Tag: DeFi

DeFi was the most attacked ecosystem in 2022: Finance Redefined

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Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights โ€” a newsletter crafted to bring you significant developments over the last week. The DeFi ecosystem started 2023 on a bullish note, similar to the broader cryptocurrency market. However, the bullish start to the year didnโ€™t diminish the damage caused by vulnerabilities and attacks in 2022. A new research report has highlighted that DeFi was the most vulnerable crypto ecosystem, at the receiving end of 113 exploits out of the total 167. On top of that, blockchain…

Smart Contract Platform Tokens See Double-Digit Gains, Boosting Defi TVL Above $40 Billion โ€“ Defi Bitcoin News

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Decentralized finance (defi) and smart contract platform tokens rallied on Monday morning (ET) and the total value locked in defi jumped above the $40 billion zone for the first time since mid-December 2022. The top smart contract platform coins by market capitalization increased 7.1% on January 9, 2023, and most have seen double-digit gains over the last week. Lido Finance Emerges as Most Dominant Defi Protocol, Surpassing Makerdao in TVL Size Cryptocurrency markets have been positive at the start of the second week of 2023, as the entire crypto economy…

Why DeFi should expect more hacks this year: Blockchain security execs

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Decentralized finance (DeFi) investors should buckle themselves up for another big year of exploits and attacks as new projects enter the market and hackers become more sophisticated. Executives from blockchain security and auditing firms HashEx, Beosin and Apostro were interviewed for Drofaโ€™s An Overview of DeFi Security In 2022 report shared exclusively with Cointelegraph. The executives were asked about the reason behind a significant increase in DeFi hacks last year, and were asked whether this will continue through 2023. Tommy Deng, managing director of blockchain security firm Beosin, said while…

Bitcoin Mining & Renewable Energy w/ Will Szamosszegi, CEO of Sazmining | Blockchain Interviews

โ–ถ Coinbase Website: Coinbase.com โ–ถ CEX Website: cex.io Ashton Addison speaks with Will Szamosszegi, CEO of Sazmining, on their mining operations, owning your own units hosted at their facility, the renewable energy innovations powering their mining operation, and Bitcoin mining profitability outlook mid to long term Learn more: The interview is available on Reuters Insider/Refinitiv TV: & Investment Pitch Media: ๐Ÿ””JOIN OUR FREE NEWSLETTER๐Ÿ””: Bitcoin Trading at ByBit Exchange: 10% off the Best Crypto Portfolio Tracker: Get Buy and Sell Signal Indicators built into your charts!: BINANCE: SECURE YOUR ASSETS:…

December DeFi exploits were the lowest in 2022: Finance Redefined

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Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights โ€” a newsletter crafted to bring you significant developments over the last week. The end of 2022 saw the least value of stolen funds from DeFi, with $62 million worth of exploits in December. While the figure might seem a relief given the multiple bridge hacks and hundreds of millions of dollars stolen this year, cybersecurity experts have warned that the ecosystem would see no decrease in exploits, flash loans or exit scams in 2023. Lido protocol…

DeFi security losses rose 47.4% in 2022 to hit $3.64B: Report

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According to a Jan. 5 report published by Chinese blockchain security firm LianAn Technology, decentralized finance (DeFi) exploits across blockchains worldwide totaled $3.64 billion in 2022. This represented a rise of 47.4% compared with the loss of $2.44 billion in 2021. The incidents increased in quantity despite a steep 80% loss in the total value locked in DeFi during the year.ย  DeFi losses by quarter in 2022. Source: LianAn Technology; Footprint Analytics Out of the 2022 amount, funds lost during cross-chain bridge hacks amounted to $1.89 billion across 12 incidents…