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Poly Network Says Stolen User Assets on ETH Have Been Returned, Except Frozen USDT
13.8.2021
On Friday, a few days after the initial hack for $611 million, the Poly Network project detailed that the company has obtained all the assets stolen minus the frozen tether that was blacklisted by Tether Limited. The Poly Network team said they are in control of the funds along with “Mr....
The Emergence of Cross-Chain DeFi Platforms
13.8.2021
DeFi is the term to describe Decentralized Finance. It is a growing industry made up of money market protocols designed to allow lenders fair interest payments and let borrowers borrow against their crypto assets, which the banks do not yet offer. The top DeFi platforms are AAVE, Compound,...
'Shall We Play a Game', Asks Poly Network Hacker Upon Returning the Funds
13.8.2021
As nearly all stolen funds from the massive hack of the decentralized finance (DeFi) interoperability protocol Poly Network have been returned, the hacker continued their Q&A session, consciously providing some clues about their identity - as well as saying they have been offered half a million...
Reef Finance Incorporates Jax.Network Into Its Marketplace
13.8.2021
The Decentralized Finance (DeFi) blockchain, Reef Finance, has built an alliance with the Bitcoin blockchain Jax.Network. The teaming up of these two eminent blockchain networks will offer clients a reliant, profitable, and decentralized blockchain conformity system. This association with...
Poly Network hacker returns nearly all funds, refuses $500K white hat bounty
12.8.2021
"The poly did offered a bounty, but I have never responded to them. Instead, I will send all of their money back," said the hacker
These 3 metrics suggest there’s still time for another ‘DeFi Summer’
12.8.2021
Soaring token values, a steady inflow of new users and a TVL approaching all-time highs are all signs that the DeFi sector is heating up
Poly Network Hacker Says ‘In the Defi World Code Is Law’ While Returning Millions in Defi Tokens
12.8.2021
Two days after the notorious Poly Network hack, the hacker continues to send funds back to the project. On August 12, the Poly Network hacker so far has returned millions worth of ether, thousands of uni tokens, 1,032 wrapped bitcoins, and 96 million in stablecoins. The day prior, after returning...
DAO Maker crowdfunding platform loses $7M in latest DeFi exploit
12.8.2021
CipherBlade is conducting an investigation into the hack, and has identified a Binance account associated with the attacker
Iran’s tax authority wants to legalize crypto exchanges
12.8.2021
The Iranian tax agency has called for establishing a legal framework for crypto trading platforms so they can be taxed properly
Forward Protocol Joins Reef Chain via Reef Finance
12.8.2021
On August 11, Reef Finance welcomed Forward Protocol on the Reef blockchain network’s ecosystem. Forward Protocol is renowned for its unorthodox methods, which seek to augment the quality of learning. Their USP is a decentralized and self-reliant network. They will grant the international...
Poly Network Hacker Keeps Sending Funds Back, Returns USD 342M
12.8.2021
The hacker of the decentralized finance (DeFi) interoperability protocol Poly Network has returned more than half (in USD terms) of the stolen funds so far.
Per the latest data provided by Poly Network, as of August 12, almost USD 342m of assets has been returned. This includes:
On Binance Smart...
SushiSwap CTO reveals why the project isn't scaling on Optimism anytime soon
12.8.2021
Joseph Delong feels that rival DEX Uniswap had preferential treatment from the L2 solutions provider
Poly Network Defi Hacker Returns a Large Fraction of Tokens, Chainalysis Evaluates Hacker’s Onchain Movements
12.8.2021
On August 11, the blockchain intelligence firm Chainalysis published its findings on the recent Poly Network hack which saw the loss of approximately $611 million crypto tokens. The assessment from Chainalysis backed up the claims made by the security company called Slowmist that shows the hacker...
LoFi-DeFi Fair Launch Is Set to Smash Records
11.8.2021
PRESS RELEASE. The last two weeks saw decentralized finance cryptocurrency startup LOFI-DEFI gain intense social adoption for what is positioned to be the biggest fair launch in DeFi history. Tens of thousands of investors have gathered in its combined international Telegram communities to await...
Lattice Exchange provides venue for finding undiscovered cryptocurrencies
11.8.2021
Crypto investors are always on the hunt for the next low-cap gem. Lattice has created a new platform that could provide investors with an early glimpse into up-and-coming projects
Poly Network hacker returns less than 1% of the $600M theft
11.8.2021
The returned sum represents only a minor portion of the over $600 million stolen from Poly Network
SEC Chair Tells Senator Legislative Priority Should Center on Crypto Trading, Lending, Defi Platforms
11.8.2021
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has written a letter to Senator Elizabeth Warren about crypto regulation. After outlining his concerns and priorities in the crypto sector, he said, “additional authorities” and “more resources...
Poly Network Hacker Returns $4.7M in Funds — Attacker Asks Devs to Unlock Frozen Tether Stash
11.8.2021
On Tuesday, the decentralized finance (defi) project Poly Network was hacked for over $600 million in digital assets. The attack was the largest defi hack to date eclipsing all of 2021’s defi hacks combined. The very next day, however, the hacker started to send funds back to the Poly Network...
BitDAO and Sushi MISO Join Hands to Launch BIT Token
11.8.2021
BitDAO is among the most promising DAO platforms backed by Spartan, Pantera, Peter Thiel, Dragonfly, Bybit, and Founders Fund. Now, the DAO is collaborating with Sushi MISO to launch its new token. The partnership will also witness the involvement of Bybit. The crypto exchange has supported BitDAO...
Gemini Acquires Guesser Platform to Enhance Influence in DeFi
11.8.2021
In an important move for strategic expansion, Gemini has announced that it has acquired the Guesser platform. The Guesser is a very well-known name in the segment of platforms that predict markets on a real-time basis. With this acquisition, Gemini stands to gain a lot in categories such...