Defrost Finance Suffers a Hack, Some Call It a Rug Pull
Defrost Finance, a decentralized leveraged trading platform built on the Avalanche blockchain, reported that both of its versions — Defrost v1 and Defrost v2 — are under investigation…
DeFi
DeFi coverage examines financial activity built on public blockchains. This archive follows lending protocols, decentralized exchanges, staking, governance, liquidity markets, token launches, exploits and risk management across open financial infrastructure.
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Telegram to Build Crypto Wallets and Exchanges, says CEO Pavel Durov
Pavel Durov, the CEO of Telegram, says cryptocurrency users should switch to self-custodied wallets, as the company reveals it is stepping in to offer…
Binance Shares Six Principles for Centralized Exchanges
Following the collapse of the once-dominant cryptocurrency exchange FTX, centralized exchanges have lost some credibility among crypto investors.
HOUBI Claims pNetwork Exploited GALA Vulnerability For Profit
Huobi, a centralized cryptocurrency exchange, responded to the pGALA post-mortem measures and recovery plan published by pNetwork multichain routing protocol on its Medium channel…
$3 Million Stolen from Skyward Finance
A security attack cost Skyward Finance, an open-source launchpad built on the NEAR chain, 1.1 million NEAR tokens (about 3 million US dollars). Aurora…
Changpeng Zhao Alerts Investors Of Crypto Sites Phishing
The Chief Executive Officer of Binance, Changpeng “CZ” Zhao, has issued a warning that the search results provided by Google continue to promote websites…
Solidus Labs: Scams And Rug Pulls Makeup About 8% of All ERC-20 Tokens
The blockchain market integrity and risk monitoring company Solidus Labs reveals it has discovered that rug pulls and scam smart contracts make up for…
Cosmos Team Discovers a Critical Security Vulnerability in Its System
Following the BNB Chain incident last week, Cosmos developers looked over their IBC code and discovered a significant security flaw that put all IBC-enabled…
Solana DeFi Platform Mango Markets Losses $100M+ in Exploit
An attacker manipulated pricing oracle data in order to steal over $100 million from the decentralized finance (DeFi) exchange Mango Markets, which is based…
The $160 Million Wintermute Hack Was an Inside Job, Says a Cyber Sleuth
A cyber sleuth has claimed to have conducted a follow-up analysis on last week’s $160 million hack on the Wintermute algorithm market maker and…
Wintermute Crypto Market Maker Loses $160 Million in its Defi Hack
Wintermute, a cryptocurrency market maker, was hacked for about $160 million in its Defi activities, according to an announcement made on Twitter Tuesday by…