user funds
Coverage of user funds in the Nexus archive.
- Ethereum zkRollup project Loopring sunsets DEX, citing lack of meaningful adoption
Loopring, an Ethereum zkRollup project, is discontinuing its decentralized exchange (DEX) due to insufficient adoption. The project plans to return all remaining user funds via a smart contract upgrade, eliminating transaction costs for users.
- ZetaChain halts cross-chain transactions following attack on smart contract
ZetaChain has paused cross-chain transactions after a smart contract attack, but confirmed that only internal team wallets were impacted and user funds remain unaffected.
- A year since the Bybit thing and honestly my takeaway isn't what I expected
A user recounts their experience with Bybit during a crisis a year ago, noting that despite initial fears, their funds were secure. The CEO addressed the issue live, provided transparency, and ensured withdrawals remained open. The user highlights Bybit's effective disaster response as a rare positive example in the crypto industry.