In 2022, euro-denominated digital assets have gained in popularity and many experts believe that the formation of this new sector will against all odds become a cornerstone for the future economy. The stablecoin economy is worth roughly $150+ billion today, with euro-backed stablecoin issuance experiencing a drastic increase of 1,683%
The exploiter stole 243,000 CELO from Binance and used it in an attack. Users were cautioned against trading mTokens, Moola’s interest-bearing tokens. Millions of dollars were made off of yet another DeFi protocol. The non-custodial liquidity protocol on Celo, Moola Market, is the protocol at hazard this time around. Moola,
A16z disagrees with the founder’s plan to split MakerDAO. Almost 90% of voters support the establishment of MetaDAOs. The top venture capital firm, Andreessen Horowitz known as a16z disagrees with the founder’s plan to split MakerDAO, one of the most prominent decentralized finance (DeFi) protocols in cryptocurrency, into smaller entities.
BitKeep said that its development team has moved quickly to limit the hacker’s access. The firm has also guaranteed to pay in full to the victims affected by the hack. This morning, October 18th, BitKeep, a popular wallet provider, was hacked and lost more than $1 million. Moreover, BitKeep wallet
The total losses in 2022 may exceed the total losses in 2021, which totaled more than $3.2 billion. On Tuesday, Solana’s popular Mango Markets trading protocol lost $100 million in liquidity. According to a report by American blockchain analysis company Chainalysis, hackers stole $718 million worth of cryptocurrency from DeFi
Wintermute borrowed $92.5 million for a duration of 180 days. Now Wintermute owes $75M to Maple Finance and Clearpool. Concerns about paying back $189.4 million in debt arose when crypto market maker Wintermute lost $160 million in a hack. Excitingly, on Oct. 15, Wintermute repaid a $92 million Tether (USDT)
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
