Both versions of Defrost Finance, a decentralized leveraged trading platform built on the Avalanche blockchain, have been reported to have been hacked. This was announced after investors reported losing staked Defrost Finance (MELT) and Avalanche in their MetaMask wallets. Doran, a key member of Defrost Finance, revealed that Defrost v2
BitKeep wallet exploited of about $8 million. Users of the multichain cryptocurrency wallet BitKeep claimed on December 26 that their money had been emptied and moved without their knowledge or permission. The BitKeep team stated in their official Telegram channel that attackers have hijacked certain APK package downloads and inserted
As the decentralized finance (DeFi) spin on the centralized exchanges is scrambling to shore up client trust in the aftermath of FTX, Aave will introduce a “proof of reserve” approach to secure bridging assets on Avalanche. Over ninety-nine percent of participants in the decentralized autonomous organization (DAO) that manages Aave,
Top Cryptocurrency Projects – An Intro Reckoning investment decisions with calculated risk for a crypto portfolio is crucial for any investor. With back-to-back misfortunes around the globe that impact its economy, the overall population go-haywire. As a repercussion, the overall trading community has been baffled in picking a promising and
Despite the current crypto market conditions, Decentralized finance (DeFi) still proved its higher scaling potential than the traditional financial industry. Some segments of the DeFi industry continue to “display a positive trend,” while the overall value locked fell from its peak of $180 billion in December 2021 to around $50
The layer-3 blockchain infrastructure solution Orbs’ dTWAP advanced trading order feature is integrating into the SpiritSwap decentralized finance (DeFi) platform. After a thorough examination and due diligence procedure by the SpiritSwap team. Swap and limit orders now support the majority of DEX-AMMs. After this integration, SpiritSwap will be the first
Celsius Network, the bankrupt crypto lending company, has attracted 30 possible bids for its different assets, including its retail platform and mining businesses. According to a company presentation filed on Tuesday, more than 125 parties have approached since September. Also, 30 prospective bidders have signed non-disclosure agreements. As per Celsius,
BlockFi, a defunct cryptocurrency lender, has filed a motion with the U.S. Bankruptcy Court seeking permission to release its customers’ cryptocurrency holdings in BlockFi Wallet Accounts. Withdrawals and transfers from BlockFi Interest Accounts will not be affected by this request, since they are currently suspended. The lender, which filed for
DeFi protocol Fluidity has said it will launch on the Ethereum mainnet on December 19. The Fluid-wrapped asset on-chain transaction incentive layer, which pays users for swapping, trading, or carrying out any on-chain transaction, will first be made available on Ethereum, with Solana, Arbitrum, and Polygon to follow. Fluidity is
Because of the current bear market, the crypto derivatives platform Paradigm has decided to reduce employee pay by 15%. After FTX’s bankruptcy last month, derivatives trading took a significant hit. Exchange co-founded by arrested entrepreneur Sam Bankman-Fried is accused of using billions of dollars in client cash to finance the
