Search
DeFi Giant Maker Emerges Victorious as US Judge Dismisses $28M Lawsuit Filed Against It by Crypto Investors
25.2.2023
A US judge has dismissed a class-action lawsuit against DeFi crypto lender Maker that alleged the platform misrepresented risks investors faced, leading to catastrophic losses of collateral on MakerDAO back in 2020.
According to a court document filed on Wednesday, the “Black Thursday” lawsuit...
Jump Crypto Trading Firm Strikes Back: Recovers $140 Million Stolen Crypto from Wormhole Hack – Here's What Happened
25.2.2023
Jump Crypto, the Chicago-based crypto arm of Jump Trading that helped develop DeFi project Wormhole, has managed to counter-exploit the Wormhole protocol hacker and retrieve $140 million worth of tokens.
According to a recent blog post, a coordinated effort between Jump Crypto and Oasis, which...
Jump Crypto & Oasis.app counter exploits Wormhole hacker for $225M
25.2.2023
The counter exploit came after the High Court of England and Wales ordered Oasis.app to work with Jump Crypto to retrieve the stolen funds
Crypto Investors' $28M ‘Black Thursday’ Lawsuit Against DeFi Giant Maker Dismissed by US Judge
25.2.2023
The class action lawsuit filed in 2020 alleged that Maker-related entities knowingly misrepresented risks of holding collateral debt positions and caused heavy losses for some users during the March 2020 market crash
Token Offering of Asset Management Platform Factor Raises Roughly $7.6M
24.2.2023
Several hours before the public sale ended, Factor announced changes to decrease the initial circulating supply
DeFi ‘fragility’ causes and cures explored in highly technical Bank of Canada study
24.2.2023
Researchers affiliated with the Canadian central bank identified weak points in DeFi lending protocols and reported on the potential they saw for mitigating them
Today in Crypto: US Fed Denies Custodia Bank’s Membership Request, Dapper Labs Lays Off 20% of Staff, Block Reports $1.66BN Profit for Q4, Binance Finds 500 ‘Incorrectly Classed’ Aussie Users
24.2.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today's crypto news.__________...
Read More: Today in Crypto: US Fed Denies Custodia Bank’s Membership Request, Dapper Labs Lays Off 20% of Staff, Block Reports $1.66BN...
BNB Chain’s Second-Largest DeFi Protocol Venus to Accept Floki Tokens as Lending Collateral
24.2.2023
Lending protocol Venus has a total locked value of $800 billion as of Friday. The move is expected to benefit FLOKI holders, developers say, as they continue to build and seek out strategic partnerships that ultimately benefit the token’s value
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...
DEX Mango Markets Will Alter Multi-Sig Feature to Mitigate Security Threats After $114M Exploit
24.2.2023
Solana-based decentralized exchange Mango Markets has announced two new features ahead of its version 4 (v4) rollout, with focus on mitigating immediate security threats
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...
YFI Sets Six-Month High as Yearn Finance Teases Ether Liquid Staking Product
24.2.2023
The product is designed to offer users exposure to a basket of liquid staking derivatives in one token
Unrelated BASE Token Jumped 250% After Coinbase Starts Layer 2 Network Base
24.2.2023
As of Friday, Coinbase has explicitly stated it has no plans to launch a token for its new blockchain
Hong Kong crypto frenzy, DeFi token surges 550%, NBA China NFTs — Asia Express
24.2.2023
Our weekly roundup of news from East Asia curates the industry’s most important developments. Hong Kong moves bullish On Feb. 20, the Securities and Futures Commission (SFC) of Hong Kong launched a consultation on its proposed regulatory requirements for digital asset trading platforms. The...
Russian Founders of Defi Platform Forsage Indicted in $340 Million Crypto Ponzi Scheme
23.2.2023
Four Russians have been charged in the U.S. with operating a crypto pyramid and Ponzi scheme that defrauded investors of millions of dollars. If convicted, they would face a maximum penalty of 20 years in prison for their roles in the purportedly decentralized finance (defi) platform Forsage....
How Fantom and Optimism’s DeFi and DApp development directly affects FTM and OP price action
23.2.2023
Despite similar price action, Fantom and Optimism ecosystems are moving in opposite directions and this is reflected in each token’s price
DeFi Protocol Platypus to Repay at Least 63% of User Funds After $9M Hack
23.2.2023
The Avalanche-based protocol worked with crypto exchange Binance to identify the exploiter responsible for the exploit last week
Today in Crypto: Coinbase's New Blockchain Testnet, Spotify's Token-Enabled Playlists, 3AC's NFT Sale, Metaco's Partnership with DZ BANK AG
23.2.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Coinbase's New Blockchain Testnet, Spotify's Token-Enabled Playlists, 3AC's NFT Sale, Metaco's Partnership...
Affine Protocol Raises $5.1M From Industry Heavyweights to Develop DeFi Yield Offering
23.2.2023
The round was led by Jump Crypto and Hack VC and included contributions from Circle Ventures and Coinbase Ventures