The assailants artificially inflated the value of their collateral and then borrowed heavily. According to the terms of the arrangement, the hacker must return $67 million in tokens. Recently, a thief made off with $100 million in cryptocurrency using an exploit in the Mango Markets platform. Mango DAO has given
Los Angeles, CA, 12th October, 2022, Chainwire Takeaways: DeSo, a new blockchain that has raised $200 million from Coinbase, Sequoia, and Andreessen Horowitz, just launched DAODAO, a breakthrough cross-chain fundraising platform. DAODAO allows entrepreneurs to launch fundraising rounds with coins immediately tradeable on an on-chain order-book exchange. Founders can raise
Founded by Amit Mukherjee, former NEA Partner and Forbes 30 under 30 alum As a “Venture DAO,” aims to be “The New Standard in Community + Capital” Community members earn tokenized carry for supporting Chainforest’s process Already invested in eight promising web3 projects: Arkive, Magna, Syndicate, and Utopia NEW YORK–(BUSINESS
It started with a $1 million pilot transaction, and the rest will follow shortly. MakerDAO’s native stablecoin, DAI, will be converted to US dollars. In a Thursday announcement, MakerDAO, the biggest DeFi lending protocol in the world, said it will invest $500 million in US Treasury bonds and investment-grade corporate
Premiere blockchain gaming platform Mythical Games, along with Krafton, Ubisoft, FaZe Clan, Animoca Brands, among others, collaborate to give gamers a seat at the table LOS ANGELES–(BUSINESS WIRE)–The Mythos Foundation has been established to manage the day-to-day operations of the Mythos blockchain gaming ecosystem decentralized autonomous organization (DAO). With support
DIY lending and borrowing technique Rari Capital had $80 million stolen. TRIBE token holders were offered pro rata shares of the DAO’s assets. The victims of the Rari Capital breach have come a long way, but it seems like their ordeal is finally over. Tribe DAO, the organization formed from
As a community, the team excitedly shared some encouraging news. It joined forces with one of DeFi’s most promising IDO accelerators. The market is ripe for disruption, and it may be found in a launchpad platform and crowdfunding community that brings together the vision of long-term support and the muscle
Over 10,000 token holders make up Apollo DAO. Around $200 million was trapped in the Apollo DAO network upon its inception. Simultaneously with the issuance of an arrest order for Terra co-founder Do Kwon by a South Korean court, Apollo DAO, a decentralized autonomous organization built on the Terra blockchain,
There are just 15 WETH in the contract at the time of writing. An estimated 15,000 ETH (Ethereum) remains to be paid to lenders. It has been discovered that the Wrapped Ether (wETH) contract used by the lending protocol BendDAO has exhausted its supply. There are just 15 WETH in
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
