Sturdy Finance, a decentralized finance (DeFi) platform, has declared a $100,000 bounty to the hacker who discovered the protocol’s vulnerability. If the attacker accepts the offer, the lending platform’s team won’t take any more action. On June 12th, over $800,000 worth of digital assets were stolen from the DeFi platform.
The Sturdy Finance DeFi protocol lost 442 ETH, or over $800,000 at the time of writing, due to a hack. An intruder drained funds from the protocol by exploiting a vulnerability that allowed them to manipulate a flawed pricing oracle. PeckShield, a blockchain security company, notified Sturdy Finance on June
A district court in the United States has issued a default judgment ordering Ooki DAO to cease operations. Furthermore asked to pay a $643,542 civil penalty. In September 2022, the CFTC sued Ooki DAO for “unlawfully acting” as a futures commission merchant. And providing consumers margin and leverage trading services.
Uniswap, the leading decentralized exchange (DEX) powered by the Ethereum blockchain, has achieved a major milestone by surpassing 250 million swaps on its platform. This significant achievement solidifies Uniswap’s position as the worldwide go-to protocol for decentralized finance (DeFi) enthusiasts. Uniswap announced this remarkable accomplishment through a tweet from its
Cardano (ADA) has emerged as one of the most promising projects in recent years, with its fast-growing decentralized finance (DeFi) that challenges the more established network of Ethereum. This leads to the question what will be the price of Cardano (ADA) in 2030. However, it is worth noting that the
Last week was quite a rollercoaster ride for the crypto market amidst the SEC’s never-ending turmoil. It had a significant impact on the overall market, and surges in crypto gains became rare. Investors have been on high alert ever since the allegations. The DeFi market is no exception. The current
A lawsuit filed against the decentralized finance (DeFi) platform PoolTogether in the United States was recently dismissed. The judgment states that the federal court system is not the proper venue for voicing concerns about the DeFi startup. Judge Frederic Block of a federal district court in the United States remarked
After more than six weeks of sideways trading, cryptocurrency analysts and investors are keenly observing the movements in the crypto market. One token of special interest from holders is Binance Coin (BNB), especially after the United States Securities and Exchange Commission (SEC) called it a security. On the other hand,
SushiSwap V3 has made its grand entrance on the Avalanche (AVAX) blockchain, marking a significant milestone for traders and liquidity providers. With this latest release, users can seamlessly navigate the familiar UI of SushiSwap, combined with the newfound advantages of concentrated liquidity pools. Sushi Swap V3 is live on #Avalanche
According to data compiled by CryptoRank Platform, the combined TVL of all blockchains experienced a slight decline in May 2023. This trend suggests a slow rate of capital infusion into DeFi projects compared to previous months. TVL Performance on Multiple Networks in May The combined total value locked (TVL) of
