Optimism-based decentralized crypto lender Exactly Protocol suffered a bridge exploit as it lost as much as $12 million worth of ETH earlier today. Blockchain security firm De.Fi reported that the hacker used an exploiter contract on Ethereum that transferred deposits to Optimism before ultimately bridging stolen funds back to Ethereum. The total value locked on…
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Decentralized Finance (DeFi) platform Zunami Protocol has confirmed a price manipulation attack on its “zStables” stablecoin pools on Curve Finance, causing potential losses of over $2.1 million. The attack is the latest among the list of protocols affected by the recent vulnerability in the popular DeFi platform Curve Finance, which drained funds from a number…
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Binance Labs, the venture arm of Binance, injected $10 million into Helio Protocol on August 11th. This investment supports Helio Protocol’s ongoing shift towards becoming a liquid staking platform. The substantial funding from Binance Labs highlights Helio Protocol’s promising potential and underscores the rising importance of liquid staking within decentralized finance (DeFi)…. Read More: Binance…
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Abracadabra Finance has put forth a proposal aimed to adjust interest rates to mitigate the risk of bad debt resulting from an $18 million loan to Curve Finance founder Michael Egarov. The proposal suggests hiking interest rates on the loan to 200% on two specific pools known as “cauldrons,” which consist of CRV tokens belonging to Michael Egarov. … Read…
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BitMex co-founder and former CEO, Arthur Hayes, has set his sights on a futuristic concept that could revolutionize the decentralized finance (DeFi) industry: self-sovereign AI DAOs (Decentralized Autonomous Organizations). … Read More: Crypto Billionaire Arthur Hayes’ Vision: AI DAOs to Become Invincible, Driving DeFi’s Supremacy over TradFi Read more »Sign up for e-EUR – the progressive…
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A vulnerability in the popular decentralized finance (DeFi) protocol Curve Finance has caused funds to be drained from a number of the protocol’s liquidity pools, while roughly $100 million remains at risk. In a tweet from Sunday, the Curve team said that “a number” of its pools that uses version 0.2.15 of the Vyper programming…
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The decentralized finance (DeFi) protocol Conic Finance has lost more than $3.2 million worth of Ether (ETH) in two separate hacking incidents in recent days. The first attack, which happened on Friday last week, was described by the Conic Finance team as a “re-entrancy attack” that exploited a vulnerability in Curve V2 pools, earning the…
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Bot tokens for the popular messaging app Telegram are increasingly being embraced by crypto traders, with the largest and best-known token in the category now nearing a $100 million market capitalization. Launched as recently as in May this year, Unibot, the leading project in the category, is now worth $80.2 million, after having risen by…
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More than $204 million was lost in various hacks and scams in the decentralized finance (DeFi) space during the second quarter of 2023, a new report by crypto portfolio app De.Fi has found. According to the report, the initial loss for the quarter was as high as $208.5 million before $4.5 million were recovered through…
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Insider trading is rampant before new ERC-20 tokens are listed on centralized exchanges (CEXs), according to blockchain intelligence firm Solidus Labs. In a report published on Wednesday, Solidus Labs said it found suspicious transactions ahead of major CEX listings of ERC-20 tokens in 56% of cases by looking at data going back to January of…
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