A hacker exploited the decentralized finance (DeFi) platform Euler Finance early Monday morning and stole around $200 million worth of crypto, according to the blockchain security firm SlowMist. Euler...
Tag: DeFi
XRP Drops as Bears Emerge, MATIC losing grip in the DeFi space, while TMS Network (TMSN) Grows Over 700%
Ripple (XRP) is an open-source decentralized technology. Ripple (XRP) is known for its low-cost and faster transactions. Ripple (XRP) was formed as an energy-efficient Bitcoin blockchain alternative. ...
Top 3 DeFi Tokens That May Skyrocket In March
DeFi (Decentralized Finance) is a rapidly growing sector in the cryptocurrency industry, with many innovative projects emerging every month. Some of the top DeFi tokens that could potentially skyrocke...
Poolz & Euler Hit With Back-to-Back DeFi Exploits Totaling $2.3M
A hack has cost Poolz Finance around $390,000 on the Binance Smart Chain and Polygon, PeckShield spotted on Wednesday. The blockchain security company noted that the hack could have occurred due to an...
DeFi TVL recovers after high-profile US banks crumpled
The total value locked (TVL) in decentralized finance (DeFi) protocols dropped to a two-month low after three banks in the US collapsed earlier this month. However, the TVL has been showing signs of r...
Conflux (CFX), Fantom (FTM) And TMS Network (TMSN): Bridging The Gap Between Traditional Finance and DeFi
Decentralized finance is revolutionizing the concept of how we interact with capital. With the advent of smart-contract blockchains, many developers offer tools for building DeFi platforms. Conflux (C...
DeFi Exploit Alert: Euler Hack Caused Almost $200 Million Loss
From the hack of a DeFi protocol, hackers stole nearly $200 million. Euler, recently got hacked resulting in decreasing its token EUL value by 50%. A Decentralized Finance (DeFi) protocol suffered f...
How Centrifuge Is Making DeFi Impactful With Real-World Assets
Like many small business owners, Amazon sellers can find it hard to get the credit they need to expand. They hit a brick wall because all too often the option to unlock capital from their assets is ei...
DeFi Hack: Euler Finance Pushes to Recover Funds After Blocking Vulnerable Module
Euler Finance, a lending protocol in the decentralized finance (DeFi) space, which has witnessed several losses of funds through network exploits, has fallen victim to the largest exploit so far in 20...
Euler Finance suffers $197M DeFi hack
Euler Finance, a DeFi lending protocol, suffered a flash loan attack on March 13, resulting in the biggest hack of crypto in 2023 so far. The lending protocol lost nearly $197 million in the attack, i...
DeFi Lender Euler Finance Drained of $197M In Flash Loan Exploit
Decentralized finance (DeFi) platform Euler Finance has reportedly suffered an exploit of approximately $196.9 million, per audit platform BlockSec. The attacker nabbed $8.7 million in the decentraliz...
Euler attack causes locked tokens, losses in 11 DeFi protocols, including Balancer
Contagion from the Dec. 12 flash loan attack against Euler has spread far and wide, resulting in frozen or lost funds for 11 different decentralized finance (DeFi) protocols, according to Dec. 13 repo...
This DeFi Protocol Just Got Hacked. Its Token Is Still Doing Better than a Major US Bank’s
FRC and EUL’s price actions underscores how investors’ perceptions of market events can be more influential than the actual events themselves. First Republic has not defaulted, gone insolvent or...
DAI was flawed from the beginning says DeFi founder
Andrey Shevchenko — the founder of decentralized finance (DeFi) protocol Zircon Finance — shared his view that MakerDAO’s (MKR) so-called “decentralized stablecoin” DAI’s (DAI) introduction of USD Coi...
Euler DeFi Protocol Faces Loss of $177M In Major Attack
Ethereum-compliant lending protocol Euler Finance lost $8 million in an attack. In 2022, it raised $32 million from industry giants Coinbase, Jump, Jane Street, Uniswap, and defunct FTX. BlockSec aler...
DeFi Platform Euler Finance Loses $197 Million in Flash Loan Exploit
Defi News It is still unclear what vulnerability was exploited to launch the assault. The attacker employed a chain of six separate flash loans. According to audit platform BlockSec, the decentralized...
DeFi protocol Euler Finance suffers a $197m hack
Decentralized finance (DeFi) platform Euler Finance has been targeted in a flash loan attack, losing $197 million worth of DAI stablecoin, WBTC, stETH, and USDC. Euler Labs is working with security ex...
Crypto Lender Euler Finance Falls Prey To $197 Million DeFi Flash Loan Attack
– Advertisement – Summary: Euler Finance was drained of DAI tokens, staked Ether, USDC, and wrapped Bitcoin after a flash loan attack. On-chain security firms BlockSec and Peckshield said ...
Euler DeFi Protocol Exploited for Nearly $200M
Euler’s attackers used the loan to temporarily trick the protocol into falsely assuming it held a low amount of eToken, a collateral token issued by Euler based on whichever token is deposited o...
Ethereum Creator Vitalik Buterin Abruptly Sends 500 ETH to Little-Known DeFi Protocol
Ethereum (ETH) founder Vitalik Buterin is catching the attention of crypto sleuths after moving 500 ETH to an under-the-radar decentralized finance (DeFi) project. Blockchain security firm PeckShield ...
Web3 Innovations like GameFi, DeSci, DeFi, ReFi are Solving Real World Problems
The rise of Web3 has enabled innovation and change that extends far beyond cryptocurrency and NFT trading. With the potential to become a major force for social impact, Web3 technology is enabling blo...
CeFI V DeFi Debate and Blame Games begin amid SVB Implosion
1 The 16th largest US bank SVB collapsed on March 10, 2023. 2 The crypto and the technology industry are blaming each other for the collapse. The collapse of Silicon Valley Bank (SVB) sparked a blam...
A Latest Layer-2 Solution that Solve DeFi Token Bridge Pitfall
Decentralized finance (DeFi) token bridges are essential for interoperability between different blockchain networks. However, these token bridges can have some pitfalls such as high transaction fees, ...
Could DeFi End Retail Banks? The Rise of Decentralized Finance
DeFi and Bitcoin have disrupted the financial world, raising questions about the future of traditional retail banks. DeFi offers decentralized financial services outside of traditional banking. While ...
Fantom [FTM]: More addresses and transactions, but what about DeFi TVL
Fantom has seen increased ecosystem growth in the last month. FTM’s price, however, continues to plummet. Following the launch of its go-opera version 1.1.2-rc.5 mainnet upgrade on 6 March, blockchain...
DeFi Platform Maker DAO Takes Swift Action to Address $3.1B USDC Risk with Emergency Proposal
The crypto market has again met with another stablecoin collapse after UST as investors are rushing to withdraw their funds. Circle, the issuer of USD Coin (USDC), today announced that it faced challe...
Is USDC Another UST? DeFi Analyst Shares His Take
Vladislav Sopov Seasoned cryptocurrency researcher and educationist who goes by @DefiIgnas on Twitter is sure that USD Coin (USDC) will not collapse in TerraUSD (UST)-like manner Contents No, USD Coin...
Weird crypto quirk sees user turn $1.45 into $2 million
Amid the madness of the last 24 hours, with the USDC stablecoin depegging and fears over how much this will impact the wider crypto market, there was a peculiar trade that stood out. In it, one ...
DeFi Altcoin Defies Crypto Downtrend, Surges 51% This Week Amid Skyrocketing Trading Volume
An under-the-radar decentralized exchange (DEX) altcoin jumped by 20% on Friday, defying a nearly universal crypto market downtrend. Kwenta (KWENTA) is a derivatives DEX that offers exposure to real-w...
Rootstock integrated 7 DeFi protocols in February
Rootstock, a censorship-resistant and permissionless Bitcoin sidechain, added seven DeFi protocols, integrated new tools, and removed the BTC/rBTC two-way peg as they move closer to complete decentral...
Banks Stand as a Hindrance to DeFi; Comments Coinbase CEO
Charles Hoskinson tweeted that algorithmic stablecoins should be studied to fully realize the vision of BTC. The CEO clarified Coinbase’s announcement on the halting of USDC: USD conversion on weekend...