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Solana-based DeFi protocols have reopened after the $114M Mango Markets hack

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On the 26th of October, Two Solana-based DeFi projects have reponed after the $114M lending protocol Mango Markets hack. The two who reopened their DeFi projects are Yield aggregator Tulip and stablecoin provider UXD. Tulip and UXD both announced on Twitter that they had recovered tokens from Mango Markets and would now continue their services.

Earlier this month, there was an exploit in Mango Markets, a Solana-based platform for trading tokens and lending, from which Tulip and UXD were also affected, but now they have recovered their tokens.

Solana is a famous blockchain, and it has its token SOL, which is the ninth biggest cryptocurrency by market cap. Solana is considered the best place to build DeFi projects because it allows developers to add peer-to-peer trading, borrowing, and lending features.

In this month’s Mango exploit, the hackers temporarily drove up the value of Mango Markets’ collateral due to a flaw in its system, took out loans from Mango’s treasury, and disappeared with the funds. It was not the first hack in the DeFi-based platform, as there were many other hacks in DeFi, which is considered hackers’ favorite place.

DeFi refers to tools and apps in the crypto market that make users’ work easy while trading in cryptocurrency. DeFi tool or app allows users to do trading quickly and easily without an intermediary. However, in traditional finance, a user needs checks and a mediator to take out a loan.

DeFi apps or tools are new and typically in the experimental condition, due to which DeFi-based platforms are prone to exploits. There are multiple examples of DeFi hacks, such as last year’s Cream Finance, a lending protocol that lost hundreds of millions in three separate hacks.

In the Mango Markets hack, UXD lost access to $19.9 million, while Tulip lost access to $2.5 million. Tulip and UXD are affected by this hack because they use Mango Markets to deposit funds.

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Review of Bleeping Computer

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Review of Bleeping Computer

ComboFix is a tool made by sUBs that checks your computer for known malware and tries to automatically remove infestations when it finds any. In addition to being able to get rid of a lot of the most popular and up-to-date malware, ComboFix also shows a report that skilled assistants may use to get rid of malware that isn’t already eradicated by the programme.

Please be aware that executing this programme without supervision may result in improper operation of your computer. Run this programme only at the direction of a knowledgeable assistant.

At the moment, Windows 8.1 is not compatible with this programme, just Windows 8!

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Microsoft provides a fix for persistent Outlook login issues.

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Microsoft provides a fix for persistent Outlook login issues.

Microsoft is attempting to resolve ongoing sign-in issues that are preventing certain users of Outlook for Microsoft 365 from accessing their accounts.

Users who attempt to enter into Outlook using their Outlook.com accounts or those who have already added the accounts to their Outlook profiles are affected by the login issues.

The users will get the following error messages instructing them to use a work or school account rather than signing in: “You are unable to log in using a personal account here. Use your account from work or school instead.”

Although Microsoft claims that the Outlook Team is working on a patch for this known problem, users can access their accounts using an official workaround until a fix is released.

“You can get around the problem by disabling Support Diagnostics, which disables the ability to contact support through the In App Help menu by choosing Contact Support. The fault is connected to how Outlook is authenticating for the diagnostics in some cases, “explained Microsoft.

You must enable the DisableSupportDiagnostics policy setting in Outlook to turn off support diagnostics and stop it from informing support services about client failure.

According to the Group Policy Administrative Templates Catalog, “This policy setting determines whether Outlook can communicate client information on failure to support services with the intent of diagnosing the issue or making the information available to support to help with the diagnosis/resolution of the issue and/or provide contextual error messaging to the user.”

A different flaw that can prohibit users from configuring Exchange Online mailboxes in Outlook for Windows is something Redmond claimed it was attempting to fix last week.

Early in October, the company started releasing a remedy for a different problem that has been causing Outlook for Microsoft 365 to freeze and crash after opening since August.

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After discovering a credit card skimmer, Costco admits a data breach.

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After discovering a credit card skimmer, Costco admits a data breach.

Customers who recently made purchases at one of Costco Wholesale Corporation’s stores have received notification letters informing them that their credit card information may have been stolen.

According to Fortune 500 rankings, the retail giant—also known as Costco Wholesale and Costco—is an American multinational that runs a sizable chain of membership-only retail locations. It is the fifth-largest retailer in the world and the tenth-largest firm in the US by total revenue.

It runs e-commerce websites with 737 warehouses across the world that cater to the Americas, Europe, and Asia, among other global regions.

planted skimmer in the Costco warehouse
During a regular check by Costco staff, a credit card skimming device was found in one of the company’s warehouses, leading to the discovery of the breach.

The business got rid of the gadget, let the authorities know, and is now assisting the police in their investigation.

In breach notification letters, Costco informed possibly impacted customers that they had recently visited a Costco facility where a payment card skimming device had been found.

“Our member records show that throughout the possible operational period of the device, you swiped your payment card to make a purchase at the impacted terminal.”

probable theft of customer financial information
Costco said that if those who placed the card theft device had been successful in accessing the data prior to the skimmer being discovered and taken out, then consumers affected by the incident may have had their payment information stolen.

The magnetic stripe of your credit card, which contains your name, card number, card expiration date, and CVV, may have been obtained by unauthorised individuals if they were able to remove information from the device before it was identified, according to Costco.

Customers were given advice by the retailer to check their bank and credit card statements for fraudulent payments and alert the appropriate financial institutions to any suspect activities.

The total number of customers who were impacted or the warehouse where the skimmer device was discovered were not disclosed in the data breach notification letters sent to affected consumers.

Although the business withheld details on the incident’s exact timing, Costco customers have been complaining about fraudulent charges on their credit cards at least since February.

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