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Jared Grey confirms SushiSwap lost $3.3M in token allocation
10.4.2023
Jared Grey, the Head Chef of SushiSwap, recently confirmed that the platform was attacked. According to the latest tweets, the platform lost over $3.3 million. The breach occurred in RouterProcessor2 that led to sifuvision.eth losing 1800 ETH. SushiSwap has reported that one attacker has returned...
SushiSwap Exchange Suffers Major $3.3 Million Smart Contract Hack – Here's What Happened
10.4.2023
Popular decentralized exchange (DEX) platform SushiSwap has suffered more than $3.3 million in losses after a hacker exploited a bug in a smart contract.
More specifically, the DEX saw its RouteProcess02 contract, a smart contract that aggregates trade liquidity from multiple sources...
U.S. delivers 2023 DeFi Illicit Finance Risk Assessment
7.4.2023
The U.S. Treasury Department happened to have delivered the 2023 DeFi Illicit Finance Risk Assessment. This happens to be the very first of its kind in the whole world ever. It was carried out on the topic of decentralized finance (DeFi). Risk assessment is useful in protecting the U.S. financial...
US Treasury Report: North Korea and Scammers Using DeFi to Launder Dirty Money – Regulation Incoming?
7.4.2023
The US Treasury has revealed that North Korean hackers and scammers exploit loopholes in the decentralized finance (DeFi) space to launder money and hide criminal activity.
In a Thursday report, the federal agency claimed that North Korean hackers and other groups engaged in illicit activity have...
ApeSwap announces the release of ApeSwap V3
6.4.2023
ApeSwap has taken this opportunity to officially announce the release of ApeSwap V3. This makes use of the most recent industry benchmark strategy for focused liquidity. The scalability will provide advantages for both ApeSwap and its connected users in the form of a higher level of capital...
M11 Credit Restarts Crypto Lending on Maple Finance After FTX Fallout – Here's What You Need to Know
6.4.2023
Blockchain-based financing firm M11 Credit has resumed crypto lending on the decentralized credit marketplace Maple Finance.
The news of the resumption of service was announced in a Twitter thread from M11 Credit on Wednesday, where the firm also said it had upgraded its underwriting...
BNB Chain and Ethereum begin hosting PancakeSwap V3
5.4.2023
Per the announcement by PancakeSwap, a decentralized exchange platform, V3 is now live on BNB Chain and Ethereum, with better improvements in comparison to V2. To start with, PancakeSwap V3 offers higher efficiency and flexibility in setting the fee structure for its users. Trading fees have been...
LayerZero Labs manage to obtain $3B in funding
5.4.2023
LayerZero Labs has successfully managed to collect an amount to the tune of $3 billion. This was duly obtained through a Series B funding round. In order to remain in sync with its plans for the future, this amount will be duly utilized for the onboarding of a fresh lot of employees, along with...
S&P Global Puts Decentralized Finance at the Forefront with New DeFi Director Hire – Crypto Going Mainstream?
4.4.2023
S&P Global is on the hunt for a DeFi director to oversee its expansion into the rapidly evolving decentralized finance sector.
According to a Monday job posting on LinkedIn, the giant financial information and analytics company is hiring for a DeFi director to spearhead its expansion into...
Arbitrum’s dream to decentralize goes down the drain
4.4.2023
Arbitrum’s efforts to hand over control to its community have not gone the way it wanted them to. Thus, efforts have been wasted due to critics’ harsh criticism of its first-ever governance proposal. Several critics called the procedure a “Sham Vote,” arguing that it was nothing...
Polytrade raises $3.8 million to expand international trade
4.4.2023
Polytrade, a Web3 protocol for worldwide commerce, has successfully raised $3.8 million. This was made possible through a seed fundraising round in which Alpha Wave, as well as Matrix Companions, CoinSwitch Ventures, and Polygon Ventures took an active role and made considerable contributions....
Crypto Scammer Gets Away with $1.2M in ARB Tokens Through 'Address Poisoning' Attack – Here's What Happened
1.4.2023
A hacker has made off with $1.2 million worth of ARB tokens through a relatively new type of cyber-attack that uses modified wallet addresses to steal funds.
Blockchain data shows that one crypto address has been stealing funds from Arbitrum users. So far, the attacker has scammed out over...
UNICEF's Foray into Crypto: Agency Tests Prototype DAO for Digital Public Goods
31.3.2023
UNICEF, a United Nations agency focused on humanitarian aid and relief to children, is further venturing into the cryptosphere with its ongoing work related to a decentralized autonomous organization (DAO) prototype.
"Right now, we're building a DAO prototype to fairly distribute power...
Arbitrum begins hosting Yama Finance
31.3.2023
Yama Finance is hosted on the Fuel and Eclipse networks, among others. The list has been expanded by the addition of Yama Finance, which has announced its debut on Arbitrum as of the end of March 2023. Yama Finance is an omnichain stablecoin with the industry’s highest leverage and liquidity....
ERC-4626 Alliance fosters collaboration & enhances ERC-4626 standard
30.3.2023
Considering the sheer force of standards, it becomes imperative for an overall wider endorsement that happens to be required for them to be able to create a greater impact. In the case of the previous endorsers of the ERC-4626, they have declared the 4626 Alliance, wherein a group of 4626 builders...
Instadapp introduces Transaction Transparency on Avocado
30.3.2023
Instadapp has taken to Twitter to share a major update on Avocado. It comes in the form of Transaction Transparency. The update basically empowers the users to gain insight into how transfers and approvals are done on the network. Specifically speaking, insights will relate to the approval of flash...
Notional introduces Notional V3 as the next level in DeFi lending
29.3.2023
Notional has created an absolute landmark by taking DeFi lending to the very next level with the introduction of Notional V3. This, in turn, is the most highly boosted protocol ever witnessed by DeFi. Notional V3, on its part, delivers the prime money market, which in actuality happens to be...
Safemoon Crypto Project Hacked: Attackers Steal $8.9M Using Publicly-Available Token Burn Function – Here's the Latest
29.3.2023
A hacker has made off with $8.9 million worth of digital assets after exploiting a vulnerability in the BNB chain-based DeFi exchange Safemoon.
According to crypto security firm Peckshield, the attacker exploited a public burn function introduced in the latest upgrade. The function included a...
Polygon announces the launch of open-source zkEVM
28.3.2023
Polygon Labs has taken to Twitter to announce the launch of Polygon zkEVM as an open source, with all the components being licensed under AGPL v3. The development ensures that Polygon zkEVM is no more proprietary but rather a tool for every developer who now has access to modify and distribute...
Premia exclusively brings ARB/DAI option to Arbitrum Network
27.3.2023
It has only been a couple of days since ARB’s launch, and Premia Finance has elevated the token already. The platform is bringing the world’s first ARB options to Arbitrum already. Now users can exclusively access the ARB/DAI options on Arbitrum. Users can also bridge to the network by accessing...