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Nalezeno "Defi News": 1301

Feds discover DeFi’s alleged $340 million Ponzi scheme

24.2.2023
Centralized exchanges are under threat of being reprimanded by regulators in the US. When it appeared that things would be limited to the exchange sector, it was discovered that another sector was preparing for a serious allegation: decentralized finance (DeFi). In light of recent events, the...

Platypus Finance divulges its plans for recouping

24.2.2023
Following the $9.1 million hack, Platypus Finance has sought advice from security professionals to address two of its primary concerns. The first is the ability to retrieve as much of the money as possible, and the second is revealing the hacker’s identity. In a first start, Platypus Finance...

Polygon decides to lay off 100 employees

24.2.2023
Despite how challenging it was, Polygon Labs ultimately made the difficult choice to lay off 100 employees. That actually equates to a respectable 20% of their entire team. Nevertheless, what appears to be remarkable is that they were able to raise $450 million a while back to carry out their...

Hope Finance announces theft of $1.86 million

23.2.2023
Hope Finance recently announced that it had been the victim of a $1.86 million theft. The project Tomb-fork, situated in Arbitrum, purportedly sent a tweet mentioning that the perpetrator is apparently a team member. According to trustworthy sources, it is also believed that the theft was committed...

COTI’s turning point: more than half a billion $COTI deposited

23.2.2023
Ever since the entity successfully launched the COTI Treasury, it has been able to witness an extremely speedy pace of growth. At the present moment in time, it boasts of having been able to accumulate more than half a billion $COTI.  It has, in actuality, become the very backbone of the COTI...

Impossible collaborates with Arbitrum to expand the ecosystem

22.2.2023
Impossible Finance, a crypto investment platform, announced its integration with Arbitrum to make crypto opportunities accessible to every user. Impossible has always been progressive in expanding the ecosystem and offering everyone the finest projects. To achieve its vision, Impossible has...

Renegade manages to obtain $3.4M from Dragonfly

21.2.2023
Renegade manages to successfully obtain for itself an amount of $3.4 million from Dragonfly. This was achieved with the aim and intention of creating an on-chain dark pool, an end-to-end encrypted DEX having midpoint trades for zero price effect. The funding that took place happened to have been...

Revert Finance hacked: Users got revoke approvals

20.2.2023
Revert Finance, an AMM liquidity management protocol, confirmed through a tweet that the “v3utils” contract was hacked, and 90% of the funds were stolen from a single account.  The accounts from which the funds are affected are given below:  USDT: 4106.316699, USDC: 22983.235188, WETH:...

Siemens issues €60M under Germany’s Electronic Securities Act

17.2.2023
When a 175-year-old conglomerate decides to go the blockchain way, then it could be right to assume that the technology has the potential to be adopted in the times to come. While the crypto industry remains under the lens of scrutiny, Siemens decided to issue bonds worth 60 million Euros to three...

COTI declares minting of gCOTI, the Treasury governance token

16.2.2023
The first CMD token and the gCOTI, which serves as COTI’s Treasury governance token, were both created and minted on February 14, 2023. On top of COTI’s MultiDAG 2.0, the CMD token has been duly issued. The total number of gCOTI tokens that have been issued is 1,000,000,000. As it turns...

Floki forms an exclusive partnership with Pyth Network

15.2.2023
Floki is extremely pleased and takes enormous pleasure in making their formal announcement of having successfully forged an exclusive partnership with the Pyth network. As a result, it will be a joint launch that will be carried out through the FLOKI/USD price feed, along with the incorporation...

DeFi protocol Clearpool launches institutional grade DeFi

14.2.2023
Clearpool has stepped up and introduced Clearpool Prime after carefully considering the pressing need for a flexible and long-lasting digital asset credit framework. This procedure will also be accountable for ensuring general transparency. A user can connect to the largest KYC and...

dForce confirms return of $3.65M exploited funds back to vaults

14.2.2023
dForce, the popular DeFi protocol, recently announced the return of its 3.65 million dollars lost to an exploit. All the exploited funds have been returned to the Arbitrum and Optimism vaults. Peckshield, the on-chain security firm, confirmed that dForce had a security breach on February 13. dForce...

SonicUnwrap Protocol smoothens Crypto transactions with innovative feature

13.2.2023
UPI system in India will soon host an upcoming decentralized transaction for crypto with a core focus on security and seamless movements of tokens among the community. Per the announcement made by Sonic through an official blog post, the venture is working to bring v2 – SonicUnwrap Protocol...

Maker Protocol announces the launch of Spark Protocol

10.2.2023
Sam MacPherson, the Protocol Engineer at MakerDAO, has announced the launch of its growth-focused arm – Spark Protocol. The first product of Spark Protocol will be Spark Lend. The launch is tentatively scheduled for April 2023, subject to the receipt of approval. Built on Aave V3, Spark Lend...

Polygon happens to deliver its Polygon Degen Campaign

7.2.2023
Polygon Labs, as a company, happens to be actively engaged in the development of Ethereum upgrading solutions in the case scenario of Polygon protocols. The entity gets involved with various ecosystem developers in order to be able to provide an upgradable, cost-effective blockchain framework...

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