On August 22, 2023, the FBI issued an alert, cautioning about North Korean hackers possibly trying to cash out bitcoin valued at over $40 million. U.S. Intelligence Flags Potential $40M Bitcoin Liquidation by North Korean Hackers The FBI is urging both public and private sectors to be vigilant regarding 1,580 bitcoins (BTC) acquired by North…
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A fresh round of attacks targeted the DeFi ecosystem on Aug. 18. The Exactly protocol was exploited for nearly $7.3 million, while the Harbor’s team is still estimating the amount stolen. Decentralized finance (DeFi) protocols Exactly and Harbor were exploited on Aug. 18 in two separate — and apparently unrelated — attacks, according to blockchain…
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Hackers working for North Korea have continued to attack companies in the crypto space this year, according to independent sanctions monitors. Their findings, which reveal that Pyongyang proceeds with the development of its nuclear and weapons programs, will be included in a U.N. report which is to be released in the coming weeks. North Korea…
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The platform further emphasizes its current priority, which revolves around assessing the proportional portions of each impacted user. Curve Finance, a decentralized finance (DeFi) platform for lending stablecoins, has officially stated its intention to reimburse users who were impacted by the recent breach resulting in a $62 million loss from the system. According to a…
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Binance jumped in with a $5 million Curve token investment to help with efforts to minimize the risk of contagion. Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week. The DeFi ecosystem is yet to recover…
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Aave tokenholders are voting on three proposals that could reshape the protocol’s exposure to the Curve DAO token. The Aave community is seeking to reduce its protocol exposure to the Curve DAO token, with two proposals open for voting on Aug. 10. The move comes in an attempt to limit the risk posed to the…
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The leveraged yield aggregator confirmed on Aug. 7 that it was hacked and said it’s willing to discuss a bounty with the exploiters. Decentralized finance (DeFi) app Steadefi was exploited for at least $334,000 on Aug. 7 in an ongoing attack. The app’s development team has said in a social media post that the attack…
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Curve Finance is extending a $1.85 million bug bounty offer to anyone who can identify the exploiter of its stable pools. Decentralized finance (DeFi) protocol Curve Finance is extending a bug bounty offer to anyone who is able to identify the exploiter responsible for draining over $61 million from its pools on July 30. Curve…
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The attacker started returning stolen funds after accepting nearly $7 million in bug bounty. Funds had been returned to Alchemix and JPEGd. Lending platform Alchemix has announced the return of all stolen funds by the Curve finance hacker. The attack took place on July 30 and resulted in over $61 million in cryptocurrencies drained, including…
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Most DeFi tokens traded in the red on weekly charts due to the chaos caused by the Curve Finance exploit. Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week. The $47 million Curve Finance exploit on…
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