DeFi Protocol Unizen Vows ‘Immediate Reimbursement’ Post $2.1M Hack
Following a platform hack that lost over $2.1 million in user funds, the DeFi protocol Unizen declared that it would compensate its subscribers who lost 750,000 or less.
Tag defi
DeFi Platform Blueberry Halts Lending Operations After Security Breach
Protocol for decentralized finance Blueberry was able to halt its protocol following a last-ditch effort to contain possible harm from an "ongoing exploit."
DeFi is More Efficient Than CeFi: Here’s Why
The DeFi sector is growing at a staggering pace, and while it shares some similarities with CeFi, the differences are glaring too. Transparency is a significant benefit DeFi offers investors – a key factor that decides the fate of their…
DeFi vs TradFi Lending, Benefits and Risks
The term DeFi, short for decentralized finance) has been circulating in the financial world in the past few years, and it’s not without reasons. The emerging movement promises to revolutionize the traditional finance (TradFi) sector, and it’s increasing in demand…
Top DeFi Protocols to Watch Out For in 2022
Over the past few years, cryptocurrency investors have increasingly taken up decentralized finance (DeFi) as the go-to ecosystem to manage finances and earn interest. According to DeFi Pulse, the DeFi ecosystem stands at $69.05 billion, as of writing, representing a…
DeFi Vulnerabilities: Protocols Suffer $38.9M in Losses from Exploits
Quantstamp has determined which five smart contract protocols saw the greatest losses in January due to hacker and exploit attacks.
Best DeFi Apps
DeFi or Decentralized Finance is one of the biggest trends in the crypto market. Users can use a DeFi app to facilitate payments and other financial transactions without centralized, traditional financial institutions. DeFi started in 2018, but its massive adoption wasn’t…
KyberSwap Hacker Issues $4.6M Bounty to Recover $46M Stolen Assets
A 10% bounty payment has been extended by the decentralized exchange KyberSwap to the hacker who stole $46 million on November 22
DeFi Firm KyberSwap faces $46 Mln hack,TVL drops
Key Takeaways In the latest decentralized finance (DeFi) exploit, KyberSwap Elastic, a decentralized exchange (DEX) under Kyber Network, faced a security incident resulting in the loss of approximately $46 million in various crypto assets. The Kyber Network team promptly notified…
Yield Protocol Set to Shut Down Operations by December 2023
Due to a lack of business demand and pressure from international regulations, the DeFi lending protocol, Yield Protocol, has decided to be taken down before the end of the year.
