Tag defi

DeFi protocol Arcadia Finance drained for $455K

key takeaways: In a significant blow to the decentralized finance (DeFi) sector, Arcadia Finance, a prominent protocol, has recently fallen victim to a devastating hack, resulting in a loss of $455,000. The breach targeted both Ethereum and Optimism, raising concerns…

Aadrika Sharma
July 10, 2023
News

DeFi Protocol Sturdy Finance Falls Victim to $800K Hack: Offers $100K Bounty in Response

Sturdy Finance lost 442 Ether due to a security flaw worth over $800,000.

Deep
June 13, 2023
News

DeFi platform DEUS faces $6 Mln exploit, DEI depegs

DEUS had paused all contracts, and DEI tokens on chains were burnt to prevent further damage

Saniya Raahath
May 7, 2023
News

DeFi Protocol Hundred Finance exploited For $7M

Hundred Finance announced on Twitter that it has lost approximately $7 million due to a security compromise .

Aadrika Sharma
April 17, 2023
News

OHM Token Treasury to Have More ETH Backing as Olympus DAO Votes for Change

Key Takeaways The decentralized reserve crypto project Olympus DAO has decided to increase holdings of “volatile assets,” including ether (ETH) in the treasury backing its OHM token. This decision comes after the members approved a new Treasury Framework. “Treasury team…

Saniya Raahath
April 15, 2023
News

Understanding the Power of DeFi: Cryptocurrency’s Game-Changer

DeFi is a system of financial applications built on top of blockchain technology that allows for decentralized access to financial products and services.

THORChain suspends Trading amid Potential Vulnerability

Following reports of a possible vulnerability, THORChain, a decentralised cross-chain liquidity protocol, immediately suspended the network.

Aadrika Sharma
March 29, 2023
News

A Look at AAVE, the DeFi Project taking Web3 World By Storm

AAVE's price has been quite volatile, experiencing significant fluctuations since its launch. Early in 2020, the price of AAVE was approximately $2, but the DeFi boom later that year caused its value to skyrocket.