April 29th, 2025
DeFi News - Page 2
Trading Platform Thunder Terminal Faces $240K Exploit, Says Funds Are SAFU
By Bhushan Akolkar
December 27th, 2023
Thunder Terminal successfully thwarted a $240,000 exploit targeting 114 wallets, ensuring user funds’ security. The incident involved an attacker gaining access to a MongoDB connection URL, executing withdrawals on behalf of users.
Crypto Wallet Ledger Loses $484K in Fresh Hack, Users May Still Be at Risk
By Mayowa Adebajo
December 15th, 2023
Ledger claims that the funds were drained in less than two hours, after which it came on top of the situation.
Infura Network Partners with Microsoft and Other Top Tech Firms to Create Decentralized Web3 Infrastructure
By Mayowa Adebajo
November 16th, 2023
Andrew Breslin clarified that the idea was more about the numbers than the big-name firms that it appears Infura had targetted.
Chainlink Announces v0.2 LINK Staking
By Mayowa Adebajo
November 10th, 2023
By deploying the LINK staking v0.2, Chainlink shows its commitment to blockchain initiatives that drive user engagement.
Binance Labs Supports Curve Finance with $5M Investment to Aid Recovery from Recent Hack
By Chimamanda U. Martha
August 11th, 2023
The injection of $5 million from Binance Labs transcends a simple financial transaction; it represents a collaborative effort focused on strengthening Curve’s security infrastructure and aiding the protocol in recovering its stability.
Cypher Protocol Halts Smart Contract Following $1M Exploit
By Godfrey Benjamin
August 8th, 2023
Following the attack, the Cypher Protocol team highlighted that an internal investigation had been launched to determine the root cause of the exploit.
Curve Finance Offers Generous Bug Bounty to Expose Its Exploiter
By Godfrey Benjamin
August 7th, 2023
Curve Finance fell victim to a reentrancy bug exploit in late July. The incident not only rattled the DeFi community but also exposed the platform to significant risks.
Ethereum Celebrates 8th Anniversary with Impressive Feat
By Chimamanda U. Martha
July 31st, 2023
Ethereum has achieved a significant feat of $400 billion in secured value, generating annualized profits of $3.6 billion and a total of 17.8 million blocks of digital assets.
CoinMarketCap Releases Its H1 2023 Report on Crypto Market
By Godfrey Benjamin
July 19th, 2023
According to the CoinMarketCap report, the global crypto market demonstrated continued growth in the second quarter of the year, with the total market capitalization reaching $1.17 trillion.
Sturdy Finance Hit in Fresh Exploit, Loses Over $800,000
By Mayowa Adebajo
June 12th, 2023
DeFi hacks have gone through the roof in recent times and many will argue that the DeFi ecosystem has proven time and again that it is indeed an exploiter’s paradise.
Jimbos Protocol Suffers $7.5M Loss in New Hack as Token Plummets 26%
By Mayowa Adebajo
May 29th, 2023
The incident comes barely three days after Jimbos Protocol launched its version 2.
European Lawmakers to Review Smart Contract Laws that Threaten to Kill DeFi
By Bhushan Akolkar
May 8th, 2023
Three top European regulators will get together to discuss the implications of the Data Act and provide more clarity with the goal of not stifling DeFi innovation.
French Central Bank Puts Its Suggestions for DeFi Regulation
By Bhushan Akolkar
April 12th, 2023
The French central bank seeks to address the regulations for DeFi and stablecoins which go unattended in the pan-European MiCA regulations.
Euler Finance Hacker Turns In $31M as Recovery Efforts Come to Close
By Mayowa Adebajo
April 4th, 2023
The decentralized lending platform was exploited in a March 13 flash loan attack, causing it to lose $197 million worth of crypto assets.
Collective Finance to Launch Its Public Tokens Sale on Binance Smart Chain
By Godfrey Benjamin
March 17th, 2023
Participation in the Public sale is through the Collective Finance DApp and by navigating to the Presale Tab.