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...
Tag: loan
What Happens to Borrowers if The Supreme Court Quashes Biden’s Student Loan Forgiveness?
On Tuesday, the Supreme Court heard challenges to President Joe Biden’s student debt relief plan. The proposal, which would cancel between $10,000 and $20,000 in current debt for most borrowers,...
Euler Finance Suffers Flash Loan Attack, Loses Millions in Multiple Cryptocurrencies
On March 13, 2023, Euler Finance, an Ethereum-based noncustodial lending protocol, became the victim of a flash loan attack. The attacker managed to steal millions in various cryptocurrencies, includi...
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...
Flash Loan Attack Drains $180 Million From Euler Finance
The decentralized finance (DeFi) sector recorded massive losses in 2022. While many expected a different story in 2023, bad actors have continued their game of exploiting DeFi. Some days back, Hedera ...
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 Suffers $200M Exploit in Flash Loan Attack
Euler Finance, a DeFi lending and borrowing protocol has been exploited by almost $200 million in a flash loan attack. Contents lost in the attack include $8.7 million in DAI, $18.5 million in WBTC, $...
Euler Finance Suffers a Flash Loan Attack
As if the traditional banking system isn’t causing enough troubles, a DeFi lending protocol called Euler Finance was also hit by a flash-loan attack. The damage equates to almost $200 million worth of...
Euler Finance hacked for over $195M in a flash loan attack
Ethereum-based non-custodial lending protocol Eurler finance faced a flash loan attack on March 13, with the attacker managing to steal millions in DAI, USDC, staked Ether (StETH) and wrapped Bitcoin ...
Euler Finance Undergoing Flash Loan Attack
On-chain sleuths have reported that the decentralized finance (DeFi) protocol Euler Finance is undergoing an exploit. In the flash loan attack, hackers stole over $188 million from the noncustodial De...
Is SoFi’s Student Loan Pause Lawsuit Sinking its Stock Price?
SOFI Technologies Inc, (NASDAQ:SOFI) provides financial services and offers home loans, personal loans, in-school loans and a credit card. Late last week the company filed a suit in which it said “the...
Marathon Digital Pays Off Term Loan, Cuts Credit Facilities With Silvergate
Marathon Digital Holdings has announced the repayment of its term loan and the termination of its credit facilities with Silvergate Bank, resulting in a $50 million reduction of debt, according to a s...
Marathon Ends Credit Facilities with Silvergate, Prepays Loan
Marathon Digital, a leading Bitcoin miner, cuts ties with Silvergate Bank in the latest development aired on March 09. This development came at a time when Silvergate Capital Corporation (the parent c...
Marathon says it has repaid Silvergate loan, terminated credit facility
Ad Marathon Digital said that it has repaid a term loan and terminated its credit facilities with Silvergate Bank, according to a press release published on March 8. Marathon reduces debt, strengthens...
Marathon ends its credit facilities with Silvergate, prepays loan
Bitcoin miner Marathon Digital Holdings said it repaid its term loan and ended its credit facilities with liquidating Silvergate Bank, reducing its debt by $50 million. “We have been actively ...
Unlocking Your Digital Wealth: How to Secure a Home Loan Against Digital Assets
Start tracking a lender that will accept digital assets as security Finding a lender that will accept digital assets as collateral is your first step because not all lenders will. While some lenders a...
SoFi Bank sues to block Biden’s student loan payment pause
WASHINGTON (AP) — A private bank is trying to force the Biden administration to end its pause on federal student loan payments, arguing the moratorium has no legal basis and has cost the bank, known f...
One student loan forgiveness effort ‘hasn’t gotten the attention it deserves’: expert
If the Supreme Court strikes down the Biden administration’s student loan forgiveness initiative, then another relief measure the president promised last year becomes an even more important life...
Platypus Finance provides recovery estimates after flash loan attack
Ad Platypus Finance has launched a portal that will allow users to see how much compensation they are owed, according to a post from the project on Feb. 28. The DeFi platform was originally attacked o...
Supreme Court’s Conservative Majority Wary Of Biden’s Student Loan Forgiveness Plan
Topline The Supreme Court’s conservative justices questioned the legality of President Joe Biden’s student loan forgiveness program Tuesday, as the court heard arguments in two cases from plaintiffs s...
Student loan forgiveness gets its day in court: What to know
NEW YORK (AP) — The Supreme Court is meeting Tuesday to hear two cases challenging President Joe Biden’s student loan forgiveness plan. At stake: forgiveness of up to $20,000 in debt for more th...
$1B Voyager-Binance Deal Benefits Halved if Alameda Loan Claim Succeeds: Texas Regulators
“While Binance.US has affirmatively represented to its customers that it was working on getting licensed in Texas, Binance.US has never applied for a license with the SSB (State Securities Board) and,...
MakerDAO Rejects $100 Million Loan To Cogent Bank –
Join Our Telegram channel to stay up to date on breaking news coverage The MakerDAO community has turned down Cogent bank’s proposal to borrow $100 million from the platform. According to the decentra...
TikTok ban, Supreme Court student loan hearing and Tesla Investor Day top week ahead
It will be a busy week ahead for investors with some Workday, Okta, Salesforce, and Zoom reported alongside computer companies and semiconductor manufacturers report earnings. The stock market is comi...
Voyager in Legal Battle Over $445M Loan Repayments from Alameda
Bankrupt crypto lender Voyager and bankrupt crypto exchange FTX have reached an interim agreement on $445 million of disputed loan payments, according to filings from Wednesday. Alameda Research, the ...
Voyager, FTX reach agreement on $445M loan
Bankrupt crypto lender Voyager Digital agreed with FTX and its unsecured credits to hold the disputed $445 million loan payment pending a settlement or court order, according to a Feb. 22 court filing...
What Would Happen If the Supreme Court Blocks Student Loan Forgiveness?
If the Supreme Court strikes down student loan forgiveness, borrowers would have to repay debts while facing more financial pressures than before the pandemic. The court is deciding whether President...
A record number of Americans are grappling with $1,000 car payments and many drivers can’t keep pace — stay ahead by dodging these 2 loan mistakes
‘Tip of the negative equity iceberg’: A record number of Americans are grappling with $1,000 car payments and many drivers can’t keep pace — stay ahead by dodging these 2 loan mistakes With a re...
DeFi Protocol ‘Platypus’ De-pegged after Flash Loan Attack
On February 16, Platypus Finance, a decentralized finance (DeFi) application was affected by a flash loan attack. as per CertiK, a smart contract security firm. In a tweet, CertiK informed that the ha...
How to Pay Back a 401(k) Loan
If you have an established 401(k) plan and need to access your money, you can use a 401(k) loan to maintain your tax advantages. These loans can provide lower interest rates than you may find on other...
MakerDAO voting on $100M loan participation with Florida commercial bank
Crypto lending platform MakerDAO is voting on a new proposal to bring another commercial bank into its ecosystem, strengthening the connection between decentralized finance (DeFi) and traditional fina...
Platypus Protocol Loses $8.5M in Flash Loan Attack
Platypus, a decentralized finance (DeFi) protocol, was the victim of a flash loan attack worth $8.5 million. The stablecoin USP got depegged by 50% before recovering the peg. The DeFi protocol Aave de...