Could This Digital Asset Be the Solution for Recovering Losses of BNB and Polygon Investors in 2023?

Holders of crypto assets such as the Binance Coin (BNB) and Polygon (MATIC) bore significant losses while the seemingly waning bear market season lasted. However, a new DeFi project, BorroeFinance ($ROE), has surfaced on the scene with the potential to recoup the losses incurred from the downturn period.

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Platypus Finance suffers its third hack in 2023, losses $2m

The Platypus team said on social media it had taken the ‘proactive measure’ to suspend all pools temporarily. Decentralized finance (defi) protocol Platypus Finance suffered yet another hack this year, as around $2 million was stolen from the project. According…

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September sets 2023 exploit record, and DAOs can democratize science: Finance Redefined

September was the biggest exploit month in DeFi, with over $300 million in losses, taking the crown from August.

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Is ‘smart money’ that smart? Top 5 DeFi wallets have unrealized losses

In finance, ‘smart money’ typically refers to institutional or professional investors presumed to possess greater market knowledge and resources. However, an intriguing pattern emerges when examining the top holders across major DeFi platforms.

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Curve (CRV) Price Drops Below $0.40 – Will Founder’s $100M Debt Trigger More Losses? 

A controversial $50 million Curve Finance Exploit in July 2023 had raised concerns about the founder’s $117 million loans. Is the Curve Finance risk of another black swan DeFi liquidation event? The post Curve (CRV) Price Drops Below $0.

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Balancer protocol exploited for $900K as DeFi hacks mount: Finance Redefined

DeFi exploits resulted in losses of over $16 million in August.

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Crypto hacks and frauds take their toll in August 2023: Report

Immunefi's report unveiled a total loss of $1.2 billion across 211 specific incidents in 2023. Interestingly, DeFi projects bore the entire brunt of the losses in August, while CeFi remained unThe post Crypto hacks and frauds take their toll in August 2023: Report appeared first on AMBCrypto.

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Maker takes the cake among DeFi tokens with least holder losses

MKR wins as one of the DeFi tokens that have managed to maintain most of its value. MKR holds healthy premium despite recent market headwinds. The recent sell pressure in the crypto market tThe post Maker takes the cake among DeFi tokens with least holder losses appeared first on AMBCrypto.

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DeFi total losses breach $77B as July records largest loss of 2023 with $389M stolen

De. Fi’s Rekt Database reports that July saw $389. 82 million in DeFi losses related to hacks and exploits, pushing the cumulative total value of all of to cross the threshold of $77 billion.

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Aave loses second place to MakerDAO in DeFi TVL race

Aave's TVL has slipped by almost 20% in the last seven days.  Daily transactions involving AAVE have returned more profits than losses. Following a 15% decline in its total value locked (TVThe post Aave loses second place to MakerDAO in DeFi TVL race appeared first on AMBCrypto.

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July Crypto Hack Spree Threatens Recovery of DeFi Sector

Crypto hackers stole around $165 million in 50 attacks in July, the second highest month for hacking losses after March, according to blockchain security firm PeckShield. The post July Crypto Hack Spree Threatens Recovery of DeFi Sector appeared first on BeInCrypto.

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Defi platform Era Lend exploited on zkSync, losses $3.4m in assets

CertiK, a leading blockchain security firm, has issued an urgent Skynet Alert after receiving multiple reports of the defi platform Era Lend falling victim to an exploitation on zkSync.  Losses are currently estimated to be around $3.4 million. Another hacking…

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DeFi Protocol Multichain Hacked For $126 Million, PechShield Confirms

In a shocking turn of events, the cross-chain router protocol Multichain has been targeted in an exploit, resulting in significant losses. The exploit specifically targeted Multichain’s Fantom bridge, leading to the extraction of valuable crypto assets such as WBTC, USDC, DAI, wETH, and Link.

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DeFi ‘circuit breaker’ could slash hack losses by 70%: Finance Redefined

The top 100 DeFi tokens had a mixed week. Most tokens traded in the same range as the previous week, with a minor bearish correction.

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ETH DeFi ‘circuit breaker’ could cut hack losses by 70% — Developer

Diyahir Campos, a smart contract developer behind the new ERC proposal, sought action after falling victim to the Euler Finance hack in March.

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Losses from crypto rug pulls outpaced DeFi exploits in May: Finance Redefined

The top 100 DeFi tokens had a bullish last week of May, with most of the tokens recovering from two weeks of bearish pressure.

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Losses from crypto rug pulls outpaced DeFi exploits in May: Beosin

Over $45 million was lost to exit scams in May, while exploits on DeFi protocols racked up less than half that amount over the same period.

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DeFi ecosystem's recovery in 2023 might have this asterisk

Big players like Uniswap and Lido attracted users. Some of the other performance indicators of the DeFi ecosystem fell short of expectations. After suffering losses during the bear market ofThe post DeFi ecosystem's recovery in 2023 might have this asterisk appeared first on AMBCrypto.

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Interview: Giddy’s smart wallet will boost interoperability within the DeFi ecosystem

Key takeaways The DeFi ecosystem has suffered huge losses over the past two years due to the ongoing bear market. Giddy’s DeFi smart wallet seeks to solve the problems of interoperability and ease of use within the DeFi ecosystem.

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UMA Token Surges By 28% Despite General Bearish Trend

UMA (UMA) has registered an impressive 28. 7% gain in the last seven days, according to data by CoinMarketCap. In a week marked by market losses and little gains, the DeFi token showed much resilience to emerge as one of the biggest weekly gainers.

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Liquid staking solutions now have more TVL than DEXs: Finance Redefined

April was a month of hacks, exploits and rug pulls, resulting in over $100 million in net losses across DeFi platforms.

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As Filecoin (FIL) and Polkadot (DOT) Prices Stagnate, Is it Time to Switch to Digitoads (TOADS)

The cryptocurrency market is volatile and constantly on the move. While this volatility can bring significant returns, it can also lead to losses, and the current DeFi market is a prime example of this.

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Hundred Finance hacked on Optimism, suffers $7 million loss

Hundred Finance, a decentralized finance (DeFi) multi-chain lending protocol utilizing the veHND model, has experienced a significant security breach on the Optimism layer-2 scaling solution. The protocol, which integrates with Chainlink oracles to ensure market health and stability, announced via their official Twitter account on Saturday, April 15, that they had been hacked with losses […] The post Hundred Finance hacked on Optimism, suffers $7 million loss appeared first on CryptoSlate.

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DeFi Protocol Yearn Finance Impacted in Nearly $11M Exploit That Occurred Via Aave Version 1

Losses may total over $11 million, data suggests.

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SushiSwap Exploit Leads to Over $3M Loss For Users; SUSHI Drops 6%

Decentralized exchange (DEX) SushiSwap is the latest victim of a DeFi exploit causing at least $3.3 million in losses for one user. The post SushiSwap Exploit Leads to Over $3M Loss For Users; SUSHI Drops 6% appeared first on BeInCrypto.

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Sentiment DeFi platform losses $1m to hacker on Arbitrum

Sentiment, a decentralized finance (DeFi) platform offering lending and borrowing services on the Arbitrum layer-2 network, was hit by a malicious exploit on April 4, resulting in a nearly $1 million loss.

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Hot Wallets Exploits Push This Crypto ATM Maker To End Cloud Service

One of the challenges of the crypto industry is cybercrime. These nefarious activities come in diverse strategies such as network hacks, phishing, exploits, etc. 2022 was one of the worst years for the industry as many projects and DeFi protocols recorded massive losses to bad actors.

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DeFi and NFTs plagued by hacks worth millions in this time frame: Analyzing...

DeFi remained a major target for bad actors in the crypto market, with total losses exceeding $20 million. The crypto industry also needs to be cautious of bridge attacks, which became popular The post DeFi and NFTs plagued by hacks worth millions in this time frame: Analyzing... appeared first on AMBCrypto.

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IntoTheBlock Launches Advanced Risk Management Indicators for Benqi & Euler 

IntoTheBlock, the blockchain data analytics firm, is thrilled to announce the alpha release of a new product for risk analysis in DeFi; The IntoTheBlock Risk Radar. The Risk Radar aims to shed light on the most relevant economic factors that can put DeFi deposits at risk of losses.

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Crypto Investors' $28M ‘Black Thursday’ Lawsuit Against DeFi Giant Maker Dismissed by US Judge

The class action lawsuit filed in 2020 alleged that Maker-related entities knowingly misrepresented risks of holding collateral debt positions and caused heavy losses for some users during the March 2020 market crash.

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DeFi Hacks Top $6 Billion

DeFi hacks have surpassed $6 billion in losses in 2022, according to crypto data analyst Kofi

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DeFi security losses rose 47.4% in 2022 to hit $3.64B: Report

Over $1.40 billion worth of stolen DeFi funds was reportedly laundered via Tornado Cash during that period.

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Crypto and DeFi Losses Hit $3.9 Billion in 2022, Says Report

2022 saw billions of losses to DeFi and crypto exploits. Only 5.2% of the losses were recovered, according to a report by Immunefi. The post Crypto and DeFi Losses Hit $3.9 Billion in 2022, Says Report appeared first on BeInCrypto.

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Crypto Firm Orthogonal Trading Said to Be in Provisional Liquidation After Maple Defaults

Orthogonal defaulted on $36 million of loans on decentralized finance (DeFi) protocol Maple Finance earlier this month after it misrepresented its losses from the FTX implosion.

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CryptoSlate Wrapped Daily: Ethereum losses deflationary gains; Andre Cronje reveals how DeFi saved Fantom

The biggest news in the cryptoverse for November 29 includes exchanges dismissing rumors of insolvency, NEXO releasing proof of reserves, Andre Cronje revealing how DeFi helped Fantom grow its reserve, United States politician Beto O’Rourke returning a $1 million donation to Sam Bankman-Fried, and ETH erasing 80% of deflationary gains post-FTX collapse.

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Value of assets locked in DeFi has fallen by 75% over the year

The DeFi market is suffering big losses. The total value of crypto assets blocked in DeFi protocols (TVL) has sharply decreased and reached 20-month lows. The fall is due to a large-scale sell-off in the cryptocurrency market after the collapse of the FTX exchange.

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Losses due to hacks in crypto stand at $3 billion year-to-date, says Peckshield

More than $760 million were stolen from 53 DeFi protocols last month, bringing the total amount lost to hacks to $3 billion so far this year.   Security firm Peckshield has revealed that losses from hacks in the cryptocurrency space have reached $3 billion since the start of the year.

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Assessing reasons for a profitable DeFi industry despite the ongoing crypto winter 

The ongoing crytpo winter has led to investors bearing severe losses in the industry. However, the decentralized finance (DeFi) sector is showing positive returns for investors. Furthermore, the returThe post Assessing reasons for a profitable DeFi industry despite the ongoing crypto winter  appeared first on AMBCrypto.

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DeFi TVL drops by 10% in August; Ethereum leads with most losses

DappRadar, in a new report, found that the overall total value locked (TVL) within the decentralized finance ecosystem (DeFi) declined by 10. 47% in August. The total TVL now stood at $58. 4 billion.

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Celsius countersues KeyFi, claims deceit and incompetence led to tens of millions in losses

Crypto lender Celsius has gone on the offensive against former staking and DeFi strategy associate KeyFi and its CEO, which had sued it a week before it went bankrupt.

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Celsius Network coin report shows a balance gap of $2.85 billion: Finance Redefined

Majority of the DeFi tokens traded in red with several registering double digit losses over the past week.

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DeFi Responsible for 60% Rise in Crypto Hacks, Says Chainalysis

A surge in stolen funds from decentralized finance (DeFi) protocols has sent losses from cryptocurrency hacks soaring nearly 60% in the first seven months of the year. The post DeFi Responsible for 60% Rise in Crypto Hacks, Says Chainalysis appeared first on BeInCrypto.

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Curve Finance: Issue Found And Reverted, CRV Sees 10% Losses

Via their official Twitter handle, the Ethereum-based decentralized finance (DeFi) protocol Curve Finance has confirmed a vulnerability in their nameserver or frontend curve. fi which was successfully reverted.

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AAVE: The curious case of 11 May crash and how it was a blessing for investors

Most cryptocurrencies took a significant hit during the recent crash, however, some tokens emerged victorious with profits more than losses. One such token was, AAVE. Although the price of the DeFi toThe post AAVE: The curious case of 11 May crash and how it was a blessing for investors appeared first on AMBCrypto.

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DeFi Dips: Top coins to buy while the price is low

As crypto starts to see some recovery after major losses last week, keen investors…

The post DeFi Dips: Top coins to buy while the price is low appeared first on Coin Journal.

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Scream protocol losses millions to stablecoin depeg

Scream, a decentralized lending protocol on the Fantom network, incurred a $35 million debt after failing to adjust the prices of two stablecoins that lost their peg on its platform.  The DeFi protocol had hardcoded the value of these affected stablecoins, Fantom USD (fUSD) and DEI, to $1, meaning their decline did not reflect on […] The post Scream protocol losses millions to stablecoin depeg appeared first on CryptoSlate.

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German Regulator Calls for New DeFi Laws

BaFin's Birgit Rodolphe said decentralized applications like insurance, lending and securities could be subject to significant fraud and losses, and called for EU-level laws.

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DeFi protocols declare losses as attackers exploit LUNA price feed discrepancy

Venus Protocol and Blizz Finance announced that their protocols were exploited due to the difference in LUNA market price and price feed as Chainlink paused the LUNA oracle.

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Terra contagion leads to 80%+ decline in DeFi protocols associated with UST

Projects associated with Terra suffer losses of more than 80% as contagion spreads. Meanwhile, Maker (DAI) gets a boost as traders look for other decentralized stablecoin options.

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