Senators Demand Explanations from Gary Gensler for Hacking Scandal
Two U.S. senators, J.D. Vance and Thom Tillis, have penned a letter to the Securities and Exchange Commission (SEC) Chairman, Gary Gensler, demanding explanations regarding...
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.
Yearn.finance Asks Users to Return Profits Generated Due to an Error
Yearn.finance, the leading decentralized finance (DeFi) platform, faces the task of recovering $1.4 million after an unfortunate multisig script error during a token conversion operation...
a16z Holds 11% of Compound Finance’s Total Token Supply
The cryptocurrency-focused venture capital firm, a16z, has attracted significant attention in the decentralized finance ecosystem after revealing its ownership of 11% of the total supply...
KyberSwap Seeks to Recover Funds After $50 Million Attack
The world of decentralized finance (DeFi) has been rocked by a recent attack on KyberSwap, a decentralized exchange (DEX), where an attacker managed to make...
Ethereum Liquid Staking Experiences Exponential Growth: $20 Billion at Stake
The liquid staking market on the Ethereum network has seen exponential growth, surpassing $20 billion in funds staked through liquid tokens (LST) this November 2023....
Onyx Protocol Loses $2 Million in Ethereum After Being Victim of DeFi Exploitation
Decentralized finance (DeFi) project Onyx Protocol is in the spotlight after losing nearly $2 million worth of Ethereum due to an exploit....
Uniswap in the Sights of Whales Amid Possible Bull Run
Uniswap (UNI) is garnering attention among large investors known as ‘whales.’ A recent analysis suggests that UNI may be in a bullish position, supported by...
Telegram Bot Maestro Suffers an Exploit Attack and Refunds 610 ETH to its Users
Telegram Bot giant Maestro, faced an exploit attack on its Maestro Router 2 contract that left approximately 280 Ethereum at stake. This incident sparked an...
Safereum Scam: How a DeFi Project Pulled the Rug on Its Investors
Safereum, a crypto project that claimed to be a meme-based and security-focused platform, has been exposed as a scam after its developers allegedly drained over...
The Closure of Yield Protocol and Challenges in the DeFi Industry
The Decentralized Finance (DeFi) ecosystem has received the announcement of the closure of the Yield Protocol in the past hours. This platform, which once attracted...