BNB Chain-based DeFi protocol LaunchZone claims an exploit led to $700,000 of funds being drained from its liquidity pool, with its native token plunging in value
Shiba Inu Investor Transfers Tokens to Exchanges, Possibly Foreshadowing Price Drop
The shiba inu price slid 7% the last time the holder transferred the token to an exchange, data shows.
Liquid Staking Replaces DeFi Lending as Second-Largest Crypto Sector
The value of cryptocurrencies deposited in liquid staking protocols has increased to about $14 billion, trailing just deposits at decentralized exchanges.
Authorities in France Arrest Duo Involved in Platypus Exploit
Flash loan exploit drained protocol of over $9 million in assets and knocked Platypus USD (USP) off its peg.
Start of the End? Testnet Goerli Ether Spikes to $1.60 as Traders Jump on Opportunity Meant for Developers
LayerZero offered developers a way to get their hands on intrinsically worthless gETH tokens for testing purposes – but traders jumped on that opportunity, leading to an uncannily high-valued market.
Lendhub protocol exploiters spotted shifting $3.85M into Tornado Cash
Despite the sanctions on the crypto mixing service, the bad actors behind January’s biggest exploit have deposited millions worth of funds into Tornado Cash.
Jump Crypto & Oasis.app counter exploits Wormhole hacker for $225M
The counter exploit came after the High Court of England and Wales ordered Oasis.app to work with Jump Crypto to retrieve the stolen funds.
Token Offering of Asset Management Platform Factor Raises Roughly $7.6M
Several hours before the public sale ended, Factor announced changes to decrease the initial circulating supply.
DEX Mango Markets Will Alter Multi-Sig Feature to Mitigate Security Threats After $114M Exploit
Solana-based decentralized exchange Mango Markets has announced two new features ahead of its version 4 (v4) rollout, with focus on mitigating immediate security threats.
YFI Sets Six-Month High as Yearn Finance Teases Ether Liquid Staking Product
The product is designed to offer users exposure to a basket of liquid staking derivatives in one token.
Unrelated BASE Token Jumped 250% After Coinbase Starts Layer 2 Network Base
As of Friday, Coinbase has explicitly stated it has no plans to launch a token for its new blockchain.
Affine Protocol Raises $5.1M From Industry Heavyweights to Develop DeFi Yield Offering
The round was led by Jump Crypto and Hack VC and included contributions from Circle Ventures and Coinbase Ventures.
Coinbase Launches Layer 2 Blockchain Base to Provide Onramp for Ethereum, Solana, and Others
Base is built on Optimism and Coinbase has no plans to issue a new network token.
XRP Ledger Proposes Cross-Chain Bridge to Increase Network and Token Utility
The proposal defines how changes to an account’s transaction sequence can be made on the XRP Ledger to ensure the movement of tokens between XRP Ledger and associated sidechains.
DeFi Liquidity Protocol Synthetix Deploys Version 3 on Ethereum
Synthetix holds over $500 million in locked tokens over the Ethereum and Optimism networks.
Forsage founders indicted over $340M DeFi ‘Ponzi scheme’
According to the Department of Justice, Forsage employed smart contracts which were coded in ways consistent with a Ponzi scheme.
Forsage Founders Indicted for $340M Ponzi Scheme Masquerading as DeFi Platform
Klaytn Foundation Proposes Burning 5.28B KLAY Tokens, Cutting Token Supply by Nearly 50%
The proposal suggests an initial burning of 73% of the reserve supply, amounting to 5.28 billion KLAY tokens or approximately 48% of the total token supply.
Layer 2 Network Arbitrum Surpasses Ethereum in Daily Transactions
Arbitrum’s dominance among the layer 2 landscape continues to grow in quarter one of 2023, as the number of unique addresses on Arbitrum reaches an all-time high.
Galaxy Digital, PayPal Lead $20M Fundraise for Chaos Labs
The startup offers an automatic economic security system and simulation engine for decentralized finance projects.