The planned purchase of defunct US crypto lender Voyager Digital especially by Binance.US has been blocked by authorities on many occasions during the last few months. Recently, however, Voyager reported that the Unsecured Creditors Committee (UCC) had struck an agreement with the U.S. government allowing the purchase plan to go
A court document suggests that defunct cryptocurrency lender Celsius Network sought to sue crypto blogger and Celsius creditor Tiffany Fong for disclosing confidential business information. According to a snapshot posted by Fong, she has around $119,000 worth of crypto assets locked on Celsius after the company halted withdrawals in the
Term Labs announced on April 12 it had successfully launched its first testnet auction, cleaning $22.4 million in USDC loans against ETH at 2.96% interest over a four-week term. “We were pleasantly surprised to see the auction clear within a few basis points of the current midpoint of Compound Finance’s
Decentralized Finance (DeFi) has been making waves in the financial world as a revolutionary technology. That allows peer-to-peer value transfer on blockchains without intermediaries. However, concerns have raised about the risks associated with DeFi, including money laundering and terrorism financing. According to recent reports, the US Treasury Department released a
This weekend, security company PeckShield discovered a significant flaw in the DeFi protocol SushiSwap, namely in the ‘RouterProcessor2’ contract, which is used for trade routing on the SushiSwap exchange. In other words, consumers unwittingly give the exploiter access to their tokens by approving the fraudulent contract. PeckShield tweeted: “It seems
According to a recent assessment from the United States Treasury Department, crypto, consumers, and national security are all at risk due to inadequate cybersecurity measures within the decentralized finance (DeFi) sector. This groundbreaking report is the first to propose that the decentralized and distributed structure of DeFi necessitates further regulatory
By providing a reward of $95,000 for the hacker. The lending protocol Sentiment was able to retrieve the stolen funds. Sentiment urged the hacker to “do the right thing” by offering $95,000 in exchange for the restoration of the stolen assets by April 6 in an on-chain transaction on the
On Tuesday, the decentralized finance (DeFi) lending protocol Euler Finance reported that the exploiter responsible for the multi-million dollar assault has repaid all recoverable assets. The project’s developers said the hacker had refunded all the money as per a Twitter post. On March 13, Euler Finance was the victim of
dexFreight, a Fintech-enabled logistics market network driven by smart contracts, has been awarded a USPTO patent, which will allow real-world asset-collateralized NFTs to be introduced into the Rootstock DeFi ecosystem. DexFreight received a USPTO patent on March 28, 2023 (Patent No.: US 11615375 B2) for its novel approach to electronic
Allbridge, a multichain token bridge, had over $573,000 stolen from it, but the exploiter has apparently returned a major amount of it in exchange for a white hat reward and no legal action. On April 3, Allbridge tweeted that it had received a message from a person who has returned
