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MLB Team Washington Nationals Partners With Terra Blockchain Community, Ballpark Plans to Accept UST

On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
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DeFi aggregator raided by five hackers on launch day

Four malicious hackers and one white-hat have gone to town on ForceDAO during its launch day.

Fledgling decentralized finance protocol ForceDAO has had a rough start, with several incursions from hackers taking place just hours after it launched.

The Ethereum-based yield aggregator had only just launched its airdrop campaign on April 3 when four malicious “black-hat” hackers managed to drain a total of 183 ETH worth approximately $367,000 at the time. One friendly "white-hat" hacker alsassisted the team by alerting them to prevent further losses.

The team has released a post-mortem of the attacks and taken responsibility for what it termed as an “engineering oversight.”

Following the incursion, the team made a decision to transfer 60 million FORCE tokens from the treasury multi-signature wallet into a deployer wallet to create and execute three votes that would effectively burn the FORCE balances in three of the hackers’ addresses.

The post-mortem explained that the xFORCE platform affected was a fork of a SushiSwap smart-contract containing a mechanism to revert tokens in the event of failed transactions. The protocol describes xFORCE as the “interest-bearing” version of FORCE, representing shares in its pools similar to how LP tokens work.

A flaw in the contract used by ForceDAO enabled the attackers to exploit this mechanism to mint xFORCE tokens which were then withdrawn and exchanged for ETH on the markets. The team acknowledged the attack would have been relatively easy to prevent.

“This could’ve been prevented by using a standard Open Zeppelin ERC-20 or adding a safeTransferFrom wrapper in the xSUSHI contract.”

It added that the hack was currently under investigation as some of the addresses originated from the popular exchanges FTX and Binance. A snapshot will be taken and the project will be re-launched with a new xFORCE token, it added.

Following the launch and airdrop, FORCE token prices surged to over $2 on Apr. 4, but have since crashed over 95% to $0.05 at the time of writing.

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MLB Team Washington Nationals Partners With Terra Blockchain Community, Ballpark Plans to Accept UST

On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
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