Value DeFi Hacker Returns $2 Million Out of Goodwill, New Vaults Coming with “Maximum Security & Audit”

“Do you really know flash loans,” is what the hacker of yet another decentralized finance (DeFi) protocol has to say to the yield aggregating pool, Value DeFi. This cheeky message has been in response to Value DeFi’s tweet just a day before the hack claiming it has flash loan attack prevention. дальше »

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Another day, another hack: $2m in DAI drained from Ethereum DeFi app Akropolis

With billions of dollars on the line, it is no surprise that the decentralized finance (DeFi) space has been rife with hacks and exploits on innocent contracts. The post Another day, another hack: $2m in DAI drained from Ethereum DeFi app Akropolis appeared first on CryptoSlate. дальше »

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Breaking: Akropolis Reportedly Hacked for $2M in DAI Stablecoins

Decentralized finance (DeFi) protocol Akropolis has reportedly been hacked, with the attacker making off with $2 million in DAI tokens. Details of the Akropolis Hack Tweeting on Nov. 12, the project revealed: “We recently identified a hack executed across a body of smart contracts in the ‘savings pools’ that have been audited twice. дальше »

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Uniswap Trading Volume Exceeds $2 Billion Amid Harvest Finance Protocol Hack

Trade volume on Uniswap reached a record of $2.12 billion, coinciding with the hack of Harvest Finance DeFi protocol that resulted in the theft of $24 million in digital assets.

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The anatomy of a $25m DeFi exploit on Ethereum

The decentralized finance (DeFi) space has once again come under the spotlight after another hack or exploit took place. The post The anatomy of a $25m DeFi exploit on Ethereum appeared first on CryptoSlate. дальше »

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Harvest Finance Hacked for $24 Million, Puts Bounty on Alleged Attacker

According to reports on Oct 26. 2020, nearly $24 million in value has been siphoned from the liquidity pools of Harvest Finance, a major decentralized finance (DeFi) protocol. Harvest Finance subsequently confirmed the hack, stating that the protocol is “working actively on the issue of mitigating the economic attack on the Stablecoin and BTC pools. дальше »

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DeFi Community Plans Action Against Yearn Team Over Eminence Hack

A report emerged over the weekend claiming that members of the crypto and decentralized finance (DeFi) community plan to take action against Yearn Finance founder Andre Cronje and members of his team. дальше »

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All that is NOT bullish for DeFi

There are enough narratives of DeFi’s bullishness in response to every new development in the crypto space. Starting from the KuCoin hack to the recent CFTC charges on BitMEX, every event is known tThe post All that is NOT bullish for DeFi appeared first on AMBCrypto. дальше »

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CipherTrace Outlines Regulatory Gray Zones Plaguing Booming DeFi Sector

Here's how blockchain analytics firms like CipherTrace and Elliptic are viewing DeFi and DEXs after the KuCoin hack. дальше »

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DeFi critics criticize freezing of $130m in Kucoin crypto: here’s what they get wrong

KuCoin underwent a brutal hack last week that resulted in millions of dollars worth of coins lost. The post DeFi critics criticize freezing of $130m in Kucoin crypto: here’s what they get wrong appeared first on CryptoSlate. дальше »

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DeFi Ecosystem Fees Decline Sharply as the Market Cools Off

DeFi tokens have not recovered completely yet. In the past 30 days, these coins have lost considerable value with bZrx Network leading the losses with -85. 50% because of losing $8 million in its third hack. дальше »

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Synthetix founder speaks on Kucoin hack of $2.5m in SNX, millions in other DeFi coins

Late last week, KuCoin, a notable Singapore-based exchange known for its large offering of altcoins, bit the dust. The post Synthetix founder speaks on Kucoin hack of $2.5m in SNX, millions in other DeFi coins appeared first on CryptoSlate. дальше »

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DeFi protocol bZx suffers $8 million hack, customer funds safe

Blockchain protocol bZx suffered a hack early Monday, with hackers making away with almost $8 million in various cryptocurrencies before the vulnerability was patched. The post DeFi protocol bZx suffers $8 million hack, customer funds safe appeared first on CryptoSlate. дальше »

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$8.1 Million Lost In bZx Protocol’s Third High-Profile Hack This Year

Decentralized Finance (DeFi) lending protocol, bZx, has been hit by the third exploit this year. This time, it is believed that the hackers made off with approximately $8 million worth of digital assets. дальше »

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Defi Protocol Bzx Loses $8.1 Million in Third Hack This Year

So called decentralized finance (defi) lending platform Bzx on Sunday lost $8. 1 million in a new hacking attack, the third this year, caused by a flawed code in its smart contracts. The bug allowed the hacker to mint 219,200 LINK tokens (valued at $2. дальше »

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DeFi platform bZX sees new $8M hack from one misplaced line of code

bZX made all the right moves, but it wasn’t enough.

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DeFi Review: What Is Nexus Mutual? Introduction to NXM

Nexus Mutual's so-called “Smart Contract Cover” would provide users an extra level of safety for events like the DAO hack in 2016. дальше »

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One Billion, Two Billion, Three Billion, Four? DeFi’s Knocking on TradFi’s Door

DeFi is an overnight success years in the making. From "The DAO" hack to $3.6 billion in total value locked, here's the history of decentralized finance. дальше »

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Money Reimagined: This Isn’t Good for Bitcoin

This week's Twitter hack won't make it easier for the crypto industry to win friends in Washington D.C., with possible implications for DeFi and more. How we talk about events like this matters. дальше »

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As DeFi Is Marred by $500k Hack, Compound Is Changing Its Governance Protocol

After the DeFi project Balancer got hit by a $500,000 hack earlier this week, other projects have seemingly taken notice and changing rules on token distribution and governance. Compound is the first of these, as per a governance report Tuesday. дальше »

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DeFi platform Balancer to reimburse $500k in hack losses; community threatens legal action

It’s been a difficult 48 hours for DeFi project Balancer. The post DeFi platform Balancer to reimburse $500k in hack losses; community threatens legal action appeared first on CryptoSlate. дальше »

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Ethereum users continue to accumulate despite DeFi hack, ETH 2.0 uncertainty

It’s been a boring past few weeks in the crypto markets.

The post Ethereum users continue to accumulate despite DeFi hack, ETH 2.0 uncertainty appeared first on CryptoSlate.

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Yet Another Balancer Attack for ‘Unclaimed’ COMP; DeFi Liquidity Provider to Reimburse Hack Victims

It hasn't been 24 hours since the news about a $500,000 hack on Balancer came that a new attack has claimed $2,300 worth of the hot Compound tokens (COMP). Hao, a hacker and engineer at DeBank, a DeFi wallet took to Twitter to share how this time as well, someone used Andreessen-funded dYdX to flash […] дальше »

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The DeFi Hack: What Decentralized Finance Should and Shouldn’t Be

The DeFi sector will continue to grow in the future despite the difficulties that the industry has faced since the beginning of 2020, but be careful by choosing whom to trust.

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DeFi Protocol dForce Successfully Compensates All Users After Last Week’s $24.95 Million Hack

Chinese decentralized finance (DeFi) protocol, dForce was hacked last week but the startup promised to make users whole again. The platform announced that it has fully compensated the victims through the funds that the hacker returned. дальше »

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DeFi Project dForce Refunds All Affected Users After $25M Hack

The Lendf.me smart contract was hacked on April 29, but then, curiously, the funds were returned two days later. дальше »

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Top Crypto Whale Trashes DeFi, An Ethereum Marketing Ploy with “No Utility”

One of the most hyped aspects of Ethereum’s ecosystem, decentralized finance (DeFi), has been under the microscope over the past week after a double-whammy hack, with the same underlying exploit being used to steal assets from two DeFi platforms. дальше »

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Crypto exchange Coinbase moves to make DeFi safer on heels of multi-million dollar hack

Throughout 2019 and the first part of 2020, the growth of the decentralized finance (DeFi) ecosystem captured investors’ attention, leading to a significant influx of investors into Ethereum while also giving rise to the fast-growing stablecoin sector. дальше »

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Happy Ending of Ethereum DeFi Hack Still Leaves Much to Be Desired

It has been a tumultuous ride for users of Ethereum’s decentralized finance (DeFi) over the past few days. The evening of April 18th saw DeFi protocol Lendf. me go into a tailspin, with the protocol’s primary address bleeding funds at a rapid clip. дальше »

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dForce DeFi Protocol Hacked, $25M in Bitcoin (BTC) and Ethereum (ETH) Stolen

Today, the worldwide DeFi community witnessed probably its most devastating hack ever. The attack on the dForce protocol (aka Lendf.me) resulted in a $25M total loss. дальше »

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DeFi Protocol bZX Gets Abused Once Again

As if one attack against a DeFi protocol is not enough, bZX keeps generating headlines. The protocol has been “abused” for the second time in less than a week. One could argue that the first incident is not even a hack. дальше »

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Crypto Hacker Hits BZX DeFi App Again Stealing $635,000 in Ethereum (ETH)

The DeFi app bZx suffers the second hack in a row, now losing 2,378 in Ethereum (ETH) дальше »

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Litecoin Founder Slams Ethereum’s Fastest Growing Use Case in DeFi Hack’s Wake

Following a recent DeFi smart contract compromise, Charlie Lee has attacked the sector for being centralised. The Litecoin founder called the decentralised finance industry, growing fastest on Ethereum, “decentralization theatre”. дальше »

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More Details Regarding the bZX Incident Have Surfaced

A few more details have come to light regarding the recent DeFi hack. The bZX theft raised a lot of questions, and some answers have now been provided.   Figures indicate that roughly $360,000 worth of Ether has been earned by a criminal through the platform. дальше »

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