Defi Financial News

03.01 / 06:33

Blockchain defi Hackers Scams exit No 'respite' for exploits, flash loans or exit scams in 2023: Cybersecurity firm

The new year is a fresh start for malicious actors in the crypto space and 2023 won’t likely see a slowdown in scams, exploits and hacks, according to CertiK.

02.01 / 23:01

defi Investments Trading Tokens Defying expectations: After an uncertain year, DeFi has high hopes for 2023

Decentralized finance (DeFi) is defined as any product or service offered by the Web3 world that helps users conduct financial activities such as payments, borrowing, lending, investing, trading and staking.

02.01 / 09:13

defi Hackers hacks Scams $62M crypto stolen in Dec was the ‘lowest monthly figure’ in 2022: CertiK

Cryptocurrency hackers and exploiters seemingly slowed down for the 2022 holidays as December saw $62.2 million worth of cryptocurrencies stolen, the “lowest monthly figure” of the year according to CertiK.

31.12 / 22:55

defi Gaming Blockchain Game play 2023 will see the death of play-to-earn gaming

Play-to-earn gaming enabled by blockchain technology has grown exponentially over the few years.

31.12 / 01:03

Ethereum defi solana Ethereum founder says he hopes Solana gets a 'chance to thrive'

Ethereum founder Vitalik Buterin showed sympathy for competitor Solana (SOL) in a Dec. 30 tweet. He said that “smart people” tell him that Solana has “an earnest smart developer community,” and suggested that the opportunists who were involved with the project in the past have been “washed out.”

30.12 / 23:51

defi Hackers hacks Scams exit week DeFi sees exploits and exit scam drama in the last week of 2022: Finance Redefined

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week.

30.12 / 01:29

Stablecoin defi Vader will shut down stablecoin USDV, cannot find a 'breakthrough'

The app that produces stablecoin Vader Protocol US Dollar (USDV) will be shut down, according to a Dec. 29 announcement from its developers.

28.12 / 15:03

business Stablecoin defi 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.

28.12 / 07:21

defi Hackers hacks Scams Rug Pull Defrost Finance breaks silence on ‘exit scam’ accusations, denies rug pull

Defrost Finance, the decentralized trading platform that suffered a $12 million exploit leading up to Christmas, has denied allegations that it had “rugged” its users as part of an elaborate “exit scam.”

27.12 / 10:29

defi Hackers hacks Here's how Defrost Finance plans to refund users following $12M hack

After recovering the funds lost in a recent flash loan exploit, decentralized leverage-trading platform Defrost Finance is planning to return the funds to their rightful owners, according to a new announcement.

26.12 / 17:41

Blockchain defi hacks exit Defrost Finance offers 20% payment to hackers as CertiK claims project is an 'Exit Scam'

On Dec. 26, blockchain security firm CertiK issued a warning alleging that Defrost Finance, a decentralized leveraged trading platform on the Avalanche Blockchain, is an "Exit Scam." In supporting the decision, CertiK wrote:

26.12 / 11:21

Blockchain defi Hackers hacks Exploit Hackers drain $8M in assets from Bitkeep wallets in latest DeFi exploit

While many are still enjoying the holiday season, hackers are hard at work, draining around $8 million in an ongoing BitKeep wallet exploit.

24.12 / 00:33

Blockchain defi Chain Bridge attacks will still pose a major challenge for DeFi in 2023: Security experts

Security has been a critical challenge for decentralized finance (DeFi) and its evolution. Between 2020 and 2022, hackers stole over $2.5 billion through vulnerabilities on cross-chain bridges, Token Terminal data shows. Compared to other security breaches, this is a substantial amount.

23.12 / 23:33

defi Hackers hacks Web3 Projects Web3 projects would rather get hacked than pay bounty: Finance Redefined

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week.

22.12 / 17:53

Blockchain Technology defi BUG Bug Bounty Immunefi says it has facilitated $66M in bug bounty payouts to whitehats since inception

According to a new report released on Dec. 21, blockchain security firm Immunefi said that it has processed more than $65,918,994 crypto bounties paid to ethical hackers over 1,248 reports since its inception on Dec. 9, 2020. Web 3.0 projects list bounty programs on ImmuneFi to encourage whitehat hackers to report vulnerabilities and claim monetary rewards, which the company then facilitates.

22.12 / 17:32

UPS defi Luna New Report Shows DeFi Outperforming Traditional Finance in Market Conditions

Decentralized finance (DeFi) still demonstrates greater potential than the traditional financial industry, despite recent setbacks, a new report has found.

22.12 / 00:17

defi Hackers hacks compensation Raydium announces details of hack, proposes compensation for victims

The team behind the Raydium decentralized exchange (DEX) has announced details as to how the hack of Dec. 16 occurred and offered a proposal to compensate victims.

21.12 / 21:49

defi Hackers hacks Exploit Ankr says ex-employee caused $5M exploit, vows to improve security

A $5 million hack of Ankr protocol on Dec. 1 was caused by a former team member, according to a Dec. 20 announcement from the Ankr team.

21.12 / 16:15

business defi exchanges Pantera CEO on the FTX collapse: Blockchain didn’t fail

With the FTX exchange being highlighted all over the world of finance, trust in the crypto space seems to dwindle. However, Pantera Capital CEO Dan Morehead believes that there are two areas in crypto that truly work.

21.12 / 15:31

Adoption defi Report DApp DeFi, NFT, blockchain games: Key takeaways from DappRadar's 2022 review

2022 will go down as a challenging year for the cryptocurrency and blockchain space, but the adversity faced has been strewn with plenty of positives for the decentralized application (Dapp) ecosystem.

21.12 / 00:29

Blockchain defi Trading Uniswap to allow users to buy cryptocurrency using debit and credit cards

Decentralized exchange Uniswap has partnered with fintech company Moonpay to allow users to buy cryptocurrency on its web app using debit cards, credit cards, and bank transfers. The bank transfer option is being rolled out for users within most U.S. states, Brazil, the United Kingdom and Single European Payments Arena, also known as SEPA.

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