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 $1.2 million from…
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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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…
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…
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…
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…
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…
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…
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…
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)…
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…