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Hacker Steals $6.9 Million From Arbitrum-Based Defi Protocol Lodestar Finance
11.12.2022
Arbitrum-based lending platform Lodestar Finance was exploited on Dec. 10, 2022, according to a tweet from the project’s Twitter account on Saturday. Community reports detail that Lodestar lost roughly $6.9 million from the vulnerability. Lodestar Finance Loses $6.9 Million in an Exploit,...
DeFi Protocol Perennial Launches with $12M Fundraise
7.12.2022
Polychain Capital and Variant co-led the round for the decentralized derivatives protocol
DeFi Protocol Sushi Proposes 'Immediate' Action to Support Its Treasury
7.12.2022
Developers proposed to divert 100% of fees generated on the platform to SushiSwap’s multisig for one year or until new tokenomics are implemented
BNB Chain-Based Defi Protocol Ankr Suffers Major Exploit
2.12.2022
Decentralized Web3 infrastructure provider Ankr has become the latest victim of a hacking attack targeting the defi space. The perpetrators who hit the platform were able to mint and steal a massive amount of tokens in a multimillion-dollar exploit. Defi Protocol Ankr Hit by Unlimited Mint...
DeFi Protocol Ankr Suffers Infinity Minting Exploit – Here’s What Happened
2.12.2022
Decentralized finance (DeFi) infrastructure provider Ankr has been exploited to the tune of over $5 million due to a bug that allowed for unlimited minting of its token.
In a tweet today, the team said that their aBNB token has been exploited. They also asked exchanges to halt trading and asked...
DeFi Protocol Ankr Exploited for Over $5M
2.12.2022
The attacker was able to mint 6 quadrillion aBNBc tokens, which they eventually turned into around 5 million USDC
Cosmos-based DeFi protocol Onomy gets $10M funding
25.11.2022
Onomy Protocol, a Cosmos-based DeFi protocol, has been able to successfully get a funding of $10 million for itself. For the uninitiated, the protocol is also a decentralized protocol for financial transactions. This enormous success was made possible by the participation of many investors who each...
DeFi protocol raises $10M from Bitfinex, Ava Labs despite turbulent market
23.11.2022
The prolonged market volatility has not stopped investors from backing a new protocol that merges DeFi and the foreign exchange market
SBF’s ‘Truly Trustless’ Protocol — Serum’s Upgrade Authority May Be Tainted, Devs Look to Fork Project
13.11.2022
According to Solana’s founder, Anatoly Yakovenko, Serum developers are forking the platform because the “upgrade key to the current one is compromised.” Serum, created by FTX’s Sam Bankman-Fried (SBF), was touted as “completely permissionless,” but now that...
Shaky USDT Price Stirs Speculation Tied to Alameda Reserves, Tether Freezes 46 Million Tokens
10.11.2022
Amid the market fluctuations on Thursday, data shows the stablecoin tether temporarily tapped a low of $0.961 per unit. Tether’s market fluctuations have affected the decentralized finance (defi) protocol Curve’s 3pool, as the stablecoin pool has become unbalanced Thursday morning....
DeFi Protocol Solend Struck by $1.26M Oracle Exploit
2.11.2022
Solana-based decentralized finance (DeFi) protocol Solend has suffered an exploit in relation to pricing oracles, resulting in $1.26 million in bad debt
DeFi Protocol Voltz Opens Door for Passive Traders With Liquidity Optimizer Vault
1.11.2022
The new product will give traders the opportunity to earn passive LP returns without the risk of impermanent loss, Voltz's CEO said
Unsung hero saves DeFi protocol from potential exploit: Finance Redefined
21.10.2022
Analytical data reveals that DeFi’s total value registered another dip, with the total value locked (TVL) falling below $50 billion at the time of writing
Hacker Steals $8.4 Million from Moola Market DeFi Protocol
19.10.2022
As cybercrime continues to be an important subject in the decentralized finance (DeFi) sector, the latest incident sees Moola Market being exploited for over $8.4 million. In a surprising turn of events, the majority of these funds were later returned.
“First off, we're buoyed by the fact that...
Solana-Based Defi Protocol Mango Markets Loses $117 Million in Hack, Exploit Allegedly Revealed in Project’s Discord in March
12.10.2022
According to various reports, the Solana-based trading and lending platform Mango Markets was hacked as a malicious actor was able to siphon $117 million from the protocol. An analysis of the hack published by Certik explains that the attacker manipulated the price of the project’s native token...
DeFi Protocol Temple DAO Struck by $2.3M Exploit
11.10.2022
Temple DAO, a DeFi protocol that offers users yields on deposits, has been hit by a $2 million exploit, according to blockchain security firm PeckShield
Student Organizations Pull Their Weight in DeFi Protocol Governance
1.10.2022
Crypto-curious students find valuable hands-on experience and empowerment in policy elections, a typically low-participation area of the Web3 ecosystem
Founder of Failed Crypto Exchange QuadrigaCX Starts DeFi Protocol UwU Lend
26.9.2022
Sifu, the pseudonymous co-founder of failed Canadian crypto exchange QuadrigaCX, has released UwU Lend, a decentralized finance (DeFi) protocol forked from Aave
Value Locked in Defi Drops to Lows Not Seen Since March, Ethereum Dominates TVL by 57%
24.9.2022
The state of decentralized finance (defi) in terms of total value locked (TVL) has been tumultuous, to say the least, and currently the TVL in defi today is approximately $54.95 billion. The TVL has not been this low in over five months since March 29, and the most dominant defi protocol today...
Hubble Protocol Raises $5M to Expand Solana-Based DeFi Protocol
8.9.2022
The protocol aims to create a Solana-based MakerDao equivalent: a DeFi protocol with a U.S. dollar denominated stablecoin