DeFi News

ConsenSys, the Ethereum protocol behind MetaMask wallet and an application for developers Infura, decided to update its privacy policy. ConsenSys now collects IPs, usernames, KYC details, and bank account information. Running the ConsenSys application, MetaMask, users agree to share their full name, date of birth, and gender. Consensys also demands home address details and telephone […]

Following the theme of our digest today isn’t necessary, just like answering Caroline Elison’s question of what the point of trading on DEX and not FTX. Nevertheless, despite the abundance of news and investigations around the FTX failure, it is important to highlight today’s event – Uniswap has risen in ethereum volume trading, leaving Coinbase […]

Decentralized exchange QuickSwap has become the latest victim of a flash loan attack. The Uniswap DEX fork, which runs on Polygon and issues the MATIC crypto, was hit for $220,000. Flash loan attacks happen when an exploiter takes out many loans from a DeFi protocol and then sells the borrowed crypto. Unfortunately, decentralized exchanges are […]

Decentralized exchange Uniswap has received $165 million in Series B funding. Polychain Capital led the round, which also included a16z crypto and Paradigm. Uniswap was estimated in this round to be worth $1.6 billion. The popular DEX, which enables users ERC-20 token swapping, saw $1.2 trillion in trading volume since it opened its doors. The […]

Following last week’s Binance Smart Chain hack, another DeFi platform was now hit. This time, the Solana-based trading platform for perpetual futures and spot margin trading, Mango Markets, was the target of the exploit, with the attacker taking off with $100 million. According to the blockchain security firm OtherSec, the hack was carried out by […]

The Federal Bureau of Investigation has issued a warning to the public, outlying the potential dangers of using decentralized finance (DeFi) platforms. FBI cites the report made by blockchain analysis company, Chainalysis, claiming that $1.3 billion worth of crypto was stolen between January and March 2022. And 97% of that sum was taken from DeFi […]

After the DeFi protocol Curve Finance was hacked for $537,000 this Tuesday, the crypto exchange Binance has now managed to recover $450,000 of that amount. According to Binance’s CEO, Changpeng Zao, the exchange detected the hacker’s multiple attempts to send the funds to Binance in various different ways. The crypto exchange is now busy returning […]

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 […]

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 […]

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 […]