In order to keep the firm’s commercial operations operating after its $48.8 million exploit in November, the team behind decentralized finance protocol KyberSwap has “regrettably” slashed its personnel by 50%. Kyber Network’s CEO Victor Tran stated: “Regrettably, we have also reduced our workforce by 50%. The decision to part ways
Leading manufacturer of hardware wallets for cryptocurrencies, Ledger, recently fixed a vulnerability in their Ledger Connect Kit. The firm has pledged to compensate any customers who have been impacted by this security incident in full, showing that it takes its responsibilities seriously. Quick action was taken by Ledger after user
A decentralized protocol wants to bring new value to the cryptocurrency market with the zero-coupon discount bond market and the yield curve. Investors’ risk tolerance and financial goals often lead to various opportunities. For those prioritizing stability and consistent returns, bonds emerge as a beacon of dependability. The appeal of
A surprising event occurred in the Decentralized Finance (DeFi) arena when the Ledger ConnectKit was the victim of a supply chain assault, which resulted in a rug-pull security compromise. Malicious code injection into different Decentralized Applications (dApps) is possible due to the vulnerability, which has been dubbed a “supply chain
In the short time since its introduction, the Ethereum Layer-2 network Blast has achieved a new Total Value Locked (TVL) milestone, according to statistics from DefiLlama. According to the numbers, Blast’s TVL now stands at $837.02 million, up 27% from where it was seven days ago. The L2 solution had
An arbitrage bot depleted the LFNTY-USDC pool on December 8 from the decentralized exchange (DEX) Lifinity. The $699,090 loss was triggered by an unanticipated reaction to a botched deal, according to Lifinity’s Discord channel. Durden, a key member of Lifinity, revealed that a bot tried to benefit from price disparities
Private investors have contributed $2 million to Jelly Labs AG and Fintonomy LTD, the companies developing the foundational protocols underpinning Jellyverse. Based on DeFiMetaChain, Jellyverse is a platform providing advanced decentralized financial services. The money raised will be used by Jelly Labs AG and Fintonomy LTD to further accelerate the
The DeFi protocol KyberSwap lost $48.8 million due to a major vulnerability that occurred on November 22. The company plans to compensate individuals who were impacted financially. In response, KyberSwap is setting up a grant program to compensate those impacted by the incident using funds from its treasury. Affected persons
The decentralized trading protocol Uniswap’s native token UNI has stormed into the spotlight, surging by a staggering 16% in just a day, reaching an impressive three-month high of $6.28 hours ago. This surge coincided with a remarkable 74% spike in trading volume, marking a significant milestone for the cryptocurrency. The
DeFi platform Raft lost about $3.3 million in Ethereum (ETH) after hackers attacked it on Friday. However, the attacker may have incurred a loss on the crime. According to the information available on the blockchain, a hacker stole 1,577 ETH from Raft and promptly transmitted 1,570 ETH to a burn
