DeFi News

Reddit co-founder Alexis Ohanian leads investment in the blockchain development platform, focused on the decentralized internet, QuickNode. The startup attracted $5.3 M in seed funding headed by venture capital company Seven Seven Six, the founder of which is Ohanian. Earlier, the entrepreneur...

Today, May 20 Binance Smart Chain-based DeFi aggregator PanCake Bunny was attacked and lost $200 M in crypto. The hacker used a flash loan. After the exploit, the price of the BUNNY token fell significantly, by about 96%. PanCake Bunny's team announced the criminal's steps through several tweets....

bEarn Fi, an auto yield farming protocol based on Binance Smart Chain lost about $11 M as a result of the flash loan attack, which happened on May 16. Attacking bVaults’ BUSD Alpaca strategy, the attacker used flash loans and managed to steal over $10.8 M in the stablecoin BUSD. In DeFi, vaults...

Jai Bhavnani, head of DeFi project Rari Capital, announced the payment of compensation to users affected by the hacker attack on May 8th. This is stated in a post on Medium. According to Bhavani, the protocol lost 2,600 ETH (~ $ 10.6 million current). The project will transfer RGT tokens from the...

An unknown person withdrew assets worth about $ 11.3 million from the Rari Capital decentralized financing protocol. Researcher Igor Igamberdiev noted that the attack was the first cross-network exploit - the attacker stole funds for it from the Value project, which is powered by Binance Smart...

On May 5, major Automated Market Maker (AMM) UniSwap disclosed that the v3 is launched on the mainnet. The upgrade is the most optimized variant of the network with the Concentrated Liquidity offering. That means effective capital yielding for liquidity providers and a better framework for...

A hacker attacked the Spartan Protocol DeFi project running on the Binance Smart Chain (BSC) and pulled about $ 30 million from its liquidity pools. The hacker used $ 61 million in BNB tokens to attack. Spartan also said they are trying to recover the withdrawn funds and turned to Binance for...

The crypto exchange Binance and its native token BNB have been making new records. Data shows that the TVL (Total Value Locked) in DeFi on the Binance Smart Chain (BSC) has reached record highs standing at around $43 B. It's worth mentioning the noticeable growth of the decentralized exchange...

Hackers withdrew about $6M from the liquidity pools of the EasyFi landing protocol, which uses second-tier solutions from Matic Network (now Polygon). CEO and founder of the project, Ankitt Gaur, said that attackers gained remote access to his computer and took possession of the keys to the...

The Venus DeFi Landing Project has a total value of Locked Funds of $ 10.4 billion. The next largest TVL project powered by Binance Smart Chain (BSC) is PancakeSwap. His smart contracts are focused on cryptoassets for $ 8 billion. The total value of funds blocked in the BSC segment is $ 33.2...

The Enso Finance project has raised $5M in investment. The round was led by venture capital firm Polychain Capital and Dfinity's Beacon Fund. Other contributors include Multicoin Capital, P2P Capital, Spartan Group, Zola Global, and The LAO. “The Enso platform allows for an unlimited number of...

The explosive growth of the DeFi decentralized finance market in 2021 has attracted the interest of developers of almost all leading blockchains. Cardano (ADA) has decided to compete with Ethereum and Binance Chain, which are popular among DeFi application creators. Altcoin developers have...

American football legend Tom Brandy will release his NFT network named Autograph. The co-founder and Chief Executive Officer of the project Dillon Rosenblatt told CNN about his decision on April 6. He said that Autograph will join many famous individuals and companies who will build and issue...

The total value of frozen assets in the decentralized finance sector exceeded $ 100 billion for the first time. DeFi protocols on the Ethereum blockchain account for about 80% of the volume, projects on the Binance Smart Chain (BSC) network - about 15%. The leader in the rating is Compound with an...

Major e-commerce company Shopify's CEO Tobias Lütke posted on Twitter that he's looking for ideas concerning the DeFi industry. Hey #DeFi Twitter👋. What are the commerce related opportunities that you are most excited about? What role do you want Shopify to play?— Tobi Lutke...

It is difficult to work out uniform rules for the DeFi sphere due to the diversity of the ecosystem, so specific projects should communicate with the SEC in order not to violate securities law. This opinion was expressed by Commissioner Hester Peirce in an interview with Forbes. According to her,...

On March 29 the U.S. SEC has submitted a suit against the distributed content protocol LBRY. The agency stated LBRY is trading unlisted securities via its native cryptocurrency and that there is a violation of the Securities Act of 1933. LBRY is a decentralized project created for content. Its...

American television show Saturday Night Live (SNL) prepared a sketch/rap about NFTs in the March 27 release. The skit depicts a scene in a classroom where an actress playing the role of US secretary of treasury Janet Yellen conducts an economics lesson. She asks if any of the students have...