An approval process issue in the Stablecoin protocol Seneca’s smart contract allowed an exploiter to access around $6.4 million in digital assets. Seneca has offered a 20% bounty to the person or people responsible for this exploit. The stablecoin protocol vulnerability was reported by many blockchain security organizations on February
FTX, the bankrupt crypto exchange, has reached a settlement with its EU founders, Patrick Gruhn and Robin Matzke, who were sued for over $323 million. The settlement also involves FTX selling its assets in the EU, where it failed to gain traction. The lawsuit, filed in July 2023, claimed that
Maven11 Capital, a crypto venture capital firm, has reported impressive returns of 54%, worth $1.43 million, by investing in DeFi tokens. These returns are particularly from UNI, the native token of Uniswap. The firm capitalized on the DeFi token surge, which was driven by the growing attention to the DeFi
On Friday, February 23, Uniswap’s native token UNI saw a significant surge in value. The decentralized exchange’s decision to alter the fee system in favor of UNI token staking is the primary reason for the 75% price increase in Uniswap. However, at the time of writing, the price faced a
Hong Kong’s Securities and Futures Commission (SFC) has seen a surge in crypto license applications from both local and global players in the past two months. On Feb. 20, Huobi HK, the Hong Kong arm of crypto exchange Huobi, became the 18th applicant for a virtual asset trading platform license.
Flare, the data blockchain, and Sindric Solutions have partnered to introduce XDFi, a revolutionary decentralized futures technology developed by Wall Street professionals. With its mission to provide a non-custodial, trustless futures contract purchase environment that is operational around the clock, XDFi seeks to elevate industry standards for efficiency and compliance.
Coinbase Global (COIN), the Nasdaq-listed cryptocurrency exchange, saw one of its largest institutional supporters, ARK Invest, sell about $90 million worth of its shares on Friday. This happened after the exchange posted strong fourth-quarter earnings that led to several analyst upgrades. Coinbase shares surged nearly 27% to $180.31 last week,
Most qualified creditors have already received their liquid crypto payments via PayPal and Coinbase, the two distribution agents of the defunct crypto lender Celsius, as per the announcement. The legal team representing Celsius, Kirkland & Ellis, recently updated the court on the payouts to creditors as stated in the restructuring
Uniswap, a decentralized crypto exchange, has dropped signals on twitter about the impending release of Uniswap V4, an automated market maker protocol that is non-custodial, non-upgradeable, and permissionless. Uniswap V4 is expected to be released somewhere in the third quarter of this year, according to the twitter post. The protocol
Sushi, a decentralized finance (DeFi) firm, plans to introduce Susa, a decentralized derivatives platform on Layer N, an Ethereum Layer 2, in an effort to mimic certain features of centralization for decentralized platforms. According to Jared Grey, head chef at Sushi: “Sushi is excited to partner with Layer N, as
