In January of this year, DefiLlama reported that DeFi TVL had reached $250 billion. Despite the decrease in TVL, August saw a 3.7% increase in activity based on DeFi. Current findings from DappRadar indicate a 10.47% decrease in the total value locked (TVL) throughout the DeFi ecosystem in August. At
The North Korea Team used over 1200 different crypto addresses for hacking. As per the Chainalysis team, groups connected to North Korea have stolen about $1 billion from DeFi Protocols. US authorities claim that North Korean team hacked $30 million worth of cryptocurrency from the play-to-earn game Axie Infinity. And
According to CertiK, there were three potential protocols affected. CertiK’s on-chain security software, Skynet, detected assault at 7:26 pm UTC on Tuesday. On Tuesday night, a flash loan attack was carried out using the Avalanche network. A specific smart contract and many liquidity providers were the targets of the assault.
The stablecoins code was released into GitHub by its developers. Over-collateralization ensures the new currency will maintain its $1 peg in the market. With the DeFi protocol Curve Finance, a new dollar-pegged stablecoin may soon be available. On Tuesday, the stablecoins code was released into GitHub by its developers. The
Attackers took control of the app’s front end by exploiting a weakness in the GTM script. Binance had identified two suspects and passed on the information. Kyber Network, a DEX, has announced that the attack vector responsible for last week’s vulnerability has been successfully found and deleted. Earlier, the platform
Websites often use GTM scripts to collect and record information about their visitors. Before the patch, the hacker made four transactions totaling $265,000 worth of tokens. The KyberSwap decentralized exchange (DEX) has become the latest DeFi initiative to be attacked, after last month’s Curve Finance vulnerability. The liquidity protocol upon
Total value locked (TVL) in the protocol drops from $30M to $4M after the attack. The team plans to give away all of its remaining treasury assets. When it comes to asset management firms, Babylon Finance is the most recent to shut down, but for an unusual reason. Recently, the
The Web3 network peaq, which drives the Economy of Things (EoT), has now announced its integration with the decentralized peer-to-peer fundraising platform Fundrs. AllianceBlock, a supplier of full stack decentralized financial solutions, has released a new product called Fundrs, which makes it possible for developers creating dApps on peaq to
The decentralized financial system Infinity Exchange has announced the launch of its Testnet, promising remarkable capital efficiency for traders, yield farmers, and real-money investors. Through its hybrid structure on the Ethereum blockchain, which executes computations and risk management off-chain, Infinity Exchange, an Institutional Fixed Income platform, promises to revolutionize the
Angela Ee and Aaron Loh of EY Corporate Advisors Pte are temporary managers. To save costs, Hodlnaut let off 80 percent of its workforce last week. The Singapore High Court have just now approved judicial management for the cryptocurrency lending platform Hodlnaut. The official announcement announces that Angela Ee and
