Crypto lender Babel Finance halts withdrawals due to liquidity pressures

Hong Kong-based asset manager Babel Finance is the latest cryptocurrency lending firm experiencing some serious issues amid the ongoing market downturn. Babel Finance officially announced June 17 a temporary suspension of redemptions and withdrawals from its products, citing “unusual liquidity pressures.” “Recently, the crypto market has seen major fluctuations, and some institutions in the industry have experienced conductive risk events,” the statement on Babel Finance’s website reads. The firm said that it’s in close communication with “all related parties” on the matter and is doing its best in order to…

Bitcoin & Ethereum Ready To EXPLODE! Spotify Gets Into Cryptocurrency! (Apecoin, Solana, Cardano)

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Inverse Finance exploited again for $1.2M in flashloan oracle attack

No user funds have been affected by the exploit, but Inverse Finance has incurred a debt and offered the attacker a bounty to return the stolen funds. Just two months after losing $15.6 million in a price oracle manipulation exploit, Inverse Finance has again been hit with a flashloan exploit that saw the attackers make off with $1.26 million in Tether (USDT) and Wrapped Bitcoin (WBTC). Inverse Finance is an Ethereum based decentralized finance (DeFi) protocol and a flashloan is a type of crypto loan that is usually borrowed and…

DeFi Protocol Inverse Finance Exploited for $1.2M

Blockchain data apparently shows the exploiters flash borrowed over 27,000 wrapped bitcoin from lending protocol Aave to conduct the attack. The funds were routed through swap service Curve for various stablecoins before being used to remove DOLA, a stablecoin, from Inverse Finance pools. Source

Ethereum Outlook

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ทำความรู้จัก Blockchain wallet และวิธีใช้งาน | SirapopLive

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VENT Finance Expands Crowdfunding Access With WingRiders General Pool Sale

WingRiders’ native $WRT token is up for grabs in what will be the first General Pool Sale on the VENT Finance launchpad. The GPS sale is designed to reduce the barrier to entry and encourage more investors to participate in the WingRiders project, which is looking to establish itself as a top decentralized exchange on the Cardano blockchain. WingRiders is an automated market maker-based DEX on Cardano that utilizes a unique extended unspent transaction model that’s said to provide a more reliable and versatile environment for executing multiple transactions, with…

​​72% of Institutions Ready To Buy Crypto! MASSIVE ALTCOIN NEWS YOU NEED TO KNOW! Ethereum News

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