Thu, November 21

$2M Bedrock Exploit Adds to DeFi Growing List of Cyberattacks 

The crypto sector continues to face an alarming wave of cyberattacks, with a recent breach involving the Bedrock protocol adding to the growing list of DeFi exploits. Ten hours ago, Cyvers Alert, a digital asset monitoring platform, flagged a suspicious transaction linked to Bedrock, a DeFi multi-asset liquid restaking protocol.

September 27, 2024 2 mins read

Bankroll Status Faces $230K Loss from DualPools Hacker Assault

Cybersecurity firm Cyvers has identified a significant breach at Bankroll Status, a decentralized finance (DeFi) platform on the BNB Chain, resulting in losses of approximately $230,000. Cybersecurity experts attribute the attack to the notorious DualPools hacker group. Cyvers flagged the suspicious transaction as part of a broader malicious operation. Their

September 23, 2024 2 mins read

DeFi Protocol DeltaPrime Hacker Moves 50% of Stolen Funds to Tornado Cash

Cryptocurrency’s active community has combated several scams since the very beginning. However, in the recent 9-month duration of 2024, a surge in crypto scams has been observed. The surge has occurred both in terms of the amount of funds lost and in the magnitude of the hacks. Recently, DeltaPrime DeFi

September 17, 2024 2 mins read

Kujira Team Announces New Rujira Alliance For THORChain App Launch

DeFi projects have become quite huge in number in the past few months. Partnerships between different web3 ecosystems are a cornerstone of DeFi advancements. Recently, the DeFi project Kujira has announced a partnership with three other ecosystems to build the layer 2 THORChain app.  Notably, the ThorChain is utilized by

September 10, 2024 2 mins read

Uniswap Labs Fined $175K by US CFTC as Part of Settlement

In a statement made public on September 4th, the Uniswap Labs, a developer of decentralized exchange (DEX), was charged by the US Commodity Futures Trading Commission (CFTC) with the unlawful sale of leveraged cryptocurrency trading to retail investors in the US. As part of the settlement, Uniswap Labs complied with

September 5, 2024 2 mins read

1inch Network Dives Deep Into DeFi with $1M Token Purchase

1inch Network is making significant steps in decentralized finance (DeFi) as a leading decentralized exchange (DEX) aggregator. The 1inch team recently spent $1.75M to purchase 7.96M 1inch tokens at $0.22 each. The team has invested around $5.49M since July 5, purchasing 22.4M tokens at an average price of $0.25 each.

September 4, 2024 2 mins read

Defi Protocols Fee Accumulation Drops to Lowest Since February

In August, the DeFi protocols fee accumulation dropped 24% from July. DeFi protocol’s total amount of fee, excluding the base layers is $288 million. This has recorded the lowest since February. In February, the total was $265.18 million. Uniswap led the list with protocol fees of over $85.44 million. August’s

September 2, 2024 1 min read

BounceBit CeDeFi V2 to Launch in September

BounceBit (BB), a Bitcoin restaking chain project, will release its BounceBit V2 in September 2024. The company announced this update on X, highlighting a significant overhaul to its centralized decentralized finance (CeDeFi) platform and BounceClub. The focus will be on improving the user experience and adding new tools for smart

August 30, 2024 1 min read

Can Bitcoin (BTC) Break Free from the Bears Grip?

Bitcoin (BTC) took a brief plunge yesterday, managed to hover at the $62,000 mark, and wiped off all the gains within the last 24 hours. BTC crashed by over 5.90%, marking one of the largest declines since August. The bears continued to restrain the bulls from recovering, slipping to a

August 28, 2024 2 mins read

DEF Settles Patent Disputes Securing Oracle Tech Involving DeFi

The DeFi Education Fund (DEF) recently settled with True Return Systems LLC (TRS) involving a patent dispute for Decentralized Finance (DeFi) protocols. On Monday, DEF announced that it had purchased a patent from TRS, resolving ongoing lawsuits against MakerDAO and Compound Protocol. The patent, U.S. Patent No. 10,025,797, covers “oracle-like”

August 13, 2024 2 mins read