#tokens

Unknown hackers have compromised NFPrompt, a platform that facilitates the creation of Web3 content with artificial intelligence. They managed to steal funds from the project's treasury and ecosystem fund. However, according to the developers' statement, the remaining assets, including user tokens, are completely secure at this time.

As a stablecoin that exists independently of the specific blockchains it utilizes for transactions, USDT's adaptability on over 15 blockchains has prompted Tether to offer a fallback for users against potential blockchain failures. The company has unveiled a tool designed for the recovery of USDT tokens across a multitude of blockchains.

Most airdrop participants find themselves pondering, "When should I sell these tokens?" CoinGecko's analysis of the 50 biggest airdrops revealed that over half of the project tokens (54%) achieved their all-time high (ATH) within two weeks to several months after the airdrop.

PlayDapp, the cryptocurrency gaming platform, is reeling from a massive $290 million token loss following two hacking incidents in just one week. The initial breach was on February 9, where a hacker managed to mint 200 million PLA tokens, valued at $36.5 million, presumably by cracking into the developers' private key.

Justin Schmidt, the Chief Operating Officer at Ondo Finance, which specializes in tokenized securities, is confident that yield-bearing stablecoins will outpace their traditional counterparts in the future. He notes that current issuers of such tokens are channeling investments into U.S. Treasury bonds and deposits, thereby securing their own profits, while regular users remain deprived from yield-generation.