Fei Protocol offered the hacker $10 million in exchange for the restoration. The agreement strives to protect the FEI peg without the requirement for governance. To mitigate the effects of an assault in April 2022 that syphoned out approximately $80 million from several Rari Fuse pools, the DeFi platform Fei
The open-source, decentralized, non-custodial lending protocol Yupana.Finance just made the long-awaited announcement that it is bringing the advantages of a credit protocol to the Tezos community. Similar to other DeFi ecosystems, Tezos users may now borrow, lend, and get rewards. Tezos’s First Comprehensive Lending Protocol Yupana is already deployed on
Celsius mined 432.30 BTC in July, which is equivalent to nearly $10.3 million. Judge Martin Glenn of the Bankruptcy Court reached the ruling. Troubled crypto lender Celsius Network received a reprieve when the court supervising the firm’s bankruptcy case allowed the company to sell freshly mined Bitcoin. Although there were
The Singapore-based cryptofinance platform Cake DeFi has now launched its Q2 Transparency Report, which details the company’s accomplishments for the period. Despite Q2 2022 being one of the worst times for the cryptocurrency industry and the overall investment sector, Cake DeFi experienced its best quarter ever in terms of user
The Polkadot parachain Acala implements the Horizon cross-chain stablecoin protocol. The attackers’ excessive minting of aUSD stablecoin caused its value to plummet. Many people see Polkadot as the next logical step for Ethereum’s ecosystem. While it has shown promise in certain respects, a major attack was discovered today using one
The duo has been accused of continuously exaggerating the capabilities of their service. Voyager Digital filed for chapter 11 bankruptcy in early July. Mark Cuban, the owner of the NBA’s Dallas Mavericks, is being sued by both Voyager Digital investors and Mavericks supporters. Moskowitz Law Firm has initiated the class
The Polkadot network’s Acala suite of flexible financial products. Astar Network uses cross-consensus messaging (XCM). Acala, the leading DeFi network, and Polkadot’s innovation hub Astar Network are collaborating to boost DeFi on Polkadot. Effect of this collaboration, the top two parachains introduced The “Astar x Acala DeFi Rising” program to
Over $573,000 was stolen as the result of a front-end website exploit. Curve.exchange appeared to be unaffected by the hack. The decentralized finance (DeFi) protocol Curve.Finance has been the new target for the hackers on late Tuesday. According to a tweet alert from the Curve, Iwantmyname, a provider of DNS
The platform’s decision was attributed to current market circumstances. Hodlnaut apparently had $187 million in TerraUSD [UST]. Aside from Terra’s demise, a number of other crypto lenders filed for bankruptcy after suspending withdrawals. Cryptocurrency lenders like Three Arrows Capital and others have recently gone under, but a Singapore crypto firm
Voyager requested a court order to allow customers to withdraw cash. Voyager received the go-ahead from presiding judge Micheal Wiles. As per a report by WSJ, the U.S. Bankruptcy Court in New York has approved Voyager Digital’s repayment of $270 million to impacted consumers. Voyager received the go-ahead from presiding
