DeFi hacks on the rise as Balancer protocol exploited for $900K: Finance Redefined
DeFi exploits resulted in losses of over $16 million in August.
DeFi
Curve Finance announces reimbursement for users affected by hack, another DeFi breach reported, and ConsenSys introduces L2 with Finance Redefined.
The DeFi ecosystem had another exploit of over $2 million on a stablecoin liquidity pool this past week, just weeks after the Curve Finance exploit.
Circle Launches Beta of MPC Wallet for Ethereum, Polygon, and Avalanche
The stablecoin issuer launched a service and API that allows developers to create customized wallets for their users.
Hodler’s Digest: DeFi Undergoes Stress Test, DoJ Concerned About Binance Run, Hong Kong’s Crypto Trading, July 30 – Aug. 5
Curve Finance’s dramatic exploit exposes DeFi, DoJ concerns of a run on Binance, and Hong Kong debuts retail crypto trading.
The Complete Account of the Curve-Vyper Exploit
Curve Finance pools were targeted by hackers in a reentrancy attack on July 30, sending shockwaves across the DeFi ecosystem. Cointelegraph compiled the week’s events.
DeFi Ecosystem Faces Curveball as CRV Exposure Risk Emerges: Finance Redefined
Most DeFi tokens traded in the red on weekly charts due to the chaos caused by the Curve Finance exploit.
What’s driving the increase in users as Optimism transactions surpass Arbitrum?
Transactions on Optimism recently eclipsed the Arbitrum network, but do the project’s fundamentals support a sustainable growth trajectory?
DeFi’s Founder Rushes to Repay Loans as Curve Liquidation Risk Threatens Systemic Stability
A Curve Finance hack sparked a sharp sell-off, and while DeFi traders stepped in to support CRV, the possibility of a contagion-level event remains.
Finance Redefined: ZK-Proof Development Gains Momentum amidst Another Week of DeFi Hacks
The total value locked in DeFi protocols remained below $50 billion after another week of exploits.
Elon Musk’s X Ventures Expands into Financial Services and PacWest Emergency Rescue
This week’s Crypto Biz explores Elon Musk’s plans for X, the Italian central bank’s take on DeFi, PacWest’s merger with Banc of California and more.