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Belt Finance loses millions in latest BSC-based DeFi exploit
31.5.2021
Another day, another BSC DeFi protocol gets hacked
BSC Defi Protocol Burgerswap Loses $7.2 Million from a Flash Loan Attack
29.5.2021
Another Binance Smart Chain project has been hit with a flash loan attack according to a post mortem written by the Burgerswap team. The project’s official Twitter account said at around 3 a.m. on Friday, Burgerswap suffered from a flash loan attack with the hackers stealing $7.2 million...
Another Two Binance Smart Chain Projects Suffer Flash Loan Attacks
28.5.2021
Source: Instagram, Binance
And yet another two projects on Binance Smart Chain (BSC) suffered incidents, in the form of more flash loan attacks - and this time it's Burger Swap (BURGER) and JulSwap (JULD).
BSC, ran by the crypto exchange giant Binance, may be getting more popular among...
Flash Loan Attacks Drain 2 Binance Smart Chain Defi Projects for $6 Million
25.5.2021
There have been two back-to-back flash loan attacks in a short period of time stemming from two unique Binance Smart Chain decentralized finance (defi) projects. Last Wednesday, the yield-farming platform Pancakebunny lost close to $3 million in a flash loan attack according to reports....
ICO fraudster pleads guilty to $7m Covid-relief loan scam
21.4.2021
An ICO fraudster spent more than $7 million in fraudulently obtained covid relief on luxury personal expenses, including a Rolex, a luxury apartment, and a new Mercedes
Shark Tank’s Barbara Corcoran Advocates Getting Rich by Investing in Real Estate, Not Cryptocurrencies
17.4.2021
Shark Tank star Barbara Corcoran, the entrepreneur who turned a $1,000 loan into a billion-dollar real estate empire, says she will get rich by investing in real estate, not cryptocurrencies. The American investor takes every extra dime she has and puts it in real estate, emphasizing that she will...
Canadian Company Mogo Offers Bitcoin Rewards for Clients Engaging in a New Mortgage or Refinancing
31.3.2021
On Monday, the publicly-listed Canadian company Mogo announced the firm is extending the bitcoin rewards program applied to the firm’s prepaid Visa card to the operation’s Mogomortgage product. Mogo members leveraging the Mogomortgage platform can earn up to $3,100 in bitcoin if they...
The Flash Mint is here: WETH10 turbocharges the flash loan concept
5.3.2021
The newest Wrapped Ether has an extensive list of improvements, including the anticipated flash mint feature
What Is a Flash Loan?
17.2.2021
A guide to one of DeFi's most innovative and controversial features
Cream Iron Bank Flash Loan Attack: Markets Re-Enabled While Asset Borrow Is Paused
16.2.2021
Following the Cream Iron Bank flash loan attack, preliminary findings of a probe have shown that contracts and markets still function normally. As a result, markets have now been re-enabled while the asset borrowing function has been paused. The Cream team also reveals that investigations...
DeFi Protocols Cream Finance, Alpha Exploited, $37.5M Lost: ‘Prime Suspect’ ID’d
13.2.2021
Alpha Finance says the "loophole" has been patched
Bitfinex Says It Repaid Tether for $550M Loan at Center of NYAG Probe
5.2.2021
Bitfinex says early Friday it repaid fully of the loan to Tether
Amid ongoing legal proceedings, Bitfinex announces Tether loan repayment
5.2.2021
A half-billion dollar loan has been closed out, but multiple court cases grind on
Pioneering Aussie engineer refinances home loan using DeFi in a single day
3.2.2021
After hitting a wall with banks, a borrower has turned to DeFi to pay off his mortgage
Ditto Promotes Accessible Finance for Streaming Artists with the Launch of Defi Platform
2.2.2021
Global music distribution service Ditto has unveiled the latest addition to its service lineup for musicians with a blockchain-based financing platform named Opulous. Opulous Peer-to-Peer Lending Platform Serves as a Loan Pool Designed to Help Artists Ditto continues its efforts to improve...
CEX.IO LOAN Experiences Massive Institutional Demand With Over $100 Million of Loan Requests
1.2.2021
PRESS RELEASE. Crypto-backed lending service CEX.IO LOAN that launched in October 2020 in select global jurisdictions, has been experiencing major demand, receiving over $100 million worth of loan requests to date. While the service has been widely popular among retail investors, most of...
Hut 8 Completes $11.8M Financing for New Bitcoin Mining Machines
22.1.2021
The new machines will add 475 PH/s to Hut 8's hash power
Origin Protocol begins accepting compensation claims following $7M exploit
20.1.2021
Co-founder Josh Fraser said he hopes the compensation plan will help build trust among users as the project moves forward
Bitfinex Executives Deny Allegations of Issuing USDT to Pump BTC – “Tether Backed by Cash Assets and a Loan”
13.1.2021
Bitfinex general counsel Stuart Hoegner has dismissed the notion that only 74% of the tether stablecoin in circulation is fully backed. Hoegner insists the stablecoin is fully backed by assets that include cash, cash equivalents as well as bitcoin. However, both Hoegner and the company’s...
Babel Finance Is Letting Crypto Mining Firms Use Machines as Loan Collateral
12.1.2021
A clever way for bitcoin miners to get better loan terms