Some members of the community are concerned that Lido Finance now controls almost a third of all staked ETH. They argue that Lido’s growing influence is threatening Ethereum’s decentralized nature. Dune Analytics reports a 95% increase in the total amount of ETH staked over the last year, from $22 billion
Singaporean cryptocurrency lender Vauld, which has been going through bankruptcy proceedings since August 2022, recently announced that it has been granted permission to reorganize its board. The restructuring of the corporation will be overseen by the new management. Vauld’s co-founder Darshan Bathija announced on Twitter on August 24 that the
Exactly is a crypto lending platform that operates on the Optimism network. Initially, it was reported that more than 7,160 ETH, worth approximately $12 million, had been taken, however, this figure was eventually reduced. According to Exactly, the breach affected the DebtManager peripheral contract. As per blockchain security companies DeDotFi
After experiencing an assault on its “zStables” pools on Curve Finance, Zunami Protocol has warned users not to purchase any of its Zunami Ether (zETH) or Zunami USD (UZD) stablecoins. Please do not buy zETH and UZD at the moment, their emission has been attacked. — Zunami Protocol (@ZunamiProtocol) August
In a recent filing, Celsius Network said that its app will be discontinued. Celsius, which debuted in 2017, has been mired in financial and legal disputes as of late. Despite these difficulties, the corporation is beginning to see the light as it prepares to become a new organization known as
According to Etherscan, on August 11th, insolvent crypto lender Voyager Digital sent 1,500 Ether to the crypto exchange Coinbase. This transaction was valued at around $2.77 million. Moreover, around 250B SHIB were also sent to the exchange. Many in the cryptocurrency world are wondering what the transactions might possibly mean.
Curve Finance, a decentralized finance (DeFi) protocol, has announced that it would pay consumers who were affected by the recent attack that resulted in $62 million in losses. An official Twitter account said that continuing investigations were providing positive results, with almost 79% of the monies recovered so far. The
Ethereum’s liquid staking sector has commanded explosive growth in 2023 as more investors look to benefit from the network’s staking rewards. Total ETH staked has risen in excess of 60% since the year’s open, meaning that more than $45 billion in ETH now helps to secure the network. This tremendous
On August 9, PeckShield, a blockchain security company, announced new vulnerabilities affecting DeFi initiatives. The company claims that a reentrancy assault affected Aave’s Earning Farm, leading to the loss of at least $287,000 in Ether. A reentrancy attack occurs when an attacker repeatedly submits and withdraws a money request in
The team of the Cardano-based decentralized exchange MuesliSwap has decided to reimburse customers who had significant slippage in the last twelve months. The MuesliSwap team “fell short in providing adequate clarity” on the slipping feature in their protocol as stated on August 8. Slippage refers to the fluctuation in cost
