Midas Capital suffered a $660,000 exploit after an attacker used a flash loan exploit on a Jarvis Polygon pool. The team has released a postmortem explaining what happened. DeFi lending and borrowing ...
Tag: Midas
Midas capital sees fishy flash loan activity
Blockchain security watch firm Certik Alert has revealed a cynical attack on Midas Capital. The firm added that the exploiter (0x1863…) gained 663,101 MATIC, worth $660,000 at the time of writing. Mi...
Midas Loses Golden Touch, Shuts Shop
Crypto investment firm Midas is shutting down its DeFi platform after suffering irrevocable losses in the Terra, Celsius, and FTX crashes. $63M Deficit Forces Midas Shutdown In the aftermath of the h...
The FTX Contagion Goes on: Midas Investments Closes Down
The cryptocurrency platform Midas Investments disabled deposits and swaps due to severe financial losses caused by Celsius’ bankruptcy and FTX’s fiasco. CEO Iakov Levin said the organization will aim ...
FTX and Celsius contagions force Midas Investments shut down
Midas Investments announced the closure of its DeFi solution as the FTX and Celsius contagions and other devastating events so far in 2022 made it impossible to continue normal operations. Midas Inves...
Midas shutting down its platform: Might come up with CeDeFi soon.
Midas is closing its platform, and users can withdraw their funds or swap tokens on the new platform. Platform experienced 60% AUM withdrawal amid the slow crypto market. CeDeFi would combine the ea...
FTX Bankruptcy Sees Midas Investments Announce Closure
On Tuesday, Midas Investments announced its sudden closure in a blog by its CEO Iakov “Trevor” Levin. As a result of significant losses in 2022, the platform that focused on DeFi yields is closing its...
Midas investments to cease operations after a $63M loss
Midas Investments becomes the latest victim to succumb to liquidity pressure caused by the 2022 bear market. The platform, established in 2018, provided passive income streams to cryptocurrency invest...
Midas Investments close down amid $63M DeFi portfolio deficit
Custodial CeDeFi investment platform Midas will close down its operations because of a $63.3 million deficit in its decentralized finance (DeFi) portfolio. In an announcement, the company’s founder a...
Midas reveals $60M deficit, announces closure of operations
Crypto platform Midas Investment will shut operations because of the significant losses it incurred in 2022, according to a Dec. 27 statement. CEO Iakov “Trevor” Levin said the Midas DeFi Portfolio lo...
BTC To See Correction Below $10K, Predicts Founder Of Midas
Bitcoin (BTC) hasn’t been in its best state lately, falling from a high of over $69,000 to the current price of around $19,174. While the coin has lost over 71% of its value since November 2021, some ...
Midas Investments releases new CeDeFi strategy
Over the last quarter, the underlying risks of CeFi have become evident to the global crypto community. While the accessibility, fixed interests, and cross-chain services of CeFi are unmatched by DeFi...
Midas Releases 3 CeDeFi Investment Strategies, Creates New Opportunities In The Bear Market
– Advertisement – On August 10, 2022, Midas.Investments, a custodial CeDeFi platform, released three new investment strategies. The platform merges diverse approaches to digital asset mana...
Midas Investments Strikes A Balance With “CeDeFi”
Midas Investments, an innovative crypto staking and investment platform, features built-in, automated tools and techniques that eliminate the need for investors to understand the nuances of the unpred...
Midas Investments Pioneering CeDeFi Solutions in the Crypto Ecosystem
An Overview of Midas.Investments and the Evolution of CeDeFi. Midas.Investments, a revolutionary investment platform that inserts itself at the intersection of centralized and decentralized finance, i...
How MIDA’s Token Economy is Set to Rejuvenate the Art Market
It’s no secret that art museums have seen better days. As far back as 2001, attendance at U.S. museums was already in stagnation, and the trend has only continued to deteriorate in the years since. In...