Sunday, September 25, 2022

DeFi News

Liquidity Provider Wintermute Loses $160 Million From Recent Hack

Wintermute’s CEO discloses that the firm lost $160 million in a recent hack. The CEO of Wintermute, Evgeny Gaevoy, said the company stays solvent. The firm...

Russian Entrepreneur Alexander Lebedev Readies Ruble Stablecoin

Alexander Lebedev plans on introducing a stable coin backed by the Ruble. ‘InDeFi has nothing to do with the Russian ruble,’ says Mendeleev, InDeFi CEO. Just...

There is a Massive Market Potential for Crypto Insurance Providers

InsurAce CMO says there is huge market potential in DeFi insurance, says Cointelegraph.After a rocky couple of months, DeFi insurance is needed now more...

Scammer of DeFi Protocol Exploits Walks Away with $371K

Nereus Finance, Trader Joe, and Curve Finance were victims of a cunning attack resulting in bad debt of $500k.An exploiter deployed a $51 million...

Degens Cause Trouble to DeFi; ETH Loans Pressurize Liquidity

Speculators amassed ETH loans to attain forked ETH Proof-of-Work tokens.The increased number of loan borrowers inflicted trouble on DeFi platforms.Considering the pressure on liquidity...

A Summary of DeFi’s Journey Since Its Humble Beginning in 2018

A report has been released by CoinMarketCap and members of Spartan Labs.Since its start in 2018, the DeFi space has come a long way...

Compound Labs’ Price Feed Error Causes ETH Transactions To Revert

Compound Labs shared on Twitter about an error they found during a price feed update used by Compound v2 users.The update is executed via...

FBI Warns Investors Over Cybercriminals Exploiting DeFi Platforms

The FBI warns of cybercriminals exploiting security flaws governing DeFi platforms.Hackers have stolen $1.3 billion worth of crypto, between January and March 2022.The FBI...

DeFi Aave Daily Active User on Ethereum Down 80% From May High

The daily active user on Ethereum of Aave is down by 80% from its May high.As of yesterday, only 494 daily active users used...

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