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 —...
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.
Binance CEO: 99% of Users Will Lose their Crypto in Self-Custody
Changpeng Zhao, the CEO of Binance, has issued a warning to the cryptocurrency community regarding self-custody, claiming that while only 1% of people can currently...
Jim Cramer Calls SOL, XRP, DOGE Cons
Everyone is aware of Jim Cramer’s love-hate relationship with cryptocurrencies, and it’s a complicated one. Only a few days ago, he was recommending that individuals...
Ankr Defi Protocol Suffers a Multi-million Dollar Attack
The BNB chain-based Ankr defi protocol has suffered a significant exploit as a result of a major bug in its code that allowed for limitless...
Solana (SOL) NFT Data Continues to Grow Despite DeFi TVL Falling
Solana DeFi TVL decreased by 70 percent in November, whereas Solana NFT data is still expanding, with an average transaction volume that climbed by 67.7...
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 decentralized...
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 on...
$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 Lab’s...
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 that...