Curve Finance Hacked for $570,000 Worth of ETH
The well-known decentralized exchange, Curve Finance, was hacked for $570,000 worth of Ethereum. In a frontend exploit, the attackers have manipulated Curve’s website so as to redirect unsuspecting users to a destination where they could collect the funds from users’ transactions. According to the Web3 sleuth, Zachxbt, the thieves then used the FixedFloat crypto exchange […]
Uniswap Potentially Expanding Thanks to a $74 Million Proposal
Uniswap, the world’s largest decentralized exchange, will expand to include a U.S. Uniswap Foundation (UF) if the proposed straw poll passes. If everything goes according to plan, the UF will receive $74 million worth of UNI tokens for its future operations. $60 million of that sum would fund the Uniswap Grant Program (UGP), while the […]
Unizen Receives a $200 Million Investment from GEM
The cryptocurrency exchange Unizen secured $200 million in an investment made by the private equity group Global Emerging Markets (GEM). Unizen will use the funds to further develop its business and crypto ecosystem. Part of the funding will be released upfront. The rest will be provided later, as Unizen achieves the agreed milestones. There’s no […]
Good Week for DeFi Projects in Terms of Fees Paid
DeFi projects are seeing a surge in the amount of fees paid and token prices. For starters, the decentralized exchange Uniswap has outperformed its host blockchain Ethereum. According to data from Crypto Fees, between June 15 and June 21, average daily amount of fees paid on Uniswap was $4.87 million, while the daily average on […]
Governance Vote Invalidates Solend’s Emergency Plan to Manipulate Whale Accounts
The Solana-based DeFi lending protocol, Solend, has created another governance vote, which invalidated a recent governance vote titled “SLND1: Mitigate Risk from Whale”. The SLND1 proposal, which was approved, gave Solend Labs the power to access a whale’s wallet (i.e. a wallet that stores a substantial amount of crypto) in the case of an emergency. […]
Inverse Finance Loses $1.2 Million in a Flashloan Attack
Attackers have hit Inverse Finance, a DeFi protocol based on Ethereum, for $1.26 million in Wrapped Bitcoin (WBTC) and Tether (USDT). The attack happened just two months after Inverse Finance lost $15.6 million in a similar attack of the price oracle manipulation exploit type. More specifically, a flashloan attack happened this time. Flashloan is a […]
