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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Is RUNE's price potential in the short term healthy for investors

Thorchain, a popular DeFi protocol went through a rough patch following a series of hacks. These exploits resulted in mammoth losses of over $10,000,000. The native token, RUNE, likewise suffered masThe post Is RUNE's price potential in the short term healthy for investors appeared first on AMBCrypto.

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Latest DeFi bridge exploit results in $4.4M losses for Meter

Another token bridge suffered a malicious attack where tokens were minted by a hacker through a smart contract exploit, eventually leading to a cascade effect across other DeFi networks.

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ImmuneFi report $10B in DeFi hacks and losses across 2021

The research reveals that crypto losses in the nature of exploits and rug-pulls saw a 137% rise in comparison to figure calculated in 2020.

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Interview With Aleph Zero On The MEV Problem That Could Cost Ethereum Users $1 Trillion In Losses

The Ethereum network remains to this day one of the most active and innovative blockchains in the crypto space. Onboarding thousands of users since its inception, Ethereum is the king of DeFi and some of the hottest trends in this industry with billions in total value locked (TVL).

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$7 Billion in Total Losses: Reviewing the Biggest Crypto Scams of 2021

Over $7. 7 Billion was stolen by crypto-scammers in 2021. Rug pull scams top the list with over $2. 8 Billion. The majority of scams took the form of DeFi and DEX projects. A Chainalysis sneak-peek report into global crypto-crimes has revealed over $7.

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Is Ethereum in any position to trigger a DeFi summer right now

The DeFi's market movement has been quite dismal over the past few weeks. Right from MKR, AAVE, and COMP to UNI, SUSHI, and YFI, almost all the top tokens from this space have been incurring losses.

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DeFi disasters: $31M drained from MonoX and BadgerDAO losses top $120M

A disappointing week of exploits has put a temporary grim cloud over the end of 2021, with BadgerDAO and Huobi-listed MonoX suffering major losses.

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Badger DAO falls prey to DeFi exploit, losses estimated at $10 million

Badger DAO, a Bitcoin-focused DeFi platform, has been allegedly exploited. The platform tweeted earlier today that it received reports of "unauthorized withdrawals of user funds." It stated, "Our invThe post Badger DAO falls prey to DeFi exploit, losses estimated at $10 million appeared first on AMBCrypto.

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Cointelegraph Consulting: Gaming tokens usher in altcoin season

Gaming tokens are preceding an altcoin season with substantial rallies as the DeFi sector posts losses against Bitcoin.

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Research: DeFi App Users Lost $10.5 Billion In 2021 Due To Theft And Fraud

Losses from crime and theft associated with decentralized finance applications jumped 7 times in a year to reach $10.5 billion, according to a new study.

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Crypto DeFi crime hit $10.5 billion in 2021, research shows

Fraudulent activities have been running rampant on Decentralized Finance (DeFi) platforms, according to new research conducted by crypto analysis firm Elliptic.   The losses have amounted to up to $10.

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DeFi bZx Losses $55M After its Developer’s Private Key Was Compromised In A Phishing Attack

Trading and lending platform bZx suffered an exploit of $55 million in yet another round of compromise. The decentralized finance (DeFi) protocol reported on Friday that the private key controlling the project’s deployments on Polygon and Binance Smart Chain (BSC) was compromised, leading to the loss of funds.

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Polygon Successfully Averts Catastrophic Loss Of Up To $850 Million

Polygon has paid the highest bug bounty in DeFi history to a white hat hacker that exposed a dangerous vulnerability. The $2M was paid for drawing the attention of the network to a potential flaw that could have led to losses of up to $850M.

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Trailblazing Tezos ($XTZ) Sees Highest Gain On DeFi Red Day — Here’s Why

In what appears to be a four-day green streak, Tezos ($XTZ) blazed the DeFi trail with a record new $9. 18 ATH, making it the second to make massive gains in a sea of DeFi losses plaguing the top ten DeFis over the last 48 hours.

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Compound's Leshner apologizes for 'bone-headed approach' after 'doxxing' threat

Popular DeFi platform Compound Finance suffered losses of over $80M in funds yesterday. This was precipitated by a bug in its new update, one which caused erroneous rewards to be granted to its borrowThe post Compound's Leshner apologizes for 'bone-headed approach' after 'doxxing' threat appeared first on AMBCrypto.

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Corsair World DeFi: “We Already Gave First Holders 700% In Just One Month”

“What can bring us closer together than the same losses? It doesn’t matter if there are two of you or 2 billion. If you have been in the same pit, you will understand this person, even if you see him for the first time.

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DeFi Hack: Vee Finance Losses $35 Million To Hackers Following Mainnet Launch

One of the major threats to businesses online, not only the crypto industry, is cybercriminals’ attacks. Even though the existing networks are supposed to be safe and secure, attackers often find loopholes to exploit them in the bid to steal investors’ funds.

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DeFi hacks: The crux of the problem lies...

Poly Network recently suffered what’s being called the biggest DeFi hack ever, amounting to over $600 million in total losses. Even as the community expressed disappointment and disbelief, this is hThe post DeFi hacks: The crux of the problem lies... appeared first on AMBCrypto.

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DeFi Sector Sees Record Losses from Attacks and Thefts in 2021

According to a fresh report from CipherTrace, cybercrime and thefts have hit the decentralized finance (DeFi) sector hard this year. The post DeFi Sector Sees Record Losses from Attacks and Thefts in 2021 appeared first on BeInCrypto.

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Poly Network Multi-Chain DeFi Protocol Suffers $611 Million Heist 

Poly Network has suffered a $611 million heist. The DeFi project announced the unfortunate incident via Twitter on August 10, 2021. In response to the heist, Tether has blacklisted the stolen Ethereum-based USDT tokens and Binance’s Changpeng Zhao has also pledged to work with security teams to tackle the issue. Poly Network Losses $611 MillionRead More

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THORChain (RUNE) Suffers Second Exploit in 8 Days, $8M Stolen

Cross-chain protocol THORChain (RUNE) has suffered around $8 million in losses in a new exploit today – its second hack […] The post THORChain (RUNE) Suffers Second Exploit in 8 Days, $8M Stolen appeared first on DeFi Rate.

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DeFi in the crosshairs again after ChainSwap loses $8M following exploit

In a huge blow to DeFi enthusiasts, cross-chain bridge ChainSwap was hit by a second exploit in eight days. The total losses from the exploit less than 12 hours ago reportedly amounted to almost $8 miThe post DeFi in the crosshairs again after ChainSwap loses $8M following exploit appeared first on AMBCrypto.

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BurgerSwap Flash Loan Exploit Leaves $7.2 Million in Losses of Stolen Ether, BNB, and More

Another Binance Smart Chain project was exploited by a flash loan attack, with DeFi platform BurgerSwap being the victim this time. According to a twitter post written by the Burgerswap Team, there were approximately $7.

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BSC Lending Protocol Venus (VXS) to Deploy a Grant Program to Cover the Losses from Massive Liquidation

Amidst the increasing number of exploitations of the Binance Smart Chain-based DeFi protocols, Venus is the latest. The lending protocol is one of the top projects on BSC with $2. 52 billion in total value locked (TVL), down from $7.

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DeFi Criminals Raked In $240 Million in 2021

DeFi frauds and hacks now account for the majority of crypto losses

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Ferrum Network Leverages AI And Machine Learning To Make DeFi More Accessible

The decentralized finance industry continues to grow and evolve. Ferrum network provides the highest APY on the market through its Rocket Vault. With a data-driven approach to create new vault strategies, users can maximize their profit potential and minimize losses.

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DeFi Insurance: The Safety Net of the Crowd

Mike Miglio, CEO of decentralized risk coverage specialists Bridge Mutual, explores the ways the booming DeFi industry might better protect itself amid high-profile losses in the hundreds of millions of dollars.

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Largest Binance Smart Chain Fraud: Meerkat Finance (MKAT) Rug Pulled with $32 Million Losses

Another day, another "rug pull" in DeFi corner. The team at Meerkat Finance (MKAT), BSC-based "yield farming" protocol, left with whopping $32 million in BUSD and BNB

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Nexus Mutual Expands DeFi Offerings to Include Centralized Exchanges

This is caused either by hacking, smart contract vulnerabilities, destabilization of an asset, or just a good old fashioned cryptocurrency rug pulls. Either way, solutions are needed to mitigate these losses.

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Chainlink (LINK) price prediction for January

Chainlink (LINK) price recorded losses of over 21% in December but it has already managed to erase these losses in the first three days of trading in January.   Fundamental analysis: Utilization on Matic apps Chainlink published a new report on how its oracles can be utilized in Matic Defi applications.

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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.

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DeFi Protocol Balancer to Reimburse the Losses of Liquidity Providers

Fernando Martinelli, the CEO, and Founder of Balancer Labs on June 30, 2020, responded to an incident where $500,000 worth of digital assets were lost saying the team would have done better and will now reimburse losses incurred by the affected liquidity providers.

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Bitcoin backed WBTC may be the need of the hour on DeFi

After noticing a constant rise in Bitcoin locked in Decentralized Finance [DeFi], the total BTC on the platform stood at 2.1k. Despite the tremendous losses noted by the DeFi in March, the value of BTThe post Bitcoin backed WBTC may be the need of the hour on DeFi appeared first on AMBCrypto.

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MakerDAO Takes New Measures to Prevent Another ‘Black Swan’ Collapse

The DeFi lending market MakerDAO has updated its governance protocols to prevent another occurrence of forced liquidations that lead to huge losses.

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Peter Schiff Claims That Bitcoin-Backed Loans Will Cause Huge Losses

Peter Schiff predicts Atomic Loan's Bitcoin-backed DeFi solution will 'blow up' in case of another BTC price crash

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For DeFi’s Sake, Maker Should Take Blame for Black Thursday Losses

While the system did not technically malfunction, a confluence of factors enabled a few opportunists to win the collateral auctions despite placing extremely low bids.

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