In this week’s DeFi newsletter, we discuss Axie Inifnity’s Ronin bridge hack, Binance’s new Bridge 2.0 launch, the rise in DeFi TVL and more. The last week of March saw the decentralized finance (DeFi) market surge to new highs as institutional investors returned to the market. Amid the rising popularity of DeFi products, Axie Inifity’s…
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Viewers of the documentary, especially those aware of the whole saga, resonated with the conspiracy theory about the founder faking his death. Netflix’s new crypto documentary titled Trust No One: The Hunt for the Crypto King was released on Wednesday amid much fanfare. The documentary is based on the mysterious death of the now-defunct crypto…
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Twitter users have complained that the exploit has resulted in a sharp decline in the price of their Digital collectibles over the past week. Veve, a nonfungible token (NFT) marketplace with licensed digital collectibles, faced an exploit on Tuesday, resulting in millions of gems (in-app tokens) being acquired illegally. The platform is quite popular among…
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Agave and Hundred Finance have paused operations whilst investigations continue into the exploit. A hacker has made off with approximately $11 million in Wrapped ETH, Wrapped BTC, Chainlink, USDC, Gnosis, and Wrapped XDAI after using a “re-entrancy” attack on DeFi lending protocol applications Agave and Hundred Finance. The attack comes within 24 hours of news…
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“This is yet another example of evidence preserved on the blockchain forever,” said Chainalysis. Laura Shin, a cryptocurrency journalist and host of the Unchained Podcast, claimed to have discovered the identity of the individual behind an exploit which drained more than 3.6 million Ether from Germany-based startup Slock.it’s The DAO in 2016. According to a…
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OpenSea announced a new smart contract upgrade with a one-week deadline yesterday. However, the urgency and short deadline opened up a small window of opportunity for hackers. Just yesterday, OpenSea announced a smart contract upgrade, which requires users to migrate their listed NFTs from Ethereum (ETH) blockchain to a new smart contract. As a direct…
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The cross-chain router protocol recovered nearly 50% of the total stolen funds and devised a compensation plan for eligible investors. After a month-long fight against an ongoing exploit, cross-chain router protocol Multichain announced the recovery of nearly 50% of the total stolen funds, worth nearly $2.6 million of cryptocurrencies. The team has also released a…
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Scammers have been using advanced hacking bots on Telegram designed to trick investors into divulging their two-factor authentication, leading to accounts being locked and wiped out. Cybercriminals are using bots purchased on Telegram to trick users into giving them access to their cryptocurrency accounts. According to a report from cybersecurity firm Intel471, One Time Password…
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What happened with the Bitfinex hack? What does it mean now that the U.S. has the Bitcoin? Why is LEO token mooning and why is Netflix involved? It’s the Netflix script that wrote itself. A story so outlandish, it’s stunned the crypto community; an industry accustomed to apparent suicides in Spanish jail cells and nonfungible…
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The judge ordered pre-trial detention for Ilya Lichtenstein claiming he had the motive and the resources to flee and could become a flight risk. The husband-wife duo accused in the infamous $3.6 billion Bitcoin (BTC) money laundering case had quite a contrasting valentine. A federal judge upheld the decision of a suspended release for wife…
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