DeFi Kingdoms (DFK), which offers its users a platform consisting of games, decentralized exchange (DEX), liquidity pool (LP) and NFTs, has announced a radical change.
DeFi Kingdoms is leaving Harmony
“Serendale,” DeFi Kingdoms’ original game map, will launch on the Klaytn network instead of Harmony. According to the announcement, Defi wants to choose a private blockchain for the future of Kingdoms. Accordingly, Serendale will not be released on the Harmony network as originally planned. The reason for this radical change is due to the security issues that have arisen in Harmony Blockchan.
cryptocoin.comAs you follow, Harmony Protocol was the victim of a $100 million hack in late June.
1/🚨Harmony Hack Update🚨
From 7:28 GMT to *right now*, the hacker has sent 13.5k ETH to https://t.co/NDtymkfQZJ. The attack vector & high velocity of structured payments to a mixer is similar to previous attacks that were attributed to DPRK-linked actorshttps://t.co/xYx6ITl2yk— Chainalysis (@chainalysis) June 27, 2022
Harmony will no longer host DeFi Kingdoms after its serious attack nearly two months ago. The DApp-focused Blockchain suffered severely to its reputation after the $100 million hack. That’s why a Defi Kingdoms spokesperson explains why they switched to Klaytn.
Can Klaytn (KLAY) expectations be met?
Klaytn was launched in 2019 to focus on metaverses and Blockchain games. It is a public network that focuses on blockchain, the metaverse, GameFi, and the participatory economy. Klaytn is also the dominant Blockchain platform in South Korea. It is currently undergoing global business expansion from its international base in Singapore.
In the meantime, it’s not surprising news that DFK is switching to the Klaytn network. The DeFi Kingdoms team has been looking for a Blockchain replacement for Harmony for a while.
Excited to announce that Serendale has found a new home with @klaytn_official! More details to come during a special AMA on Monday, August 22nd. pic.twitter.com/eIcPHBYX8I
— DeFi Kingdoms (@DefiKingdoms) August 19, 2022
Q&A about Klaytn will be held on Thursday.
🏰The previously announced AMA today about Klaytn has been moved to an extended AMA on Thursday to make sure all your questions have time to be answered!
Remember that questions can be submitted in advance at https://t.co/oFBvRG0rtP— DeFi Kingdoms (@DefiKingdoms) August 22, 2022
According to DappRadar, $8.62 million of funds have flowed into DFK’s smart contracts in the past 30 days. In second place, Sushi Swap’s Harmony arm saw $6.16 million in the same period. The second-largest gaming dapp, Knights and Peasants, only saw $14.68,000.
Harmony hack report
Hackers stole $100 million from Harmony Protocol on June 25. Later, the Harmony team announced that they would give a $1 million reward to anyone who knew about the hacker. Reports pointed to the attack by the Lazarus Group, a notorious North Korea-linked cybercriminal organization. This hacker group was also the team behind the $600 million Axie Infinity hack.
The FBI considers Lazarus a “state-sponsored hacking organization.” The earliest attacks by hackers date back to 2009. Lazarus is allegedly responsible for the 2017 WannaCry ransomware attack, the breach of Sony Pictures in 2014, and a series of attacks against pharmaceutical companies.
