Validation Cloud, a Web3 infrastructure platform, has introduced a staking-as-a-service platform for institutions. Through the platform’s smart contract automation, institutions may deploy validators in large quantities and get rewards. The platform is non-custodial and allows institutions to stake as needed. Validation Cloud has made sure that its platform complies with
The U.S. authorities said in a filing on Wednesday that a revised bankruptcy plan submitted by cryptocurrency lender Genesis last week marks a substantial change of intentions. Instead of reorganizing, the lender is now trying to sell off its assets. The filing by U.S. Trustee William Harrington said that the
Onyx Protocol, a DeFi initiative, has suffered a security breach and lost almost $2.1 million worth of Ethereum (ETH) currency due to flash loan exploits. According to the findings, the Onyx protocol exploiter’s wallet address has 1,164 ETH, or almost $2.1 million. In order to steal from the oPEPE market,
Recent information suggests that the trading bot Team Unibot has been exploited. This bot allows DeFi users to purchase and sell tokens on Uniswap V3 without ever leaving their Telegram applications. In addition, the hacker seems to have traded meme coins from Unibot users for ETH. The tokens exploited are
DeFi’s total value locked, a key metric for programmable blockchains, is on the rise in the second layer solutions market, which is dominated by Ethereum. In spite of a lacklustre market, the net TVL of the 30 most popular platforms has increased by 32% over the past four months. The
After another flash loan exploit on its platform, the decentralized finance (DeFi) protocol Platypus lost almost $2 million in assets. As a defense mechanism, the protocol froze all of its pools over the assault. CertiK, a blockchain security platform, reports that $2.23 million were stolen in three separate assaults on
The decentralized finance (DeFi) market has been very active over the last week. And much of the momentum can be attributed to Coinbase’s Layer-2 network Base. L2Beat reports that the Base network’s Total Value Locked (TVL) increased by 25.15 percent, in the previous week, to a total of $556 million.
In a recent announcement, Stars Arena, Friend Tech’s Avalanche-based competitor, revealed a protocol attack that led to the loss of 266,103 AVAX tokens, or almost $2.88 million. Concerns regarding the security of smart contracts and the larger blockchain ecosystem have been raised. As a result of this shocking disclosure. Stars
Defunct Voyager Digital is at the center of the newest dispute. Stephen Ehrlich, Voyager Digital’s co-founder, has come under scrutiny after an inquiry by the Commodity Futures Trading Commission (CFTC). Most notably, a major US regulator has concluded that the co-founder of Voyager Digital Ltd. broke derivatives laws prior to
Lacking commercial demand and facing worldwide regulatory challenges, Yield Protocol, a decentralized finance (DeFi) lending protocol, has stated its intention to shut down before the end of the year. We’ve made the tough decision to wind down the Yield Protocol. The March 2024 fixed rate series will not be launched.
