Multichain decentralized finance (DeFi) platform Kyber said it removed the attack vector used in an exploit that saw $265,000 stolen on Sept. 1. Source
DeFi Platform Kyber Says It Removed Attack Vector, Compensated Affected Wallet
Tag: DeFi
DeFi Giant Aave Stops Loaning Ether Ahead of Ethereum Merge
The Aave community is worried that users may increasingly borrow ether ahead of the Merge, exposing the protocol to liquidity issues and injecting volatility into Lido’s staked ether market. Source
Saylor gets sued, FBI warns about DeFi exploits, and Crypto.com drops $495M sponsorship: Hodler’s Digest, Aug. 28
Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week DC Attorney General sues Michael Saylor and MicroStrategy for tax evasion MicroStrategy co-founder Michael Saylor faces charges of evading United States income taxes he allegedly incurred while living in Washington, DC. The office of the region’s attorney general, Karl Racine, has sued Saylor and…
BitBoy Lawsuit | Ethereum Merge Updates | Biden Cancels Debt | Tornado Cash Fallout | Pudgy Penguins
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io 4th Week of August, 2022 —— 📣 Chainlink | Register for SmartCon 2022 with promo code “BANKLESS” —— 🚀 SUBSCRIBE TO NEWSLETTER: 🎙️ SUBSCRIBE TO PODCAST: —— BANKLESS SPONSOR TOOLS: 🌱 LENS | WEB3 SOCIAL PROTOCOL 🚀 ROCKET POOL | ETH STAKING ⚖️ ARBITRUM | SCALING ETHEREUM 🦁 BRAVE | THE BROWSER NATIVE WALLET 🌉 JUNO | BRIDGE FIAT TO LAYER 2 ⚡️ ZKSYNC | THE LAYER 2 SCALING ENDGAME —– Timestamps: 0:00 Intro 1:53 UFO Sightings 5:20 Actual Intro 7:50 MARKETS…
Top 6 Altcoins Set to Explode EOY 2022 | Best Cryptocurrency Investments (RIGHT NOW)
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io The Best Altcoins in Cryptocurrency TODAY are _______. [Watch The Whole Video] ** Not Financial Advice!!! DYOR/MYOD Hit Like, Share, and Subscribe for more daily cryptocurrency news Altcoin Daily, the best cryptocurrency news media online! Follow us on Twitter: Timestamps: 0:00 – Introduction (Watch the WHOLE Video) 0:45 – Coin #1 3:30 – Coin #2 6:09 – Coin #3 7:09 – Coin #4 8:10 – Coin #5 10:10 – Coin #6 11:01 – Bitcoin dominance is low even in a bear market……
Les mensonges des CRYPTO et de la blockchain
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Je déconstruis la propagande des crypto et de la blockchain en une heure. 🔥 Mon Challenge Privé pour faire 20 % /an en bourse : ► Une action complètement GRATUITE (jusqu’à 200 €) sur Trade Republic : ► Une seconde action complètement GRATUITE (jusqu’à 100 €) sur Trading212 avec le code 212SBK : ► Bricks : Investissement immo à partir de 10 € (+1% bonus) : ► Mon outil GRATUIT de suivi de mes investissements : ► Ma chaine secondaire : ►…
DeFi Platform Kyber Network Discloses $265K Exploit of KyberSwap, Vows to Reimburse All Funds
Two “whale” addresses appeared to be impacted by the attack, according to Kyber, which plans to reimburse the losses. Kyber said it discovered the exploit, which let attackers insert a “false approval, allowing a hacker to transfer a user’s funds to his address,” on Sept. 1 and “neutralized” the threat within two hours. Source
DeFi can take a hint from traditional finance to lower risks, says ex-Morgan Stanley exec
The decentralized finance (DeFi) ecosystem scored another win against traditional finance, often called TradFi, with a former Morgan Stanley executive launching a DeFi protocol. Kevin Lepsoe, the former head of structuring for Morgan Stanley, aims to deliver an institutional fixed income scheme that offers fixed and floating rates with his new project named Infinity Exchange. According to Lepsoe, his new project will allow DeFi traders to “implement arbitrage, pull liquidity from other protocols and hedge their futures rates basis risk positions.” The DeFi market is known for its volatility and,…
DeFi protocol shuts down months after the Rari Fuse hack
Decentralized finance (DeFi) protocol Babylon Finance has finally announced that it will shut down after months of trying to recover from the negative momentum that the Rari Fuse exploit caused. In a statement, founder Ramon Recuero explained that the platform experienced an insurmountable negative streak despite their team’s efforts to endure the domino effect caused by the hack. According to Recuero, the protocol lost $3.4 million in the hack. Following this, the total value locked within the platform went from $30 million to $4 million. To make matters worse, the Fuse…
Crypto winter? DeFi, Metaverse, and NFT job market still hot — Recruiters
The ongoing crypto winter has seen budgets and jobs slashed, but the search for top-tier talent hasn’t stopped across several Web3 verticals, according to some crypto recruitment firms. Speaking to Cointelegraph, Kevin Gibson, founder of crypto recruiting firm Proof of Search said that the majority of staff cuts in the crypto market have been from centralized exchanges, most notably the 18% staff cut at Coinbase in June, 10% cuts at Gemini in July, and the 5% cut at Crypto.com. Despite this, he said there is “still a great deal of demand”…