Coinbase Warns: Beware of Ethereum Restaking
Coinbase highlighted financial and security vulnerabilities. Following its investigation, it warned investors, advising them to beware of Ethereum restaking.
Staking is a process in which cryptocurrency holders block a certain amount of their tokens in a wallet to support blockchain operations, such as transaction validation or network security. In return, they receive rewards in the form of new cryptocurrencies, similar to an ‘interest’ system.
3 PostsCoinbase highlighted financial and security vulnerabilities. Following its investigation, it warned investors, advising them to beware of Ethereum restaking.
Cryptocurrency staking represents an advanced way of participating in the blockchain, which is fundamental in the context of decentralised finance (DeFi).
SEC accuses Kraken of not registering their staking programme as a cryptocurrency service.
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