The second quarter of 2023 noticed over $208 million exploited and hacked from DeFi protocols, and with simply million of funds recovered, complete losses to exploits had been over $204 DeFi ecosystem is an ever-growing trade with billions…
Redefined
-
-
The previous week in DeFi was crammed with synthetic intelligence (AI)-centered developments on Etherscan, Polygon’s newest safety replace and on-chain sleuth ZachXBT’s ongoing lawsuit supported by a number of crypto launched an AI-powered code reader to retrieve and interpret…
-
Altcoin NewsNews
Curve pool imbalance triggers USDT depeg considerations: Finance Redefined
by Jeremyby JeremyOn June 15, an imbalance in Curve Finance’s 3pool led to a Tether (USDT) depeg scare because the stablecoin’s weightage within the pool rose above 70%, resulting in heavy Tether’s chief expertise officer claimed these market circumstances are stress…
-
Bitcoin NewsNews
DeFi volumes surge 444% after Binance, Coinbase lawsuits: Finance Redefined
by Jeremyby JeremyAmerica Securities and Alternate Fee’s (SEC) lawsuits towards two main centralized crypto exchanges — and Coinbase — have led to a surge in DeFi buying and selling quantity over the previous SEC’s enforcement motion towards centralized exchanges has…
-
Bitcoin NewsNews
Losses from crypto rug pulls outpaced DeFi exploits in Could: Finance Redefined
by Jeremyby JeremyCould was a month crammed with exit scams within the DeFi world, with over $45 million misplaced to exit scams, whereas exploits on DeFi protocols racked up lower than half that quantity over the identical DAO rejected a plan…
-
Bitcoin NewsNews
Per week stuffed with exploits and uncertainty for DeFi: Finance Redefined
by Jeremyby JeremyAfter a bullish April, Could was one other month of exploits, rug pulls and hacks, bringing again uncertainty to Essentially the most outstanding headline marker up to now week was the Multichain The cross-chain DeFi protocol’s delayed node…
-
Bitcoin NewsNews
US Justice Division on the hunt for DeFi hackers and thieves: Finance Redefined
by Jeremyby JeremyAmerica Division of Justice (DOJ) is looking out for DeFi hackers and exploiters who’ve stolen thousands and thousands of {dollars} value of The DOJ’s high crypto cop stated it was a big problem within the wake of North Korean…
-
Altcoin NewsNews
Liquid staking options now have extra TVL than DEXs: Finance Redefined
by Jeremyby JeremyApril noticed a number of hacks, exploits and rug pulls that resulted in a internet lack of over $100 million amongst a number of DeFi Amid the rising memecoin frenzy, the probabilities of exploits have elevated multifold, with WallStreetBets…
-
Bitcoin NewsNews
UK Treasury seeks enter on taxing DeFi staking and lending: Finance Redefined
by Jeremyby JeremyThe taxation arm of His Majesty’s Treasury in the UK has proposed new regulatory modifications to simplify how DeFi returns are taxed and scale back the “administrative burden” for DeFi choices protocol has raised $17 million for a buy-side…
-
Altcoin NewsNews
SafeMoon hacker agrees to return 80% of stolen funds: Finance Redefined
by Jeremyby JeremyThis week in DeFi noticed the hacker behind the million SafeMoon exploit comply with return the vast majority of the stolen In line with the venture’s builders, the hacker will return 80% whereas preserving the remaining States…