher at Anadolu University in Turkey, recently published research envisioning a multi-tech solution to the problems challenging the traditional education al system called the “Smart Open Education Eco system ” (SOEE). The research combines blockchain, decentralized autonomous organization (DAO), non-fungible token (NFT), multimodal learning analytics (MMLA), and artificial intelligence (AI) technologies to form a self-contained educational ecosystem. The interconnected learning system, screenshot: Firat, 2023 Per a research paper authored by Firat and published on July 25, “Equity, fair opportunity, and access issues can be considered among the most significant handicaps of education in today's world.” Firat proposes an “open education” system running blockchain that uses generative AI systems such as ChatGPT or the like to in...