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...
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.
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...
Euler Finance Was Hacked Despite 10 Audits in Last 24 Months
The 10 audits over the last 2 years concluded that Euler Finance had no issues and faced no threats prior to suffering a $196 million...
Hong Kong Crypto Scam Losses Reach New Heights
Hong Kong has experienced a surge in cryptocurrency-related scams that doubled losses to more than $217 million in 2022, according to the latest police figures....
Hope Finance Loses $2M Amid a Hacking Attempt
In a recent development, the Arbitrum-based DeFi project, Hope Finance, has lost around $2 million due to a hacking attempt. The platform notified its community...