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
Telos is proud to announce that, as part of its Telos Fuel Incentive Strategy, it is actively exploring the decentralized financial sector. The journey begins with an extended partnership with ApeSwap, an AMM trading platform on the BNB Chain. Thanks to the collaboration, ApeSwap will launch on the Telos blockchain,
Sovryn, a company aiming to provide individuals all across the world financial independence and self-determination, has just announced that it has raised $5.42 million in a round of investment headed by General Catalyst. Collider Ventures, Bering Waters, Bollinger Investment Group, and Balaji Srinivasan also participated in the round as investors.
Temple DAO, a DeFi protocol, was hack and lost more than $2.3 million. Mango Market, a platform based on Solana, lost $100M as a result of a hack. Crypto hacking has been the most tragic thing to happen in the crypto market. The prominent Binance exchange also hacked on October
Coffeezilla, an online scam-busting investigator, has brought to light the fact. Celsius, meanwhile, has a negative net worth of more than $1.19 billion. Ex-CEO of the insolvent digital asset lending company Celsius, Alex Mashinsky is purportedly selling Celsius (CEL) tokens. Mashinsky, however, is being scrutinized after the bankruptcy filing and
AllianceBlock’s primary objective is to lower the barrier of entry to the blockchain and DeFi for all parties involved including the creators, developers, and end users. Keeping this in mind, the DeFi Terminal website has recently been revamped to provide a more streamlined experience for visitors. AllianceBlock also works tirelessly
The market cap of cryptocurrencies increased 8.5% ($981M) in Q3. According to the report on the crypto market signaling recovery from the bear market. A market analysis report from DappRadar for the third quarter (Q3), which uses on-chain data, indicates the cryptocurrency market’s recovery from the current bear market conditions.
Four additional decentralized tokens are available on DeFiChain’s DEX. DeFiChain offers users price exposure to their preferred assets without geographical restrictions. Four new decentralized tokens have been added to the DEX of DeFiChain, the leading blockchain in the world on the Bitcoin network. DeFiChain aims to make decentralized financial apps
The leading and fastest-growing Singaporean fintech startup giving simple access to Decentralized Finance (DeFi), Cake DeFi, has released its newest feature, Ethereum (ETH) Staking, with the additional access to liquidity through a tradable token which can be traded on the open market. Staking may be unlocked in advance of the
Celsius froze client withdrawals and later filed for Chapter 11 bankruptcy protections. Mashinsky handed up his resignation a week ago today. On Tuesday, S. Daniel Leon, co-founder of Celsius Network and Chief Strategy Officer, announced his resignation. After previous CEO Alex Mashinsky, he is the most recent executive to leave
