What You Need to Know About Lido DAO (LDO) V2 Version and 8% Increase
Lido DAO (LDO) is a decentralized autonomous organization, a liquid staking solution for Ethereum and other blockchains. Lido allows users to stake their tokens and...
Category : DeFi
Decentralized Finance News (DeFi)
Decentralized Finance (DeFi) is a completely revolutionary concept for the traditional financial system.
DeFi implies that there is no control by any government or financial entity over the finances of individuals. In this case, it is the community itself that regulates itself, setting its own rules, conditions and sanctions.
The DeFi world is growing day by day and more and more projects are being launched in this space.
Keep up to date with all the news about DeFi in this section of The Cryptocurrency Post.
US Justice Department Targets DeFi Hackers and Cryptocurrency Thieves
The United States Department of Justice (DOJ) is intensifying its crackdown on Decentralized Finance (DeFi) hackers and exploiters, as illicit crypto activities have surged over...
Crypto Scams and Exploits in April Account for Half of 2023’s Total Losses
The month of April witnessed a significant surge in crypto exploits, exit scams, and flash loan attacks, with over $103 million stolen from crypto projects...
DeFi Hacks: $11.6M Stolen from Yearn Finance as Hacker Mints 1 Quadrillion yUSDT
Decentralized Finance (DeFi) protocol Yearn Finance, suffered an attack to the tune of $11.6 million on April 13 following a hacker’s minting of 1 quadrillion...
SushiSwap Team is Working on Recovering Funds After an Exploit of $3.3 Million Made by a Hacker Due to a Bug
Decentralized finance (DeFi) protocol, SushiSwap, also know for having a cross chain swap feature, reportedly lost $3.3 million to hackers on April 19, due to a...
Allbridge Hacker Finally Returns Biggest Part of the $573K Stolen Funds
Hacker of the multichain token bridge Allbridge returned the biggest part of the $573,000 stolen funds as a form of acceptance of a ‘white hat...
Allbridge Offers Bounty to Hacker as Binance Comes to Rescue
Attacked multichain token bridge Allbridge has offered a bounty to the hacker behind the $575,000 exploitation of its core liquidity pools on April 2 as...
DeFi Executives Speak on Launching KYC
Decentralized Finance (DeFi) executives remarked at the World of Web3 (WOW) Summit in Hong Kong on the need to launch “Know Your Customer” (KYC) in...
SafeMoon Exploited for $8.9 Million
SafeMoon was reportedly exploited for $8.9 million on March 28 following the compromise of its Liquidity Pool (LP) according to blockchain security firm PeckShield. ...
Kokomo Finance Stole $4 Million Users’ Funds Via Exit Scam
Optimism-based crypto lending protocol Kokomo Finance allegedly conducted an exit scam and stole $4 million in users’ funds on March 26 according to a report...