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Crypto Scammers Swipe $123K in stETH from Nest Wallet Founder in Fake Airdrop
2.1.2024
The Nest Wallet founder has lost his life savings in an elaborate fake crypto airdrop scam. Image by Kerem Goktug Kaya, DALL-E 3. In a sobering reminder of the prevalence of cryptocurrency scams, Nest Wallet co-founder Bill Lou revealed on Tuesday he fell victim to an elaborate fake airdrop scheme...
Jupiter Targets JUP Airdrop for End of January
2.1.2024
The Solana-based trading aggregator will test the longevity of the Solana frenzy
Solend launches Margin for leveraged trading via Jupiter Exchange
2.1.2024
Solend has announced the launch of Margin. The objective is to help users trade with leverage through Jupiter Exchange. Margin minimizes the efforts that users otherwise have to spend on borrowing and leveraging, long or short. It will now make it more convenient for tokens that the Solana-based...
Orbit Chain Hacker Swaps Stolen USDT for ETH, Rakes in $1.45 Million Profits
2.1.2024
Source: Pixabay The attackers behind the recent Orbit Chain exploit successfully converted their ill-gotten gains into Ethereum (ETH), amassing an additional $1.45 million in unrealized profits amidst a 4.7% surge in ETH prices over the past 24 hours. ???? After stealing ~$81.6M in various assets...
Orbit Suspends Cross-Chain Bridge Contract After $82M Exploit: Beosin
1.1.2024
Source: Pixabay Just hours before welcoming the new year, hackers exploited Orbit Bridge, the cross-chain bridging service of Orbit Chain, making off with a staggering $82 million. The project soon suspended the cross-chain bridge contract and initiated on-chain negotiations with the attackers,...
CAKE Token Supply Cut — Pancakeswap Community’s Decisive Vote Spurs Market Surge
29.12.2023
The Pancakeswap community has sanctioned a governance vote to eliminate 300 million CAKE tokens from the crypto asset’s total supply. Records indicate that a substantial 97.88% of community votes supported the reduction of 300 million CAKE, decreasing the total supply from 750 million to...
EVMs Evolve with Parallelized Technology, Offering Blockchain Scalability, Transaction Speed and Fee Efficiency
29.12.2023
Parallelized EVMs are redefining blockchain capabilities, enhancing transaction speed and efficiency across platforms. Image by İnci Özgür, DALL-E 3. Blockchain technology is witnessing a major shift—one that promises to reshape how we think about and interact with digital ledgers. We’re...
Dechat and HorizonDEX unite for a Web3 revolution
29.12.2023
Dechat, a well-known firm in the field of secure, decentralized financial (DeFi) apps, recently announced an intriguing collaboration with Horizon DEX. This collaboration has brought together Dechat’s well-known safe messaging system and Horizon DEX’s advanced liquidity trading...
Defi Platform Levana Protocol Says $1.14 Million Was Lost During an ‘Oracle Attack’
29.12.2023
The decentralized finance platform Levana Protocol confirmed on Dec. 27 that unknown attackers had drained approximately $1.14 million from the liquidity pool. The Levana team however insisted that the issue has “been fixed and opening positions will relaunch next week.”...
L2 Protocol Blast Soars Past $1 Billion in Locked Crypto Value
28.12.2023
Statistics reveal that the Ethereum layer two (L2) platform Blast now secures over $1 billion within its protocol. The total value locked (TVL) in Blast has expanded more than twelvefold since its launch in late November. Blast’s TVL Hits $1 Billion Initially, on Nov. 22, 2023...
QuickSwap ties up with Manta Network’s New Paradigm campaign
28.12.2023
QuickSwap becomes an ecosystem associate of Manta Network’s New Paradigm scheme. This is active on the Manta Pacific chain in the form of a live Ethereum L2 with a conventional yield for ETH and stablecoins. For a limited time, users can earn penta yield and a future MANTA airdrop with their...
Blast Hits $1.1B in Deposits More Than a Month Before It's Due to Go Live
28.12.2023
Depositors will receive an airdrop that can be redeemed in May 2024
PancakeSwap Proposes to Reduce CAKE Token Supply by 300 Million
28.12.2023
More than 99.95% of the community, representing 70,000 votes from CAKE holders, favored the proposal shortly after it went live
Kyberswap Exploit Fallout: Platform’s Workforce Cut by 50%
28.12.2023
The CEO of Kyberswap, the decentralized finance aggregator, revealed on Christmas Day that the platform recently laid off 50% of its workforce. The CEO added his organization is in the process of creating a voluntary database that is expected to help these workers secure new jobs in the Web3 space....
Yeti Finance will be winding down after TVL and revenue decline
28.12.2023
Yeti Finance recently announced that it will be shutting down operations. The official announcement came on Yeti Finance’s X/Twitter channel. The primary reason behind the decision is a severe drop in TVL and revenue. In addition, Yeti Finance stated that the crypto circle had been shaky for...
Solana’s Dex Platforms Eclipse Ethereum in Weekly Trade Volumes
27.12.2023
Recent statistics reveal that in the last week, decentralized exchange (dex) platforms built on Solana have surpassed Ethereum in market performance. Data indicates that Solana-based dex platforms achieved a volume of $1.447 billion in the past day, overshadowing the $1.282 billion recorded...
Crypto Users Lost $2B to Hacks, Scams and Exploits in 2023, De.Fi Says
27.12.2023
The figure is roughly half the estimated $4.2 billion of 2022, a year that also included $40 billion lost through the collapse of Terra, Celsius and FTX
Securities Regulators’ Association Calls for the Identification of Individuals Who Exercise Control Over Defi Platforms
27.12.2023
The International Organization of Securities Commissions (IOSCO) has urged regulators seeking to understand decentralized finance (defi) arrangements to identify individuals who “exercise control or sufficient influence at the enterprise level.” The identification of such individuals...
Thunder Terminal Hacked, Loses 86.5 ETH!
27.12.2023
The on-chain trading platform Thunder Terminal was hacked today, resulting in an unauthorized transfer of 86.5 ETH worth around $192k to Railgun. ZachXBT exposed this cyberattack on his Telegram channel, which monitors activities on blockchain networks. Thunder Terminal issued a brief statement...
Taking DeFi to the Next Level, Here’s How Retik Finance will Tap into the Multi-Billion Dollar Market with Defi Debit Cards
27.12.2023
In the rapidly evolving landscape of finance, cryptocurrencies have already begun to significantly reshape the global financial ecosystem. The emergence of blockchain technology and decentralized finance (DeFi) has introduced novel paradigms in the way individuals and businesses interact with...