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 about the exploit…
DeFi
DeFi coverage across lending markets, decentralized exchanges, liquid staking, governance, protocol revenue, exploits, risk controls and the experiments shaping open financial infrastructure.
Kaspersky Releases a New Consumer Cyberthreat Forecast for 2023
According to a recent study by the cybersecurity company Kaspersky, the Metaverse may become a major target in 2023. This is in addition to…
$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…
CZ Says Binance is Investing Heavily in DeFi
Changpeng Zhao “CZ,” the CEO and founder of Binance, announced the news on Twitter that his business is making a significant investment in DeFi.
Solana DeFi Platform Mango Markets Losses $100M+ in Exploit
An attacker manipulated pricing oracle data in order to steal over $100 million from the decentralized finance (DeFi) exchange Mango Markets, which is based…
Wintermute Crypto Market Maker Loses $160 Million in its Defi Hack
Wintermute, a cryptocurrency market maker, was hacked for about $160 million in its Defi activities, according to an announcement made on Twitter Tuesday by…
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…
Dogecoin Copycat TeddyDoge Crashes by 99%, Becomes Rug Pull
The price of a Dogecoin imitation called TeddyDoge (TEDDY) has practically reached zero after dropping by more than 99.94% over the previous 24 hours,…
Alpaca Finance Announces a New Automated Vault Strategy
After much anticipation and social media buzz, Alpaca Finance officially debuted its Automated Vaults function in March 2022. With a high Annual Percentage Yield,…
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…
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…