Alameda Research, the crypto hedge fund at the center of Sam Bankman-Fried’s and FTX’s downfall, had a “secret exemption” from the crypto exchange’s liquidation procedures, according to bankruptcy fil...
Tag: protocols
USM.World partners with Magpie XYZ & boosts veTokenomics protocols
USM.World is pleased and, with great excitement, made their official announcement of having joined hands in the form of a mutually beneficial partnership with Magpie XYZ. USM.World, by the way, happen...
Are custody services a threat to DeFi protocols?
Decentralization is part of the cryptocurrency industry’s core, with various protocols trying over time to achieve the level of decentralization that Bitcoin (BTC) managed to get as it grew organicall...
SKYWARD Token Dumps 95% as Hackers Drain Protocol’s Treasury
SKYWARD, the native token of NEAR-based platform Skyward Finance, plunged by 95% after the protocol’s treasury lost $3 million in a smart contract exploit. The attack occurred in the late hours of Wed...
Why Do Solana DeFi Protocols Keep Getting Exploited?
Key Takeaways Solend, another Solana DeFi protocol, has been exploited through a price oracle attack for $1.26 million. The attack follows last month’s Mango Markets exploit that saw $100 millio...
Origin Protocol’s Roofstock OnChain launches NFT Real Estate
Origin Protocol completed the development of their NFT marketplace for Roofstock OnChain, which they launched. However, this is created to make it possible to exchange real-time properties in the meta...
Sam Bankman-Fried proposes standard for sanctions, licensing for DeFi protocols
FTX CEO Sam Bankman-Fried (SBF) said while the crypto industry needs to remain an open economy where peer-to-peer transfers and codes are free, regulatory oversight is crucial for sustainable innovati...
VC-Backed Blockchain Project Aptos Reveals Protocol’s ‘Mainnet Has Arrived’ – Blockchain Bitcoin News
A new layer one blockchain network called Aptos announced the launch of its mainnet on Monday, following a slew of capital injections from a number of venture capital (VC) firms. The blockchain protoc...
Crypto Trader Admits Involvement in Solana-Based DeFi Protocol’s Recent $100,000,000 Loss
A crypto trader has stepped into the spotlight in an effort to clear the air on how Mango Markets, a Solana-based decentralized finance (DeFi) trading platform, recently lost $100 million. Avraham Eis...
DeFi Protocols Lost $718 Million in 15 Days
4 hours ago | 2 mins read Defi News The total losses in 2022 may exceed the total losses in 2021, which totaled more than $3.2 billion. On Tuesday, Solana’s popular Mango Markets trading protocol lost...
DeFi protocols and their hackers
Welcome to the 89th Weekend Shift! What’s the deal? Over the weekend, we’ll update this post with some of the most interesting articles, podcasts, charts, and opinion pieces we’re too busy to write ab...
ETH Layer 2 protocols Arbitrum and Optimism carries on to receive traction
Arbitrum and Optimism have witnessed constant growth. Arbitrum has about 50% market share, while Optimism possesses 30%. Arbitrum and Optimism, optimistic rollup protocols based on Ethereum, have witn...
Ethereum Layer 2 Protocols Witnessing Increase in Transaction –
Ethereum News Arbitrum and Optimism set new all-time highs on transactions in September. Ethereum (ETH) decreased by over 20% in the previous month. The Layer 2 Ethereum-based protocols Arbitrum and O...
Mango Markets On Solana Exploited For $100 Million, Forget Lending Protocols To Park Wealth And Consider Uniglo.io
Join Our Telegram channel to stay up to date on breaking news coverage The lending protocol ‘Mango Markets’ on Solana faced an exploit that drained $100M out of the protocol – another blow for DeFi th...
Samsung Announces Use of Blockchain To Upgrade Security Protocols
7 hours ago | 2 mins read Blockchain News This isn’t limited to only smartphones, but also smart TVs and even air conditioners. This new security update is meant to prevent credential-stuffing attacks...
October becomes worst month in DeFi history as hackers steal $718M across 11 protocols
DeFi protocols have lost roughly $718 million across 11 projects so far in October alone — a new monthly record with more than 15 days remaining, according to Chainalysis data. With about $3 billion l...
Ocean Protocol’s veTokenomics Kickstart a Decentralized Data Economy and Data Finance
The exchange and monetization of data is a valuable yet unknown opportunity in Web 3.0, as blockchain technology can solve challenges related to the secure access of datasets. Ocean Protocol’s ecosyst...
Here’s how three DeFi protocols lost $115M in one day
Three DeFi protocols were hacked and drained of $115 million yesterday, marking one of the most devastating 24-hour periods in DeFi’s recent history. Mango Markets, Stax, and Rabby Swap were relieved ...
Lido Finance L2 protocols are in high spirits, but what about LDO
The Lido Finance [LDO] liquidity pool activity over the last seven days showed that Layer-two (L2) protocols have been outperforming others on the chain. According to the liquid-staking platform, both...
Band Protocol’s VRF Now Open for Testing by Web3 Projects – crypto.news
Band Protocol ($BAND) has announced that Web3 and dApp projects on the BNB Chain, Ethereum, Polygon and other blockchains can now integrate its tamper-proof Verifiable Random Function (VRF). Band VRF...
Band Protocol’s VRF Now Available on Cronos Testnet – crypto.news
Cronos announces the availability of Band Protocol’s Verifiable Random Function (VRF) on its testnet. Cronos will enrich its blockchain ecosystem with a new fundamental band service. VRF Available on...
Curve Finance: Impact of MakerDAO’s Endgame Plan on DeFi Protocols
MakerDAO co-founder Rune Christensen’s “bold” decision may backfire due to several technicalities. One such concern is raised in a report highlighting the impact of Christensen’s ‘Endgame Plan’ on def...
Applauding Cross-chain Developers for Pioneering New Protocols to Propel Crypto Forward
In crypto’s early years, isolated blockchains competed with one another. For example, Bitcoin, Litecoin, and Monero vied to become the one chain that would rule them all. As cryptocurrencies evolved, ...
Vitalik Buterin shares his ‘visions’ of the use of layer-3 protocols
Layer 3s would introduce customizable functionality the use of Layer 3s in the future The co-founder of Ethereum, Vitalik Buterin, elaborated on the benefits of employing Layer 3 protocols on Ethereum...
Ethereum Layer 3 Protocols Might Be A Thing, Here’s What To Expect
With the completion of the Ethereum Merge, founder Vitalik Buterin has turned his attention to other things that could help improve the network. Ethereum Layer 2 protocols had been big business back i...
Ethereum co-founder Vitalik Buterin shares vision for layer-3 protocols
While Ethereum-based layer-2 solutions have been focused on hyperscaling the network, Ethereum co-founder Vitalik Buterin believes layer 3s will serve a far different purpose — providing “customized f...
Top 8 lending protocols in 2022
Disclaimer: The information shared is for educational purposes only. While AMBCrypto might be compensated for any links shared herein, that does not affect our writer’s evaluations’ in any way. The cr...
Hacker Lost 5 Ether On Near Protocol’s Rainbow Bridge
The Crypto Bridges Crypto bridges have grown to be a popular target for bad actors. Not all malevolent attackers, meanwhile, manage to escape with millions of dollars worth of digital assets. Some peo...
USM.World Partners With BNBChain and 10 Other DeFi Protocols
Creating a Web3.0 where control, security, wealth, and information are once more in the hands of the communities, and the individuals are dependent on working with top standards. The anonymity, decent...
Google’s $4B Fine May Threaten Web3 Protocols, Legal Expert Says
“Should a Web3 company develop an operating system, platform or aggregator, the Android ruling holds that pre-installing apps is likely illegal,” Schrepel, an associate professor of law at Amsterdam L...