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Lifi Finance Hit by $8 Million Exploit, Warns Users to Avoid Applications


According to reports, the decentralized finance (defi) protocol Lifi Finance experienced an $8 million loss due to an exploit. Lifi confirmed the breach on X and advised users to avoid interacting with Lifi-powered applications. Lifi Finance Loses $8 Million to Exploit On Tuesday, the onchain...

Baby Doge’s New Telegram Game Hits 1m User in Under 9 Hour


Ever since Dogecoin, the adorable Shiba Inu memecoin, took over the crypto community, many dog-based coins emerged in the market. Among the waves of the many, Baby Doge is working on a plan to stay relevant. Recently, MemeFi’s token locker achieved the milestone of $10M Total Locked Value;...

Nigerian Witness Says Binance Users Operate Under False Identities


A witness in the ongoing Nigerian money laundering trial against Binance has alleged that many local users of the cryptocurrency exchange platform are operating under false identities. The witness further claimed that by allowing users to withdraw Nigerian naira (NGN), a regulated activity, Binance...

Kucoin to Implement 7.5% VAT on Transaction Fees for Nigerian Users


Nigeria-based KuCoin users will begin being levied a 7.5% value-added tax (VAT) on transaction fees starting on July 8. Some observers believe that Kucoin’s decision to implement this tax is intended to enhance its chances of securing an operating license. A Lagos-based crypto industry player...

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