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 published a report that…
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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Recent Blockchain Bridges Hacks Are a Big Problem to Solve for the Crypto Ecosystem
This year has witnessed crypto heists totalling up to $1.2 billion, which is twice the amount of last year’s record, according to research by…
Nomad Bridge Loses $190M in a Chaotic Copy-Paste Exploit
Nomad has become the latest token bridge attack this year following the high-profile exploits of the Ronin, Wormhole, and Harmony bridge.
New Analysis Predicts the Crypto ATM Sector Will Reach $472 Million by 2027
New research indicates that the worldwide market for crypto ATM will develop rapidly over the next five years, reaching half a billion dollars in…
Future BSP Governor Says Cryptocurrencies Are Based On “The Greater Fool Theory”
The economist Felipe M. Medalla, who is in line to become the next governor of the central bank of the Philippines, has said that…
PancakeSwap Announces a New Trading Competition With Over $120K in Prizes
Pancakeswap, a popular Decentralized Exchange known as an automated market maker (AMM), announced today that it would launch a new trading competition with a…
Goldman Sachs Offers Bitcoin-Backed Loan Facility
A lender can now use Bitcoin as collateral for a loan, according to global investment bank Goldman Sachs. As Wall Street continues to embrace digital…
Tonic Collects $5 Million to Fund a DeFi Platform on NEAR Protocol
Tonic has recently concluded its latest funding round. The platform made an announcement about collecting $5 million in funds. These funds will be used…
Huobi Incubator Partners with Celo to Stimulate Stablecoin Development in the Web3 Field
Huobi Global is among the top cryptocurrency exchanges in the world. The exchange is now evaluating a move into the development of stablecoin in…
According to the IMF, DeFi Platforms are Needed to Take Advantage of Their Benefits While Mitigating Their Risks
The International Monetary Fund (IMF) in a recent report considers Decentralized Finance (DeFI) a risk to global financial stability, especially as it continues to…
Beanstalk Farms Announces the Loss of $182M in an Exploit
With the rise of blockchain technology, maligned elements have also gained entry into the industry. Cryptocurrency protocol and projects can become vulnerable to hacks…