Solana DeFi Protocol Crema Loses $8.8M in Exploit

The attacker started by creating a fake tick account. A tick account is “a dedicated account that stores price tick data in CLMM,” the developers said, referring to Crema’s market making protocol. After that, the attacker exploited a command by writing the data on the fake account and circumventing security measures. Source

Blockchain Security Firm CertiK Confirms $88M Raise at $2B Valuation

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase…

Blockchain Security Firm CertiK Just Raised $88M, SEC Docs Show

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase…

Paradigm Invests $8.8M in DeFi’s Ribbon Finance

“[Ribbon] is a simple way for users to earn high yield on bitcoin, ether and USDC,” co-founder and CEO Julian Koh told CoinDesk in an interview. “We help users create exposure to expert, complicated financial strategies under the hood, but we make that experience really easy for users.” Source

Crypto Fund Inflows Slow to $88M as Market Retreats

Digital asset investment products saw inflows drop 52% last week to $88 million, as crypto markets saw a downturn. The inflows into crypto funds during the week ended Dec. 10 compared with $184 million the prior week, according to a report Monday by CoinShares. Funds focused on bitcoin, the largest cryptocurrency, accounted for the bulk of the week’s inflows, at $52 million. The prior week, bitcoin-focused funds saw $145 million of inflows. Bitcoin is down 26% in the past 30 days, suggesting investors continue to see the price weakness as…