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Aave’s GHO Stablecoin Grapples With Dollar Peg Stability: Liquidity Fixes on the Horizon
4.11.2023
The decentralized finance (defi) protocol Aave’s stablecoin asset called GHO has been struggling to keep its peg to the U.S. dollar. While it is coasting along at $0.966 per unit at the time of writing, five days ago it tapped an all-time low at $0.917 per coin. Aave’s Liquidity Committee aims...
DeFi Protocol SafeMoon Still Running Despite Securities Violations
3.11.2023
Decentralized finance (DeFi) protocol SafeMoon has addressed the recent litigation by the United States Securities and Exchange Commission (SEC), expressing its intent to seek a resolution. We are reviewing the recent news and we of course take these issues extremely seriously. As we receive more...
PancakeSwap Integrates Bril’s Portfolio Manager to Diversify Liquidity Pools
30.10.2023
As decentralized finance (DeFi) continues to plug along in its quest to capture market share, PancakeSwap, one of the leading decentralized exchanges, has recently taken a step toward optimizing its service offerings. On Monday, PancakeSwap announced a collaboration with DeFi protocol Bril Finance...
Audits and rug-pulled projects, a $650B token burn, and major DeFi protocol quits UK: Finance Redefined
27.10.2023
Uniswap’s founder burned $650 billion of HayCoin, amounting to 99% of the token’s supply
Largest DeFi protocol on Solana reportedly quits UK market, citing FCA rule
24.10.2023
Marinade Finance holds over $265 million in total value locked, accounting for 70% of all funds locked on the Solana blockchain
Solana's Largest Defi Protocol Marinade Starts Blocking UK Users
23.10.2023
Solana's largest decentralized finance (DeFi) protocol, Marinade Finance, has blocked users in the United Kingdom from accessing the site due to "compliance concerns" over Financial Conduct Authority (FCA) regulations
DeFi Protocol Elixir Raises $7.5M in Series A Round Led By Hack VC
19.10.2023
DeFi platform Elixir has secured $7.5 million in a Series A investment fund led by Hack Venture Capital, bringing the protocol’s valuation to $100 million.
Other participants in the round included AngelList Ventures, NGC Ventures, Bloccelerate, Hudson River Trading, Genesis Trading, and angels...
Ethereum DeFi protocol Hope Lend drained after exploit
18.10.2023
The protocol, which had 526 Ether in total value locked, was emptied in an attack on Oct. 18
DeFi Protocol Platypus Finance Hacked for Over $2 Million on Avalanche – Here's What Happened
12.10.2023
Decentralized finance (DeFi) protocol Platypus Finance has fallen victim to a security breach resulting in the loss of over $2 million.
In a recent blog post on X (formerly Twitter), security firm PeckShield noted that the Avalanche-based project has been exploited.
Following the alert...
Ethereum DeFi Protocol BarnBridge Faces SEC Action and Fines, Opens Token-Holder Voting
12.10.2023
Decentralized finance (DeFi) lending project BarnBridge has announced a token-holder voting to tackle the legal charges that the project is facing from the US Securities and Exchange Commission (SEC), along with fines.
BarnBridge confirmed in July that is it facing a probe from the US regulators...
DeFi Protocol BarnBridge Prepares for SEC Action, Fines
11.10.2023
The decentralized autonomous organization is holding a vote on how to respond to securities regulators
Balancer blames ‘social engineering attack’ on DNS provider for website hijack
21.9.2023
Blockchain security firms SlowMist and CertiK also believe the crypto wallet drainer Angel Drainer was involved in the estimated $238,000 exploit
DeFi Protocol Balancer Says Web Front End Is ‘Under Attack’
20.9.2023
On-chain data appears to show the attacker has stolen over $200,000 from users
DeFi Protocol Balancer Faces Another Security Breach After Being Exploited for $2M a Month Ago
20.9.2023
Balancer, the Ethereum-based decentralized finance (DeFi) protocol, is facing a security breach, marking the second such incident in less than a month.
The platform issued a warning to its users after detecting an attack on its frontend, urging them to refrain from interacting with the Balancer...
DeFi protocol Balancer frontend is under attack, users urged to stay away
20.9.2023
The platform notified its community on Sept. 19 at 11:49 pm UTC, urging users to not interact with Balancer's protocol until further notice
DeFi Protocol Synapse Responds to Selling Pressure With 17% Bounce
6.9.2023
The native token of Synapse, a decentralized finance (DeFi) protocol designed to transfer data to cross-chain bridges, has bounced by more than 17% from a low of $0.30 after a liquidity provider sold its SYN tokens on Monday
UniLend Finance Empowers Community Governance with the Launch of UFTG Token
30.8.2023
PRESS RELEASE. UniLend Finance, a leading decentralized finance (DeFi) protocol is thrilled to announce the launch of its new wrapped governance token, UFTG (UniLend Finance Governance Token) as the revolutionary protocol approaches closer to Governance launch on 4th September. This groundbreaking...
DeFi Protocol Zunami Loses Over $2.1 Million in a Major Price Manipulation Attack
14.8.2023
Decentralized Finance (DeFi) platform Zunami Protocol has confirmed a price manipulation attack on its “zStables” stablecoin pools on Curve Finance, causing potential losses of over $2.1 million.
The attack is the latest among the list of protocols affected by the recent vulnerability in...
Base’s Rapid Ascent: 136,000 Daily Users and $175 Million TVL in Ethereum’s L2 Defi Space
11.8.2023
Base, the Ethereum layer two (L2) scaling solution supported by Coinbase, has experienced over $175 million funneled into its decentralized finance (defi) protocol since its creation. The majority of value locked comprises 75,244 ether and nearly $26 million worth of the USDC stablecoin....
DeFi Protocol Abracadabra Wants to Charge 200% Interest on Curve Founder’s $18M Loan
2.8.2023
All proceeds from such a strategy will be kept in Abracadabra’s treasury and be used to reduce the DAO risk associated with the liquidity conditions associated with CRV