Thu, November 14

Kyber Network Deletes Attack Vector Responsible For Exploit

Attackers took control of the app’s front end by exploiting a weakness in the GTM script. Binance had identified two suspects and passed on the information. Kyber Network, a DEX, has announced that the attack vector responsible for last week’s vulnerability has been successfully found and deleted. Earlier, the platform

September 7, 2022 2 mins read

When Will DeFi be Competitive with Traditional Finance?

We all like to root for the underdog.  Whether it’s a David and Goliath story, the Mighty Ducks, Eddie the Eagle, or that couple down the street running their startup in the garage.  There is just something about seeing someone who is outmatched, outfunded, and outclassed, overcome through intense focus,

September 5, 2022 7 mins read

KyberSwap Hit by Frontend Exploit Losing Over $265,000

Websites often use GTM scripts to collect and record information about their visitors. Before the patch, the hacker made four transactions totaling $265,000 worth of tokens. The KyberSwap decentralized exchange (DEX) has become the latest DeFi initiative to be attacked, after last month’s Curve Finance vulnerability. The liquidity protocol upon

September 2, 2022 2 mins read

Babylon Finance Announces Shut Down Due to Previous Hack

Total value locked (TVL) in the protocol drops from $30M to $4M after the attack. The team plans to give away all of its remaining treasury assets. When it comes to asset management firms, Babylon Finance is the most recent to shut down, but for an unusual reason. Recently, the

September 2, 2022 2 mins read

Infinity Exchange Unveils Future of Institutional Fixed Income in DeFi

The decentralized financial system Infinity Exchange has announced the launch of its Testnet, promising remarkable capital efficiency for traders, yield farmers, and real-money investors. Through its hybrid structure on the Ethereum blockchain, which executes computations and risk management off-chain, Infinity Exchange, an Institutional Fixed Income platform, promises to revolutionize the

September 1, 2022 3 mins read

Singapore High Court Grants Hodlnaut Judicial Management

Angela Ee and Aaron Loh of EY Corporate Advisors Pte are temporary managers. To save costs, Hodlnaut let off 80 percent of its workforce last week. The Singapore High Court have just now approved judicial management for the cryptocurrency lending platform Hodlnaut. The official announcement announces that Angela Ee and

August 30, 2022 1 min read

Leading DeFi Protocol Compound Releases New Upgrade

The release is the result of a successful governance proposal. As of right now, customers may only withdraw their collateral. To simplify the process of borrowing and lending cryptocurrency, Compound, the leading DeFi protocol, has released a new “streamlined” version of the protocol dubbed Comet. The release is the result

August 26, 2022 2 mins read

Intermediaries No Longer Need to Manage Digital Assets, Says Ledger CEO

Pascal Gauthier says there is no longer a need for centralized exchanges. Consumers should utilize decentralized technology, as per the Ledger CEO. Pascal Gauthier, the CEO of Hardware wallet developing technology, Ledger recently warned the consumers in connection with investing in centralized exchanges. In an interview held at the Bitcoin

August 26, 2022 2 mins read

Crypto Lending Platform Celsius Files Countersuit Against KeyFi

About a month ago, KeyFi claimed that Celsius had scammed it out of money. Celsius suspended client withdrawals on June 13. Celsius has filed a countersuit against its ex-partner. Celsius, a cash-strapped crypto lending organization, has filed a lawsuit against KeyFi, a DeFi strategy firm, and its CEO Jason Stone,

August 24, 2022 1 min read

Creditors of Voyager Digital File Petition Over Retention Proposal

Voyager Digital filed an application with the United States Bankruptcy Court. The creditors of the exchange, however, did not agree with the plan. The Unsecured Creditors Committee of Voyager Digital Holdings has filed a petition objecting to the business’s plan to retain its workers by offering them financial incentives to

August 22, 2022 2 mins read