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Tag: DeFi hacks

SECTOR REPORT: Insurance Protocols

Blockchain-based insurance protocols have managed to become an independent sector, even though their fortunes follow the overall crypto market. Nevertheless, demand for insurance services...

DeFi Under Attack: $1.5B Stolen in Top 5 Crypto Heists of 2022: Forbes

Cryptocurrency firms struggled greatly in 2022, with multiple companies facing financial issues and bankruptcy. In addition to these challenges, over $3 billion was...

Four Positive Events in the Crypto Space This Year

OK, we admit it, not all of our ’12 Days of Cryptomas’ articles have direct tie-ins to the classic song! But we...

CeFi must adopt DeFi’s transparency following FTX collapse, Justin Sun says

Centralized exchanges (CEX) must adopt transparency measures prevalent in decentralized finance (DeFi) to restore public trust, Tron founder Justin Sun said in a panel...

Programming languages prevent mainstream DeFi

Decentralized finance (DeFi) is growing fast. Total value locked, a measure of money managed by DeFi protocols, has grown from $10 billion to a...

Hacker Siphons Close to $300K in OHM Tokens From the Olympus DAO – Bitcoin News

On Friday, October 21, a malicious entity siphoned 30,437 OHMRead More

Mango hack drama and other major crypto stories of the past week

This past week saw five crypto hacks and exploits happen in one 24-hour period, the largest of which was Mango Markets, where over $100...

Yam Finance thwarts governance attack aimed at hijacking its treasury

Yam Finance, a decentralized finance (DeFi) protocol, prevented a malicious governance attack designed to cede control of its reserves to an unknown third party,...

Crypto hacks are declining in numbers but increasing in damage

Cryptocurrency hacks have been significantly decreasing in numbers since the beginning of the year. According to the latest research from BestBrokers, the industry saw...

Harmony’s $100M Hack Was Due to a Compromised Multi-Sig Scheme, Says Analyst

On June 23, 2022, the Harmony development team announced that $100 million was siphoned from the Horizon bridge, and the organization explained it was...

Cryptocurrency Market Impulses to Double-Digit Weekly Gains

Cryptocurrency Market Impulses to Double-Digit Weekly GainsA fresh impulse in the cryptocurrency market sees all of the top ten cryptocurrencies up by double digits in the ...

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Report: With over $11 billion in criminal crypto wallets, here’s how the future looks

News related to cryptocurrency crime has been in abundance for a while, often starving the industry of its legitimacy. However, the same technology also lends it credence due to the accessibility of wallet and transfer information on the blockchain, making it easier for law enforcement officers to do their job. The most recent, and biggest, […]

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