DeFi

Euler Finance Takes Action to Block Vulnerable Module and Recover Funds

March 14, 2023 1 min read

Euler Finance, a decentralized finance (DeFi) lending protocol, has suffered a flash loan attack resulting in the biggest crypto hack of 2023. The attack led to a loss of nearly $197 million, impacting not only Euler but also 11 other DeFi protocols. In response, Euler disabled the vulnerable etoken module and donation function to block deposits. The company has reached out to leading on-chain analytic and blockchain security firms to

DeFiChain To Sponsor the National Fighting Championship in Germany

March 8, 2023 3 mins read

Singapore, Singapore, 7th March, 2023 DeFiChain, the world’s leading blockchain on the Bitcoin network dedicated to bringing decentralized financial applications and services to everyone, is delighted to announce that its community has voted to sponsor the National Fighting Championship (NFC) this year. The NFC is the German version of the widely known UFC, in charge of the mixed martial arts (MMA) fighting league in Germany. NFC is the biggest German

Aave Initiates Governance Talks to Launch on Upcoming Polygon zkEVM Mainnet

March 3, 2023 1 min read

Decentralized lending protocol Aave is exploring the possibility of deploying an MVP version of Aave version 3 on Polygon’s upcoming zkEVM Layer 2 network. The main aim of the proposal is to establish a strategic Aave presence on the new network early on, after the mainnet beta goes live on March 27. To minimize risks, the proposal recommends onboarding only a limited number of assets and setting conservative risk parameters.

Radix Introduce Paradigm-Shifting $300,000 Grants Program to Incentivize Serious DApps

March 1, 2023 2 mins read

Jersey, Channel Islands, 28th February, 2023 Radix, the only smart contract platform for asset-oriented web3, has announced the paradigm-shifting Radix Grants Program to incentivize developers to build within its ecosystem. The first developer program to be focused exclusively on Radix, the initiative is open to all serious DeFi and web3 devs considering building on Radix. In addition to funding, teams will benefit from hands-on mentoring and guidance from the Radix

Lendhub Protocol Exploiters Reportedly Move $3.85M to Tornado Cash for Anonymity

February 27, 2023 1 min read

Decentralized finance (DeFi) platform Lendhub was hacked for $6 million in January, and now, blockchain security firms PeckShield and Beosin have reported that the hackers have sent more than half of their stolen funds to the crypto mixer Tornado Cash. On February 27, PeckShield and Beosin reported that around 2,415 ether, worth $3.85 million, was sent from a wallet connected to the Lendhub exploit to Tornado Cash. Beosin noted that

Platypus to Develop Compensation Plan for $8.5M Attack Victims

February 19, 2023 1 min read

Decentralized finance (DeFi) platform, Platypus, is developing a compensation plan for its users following an $8.5 million flash loan attack. The attack drained funds from the protocol, leading to the destabilization of its dollar-pegged stablecoin. In response, Platypus took to Twitter to assure users that it is working on a compensation plan and asked them not to sell their assets in the protocol as this could exacerbate the situation. Platypus

TON Names Orbs As The Official Sponsor Of Two Key Global Hackathon Events

February 16, 2023 2 mins read

Tel Aviv, Israel, 16th February, 2023 Orbs is the sponsor of several exclusive offsite events for the upcoming TON global hackathon. These events will occur across Tel Aviv and London, two strategic locations for this initiative. The TON team is launching the first global Hack-a-TONx collaborative effort. DoraHacks and the TON Foundation joined forces to create this global event, with $250,000 in prizes to be distributed among participants. Several hackathons will occur

LandX Completes Security Audit with Quantstamp, Establishing Confidence in Platform’s Security

February 16, 2023 2 mins read

Dubai, United Arab Emirates, 16th February, 2023, Chainwire LandX, the decentralized Perpetual Commodity Vaults Protocol, has announced the successful completion of a security audit conducted by Quantstamp, a leader in blockchain security solutions. The audit included a comprehensive review of LandX’s smart contracts. The audit process was conducted over a period of several weeks, during which Quantstamp’s team of experts tested LandX’s code for potential security vulnerabilities, including its smart contract architecture

MetaMask Warns Users of Scam Emails Sent by Namecheap Hacker

February 14, 2023 1 min read

MetaMask has recently warned investors about the ongoing phishing attempts by scammers, who are attempting to contact users through Namecheap’s third-party upstream system for emails. On the evening of February 12, web hosting company Namecheap detected the misuse of one of its third-party services for sending unauthorized emails, which directly targeted MetaMask users. In response to the alert, MetaMask reminded its million followers that it does not collect Know Your

Venom Blockchain Partners with DAO Maker to Incubate Web3 Startups Focused on Real-world Use Cases

February 13, 2023 3 mins read

Abu Dhabi, Abu Dhabi, 13th February, 2023 Venom Foundation, the first Layer-1 blockchain licensed by the Abu Dhabi Global Market (ADGM), has announced a partnership with DAO Maker, a leading blockchain growth solutions provider known for their Launchpad, to incubate promising Web3 startups focused on delivering real-world use cases. DAO Maker will actively assist in the development of the Venom ecosystem and contribute to the success of projects within the

AshSwap the first stable-swap DEX Launches on MultiversX Mainnet

February 13, 2023 4 mins read

Ho Chi Minh City, Vietnam, 11th February, 2023 AshSwap, the first stable-swap DEX on the MultiversX blockchain (previously Elrond Network), is officially launching on the MultiversX mainnet on February 17. The DEX will seamlessly bridge critical DeFi functions and provide tighter spreads with a fraction of the liquidity on MultiversX. In November 2021, AshSwap successfully raised $2.5 million in a private sale led by Elrond. The initial offering of ASH tokens on

Nexo Suspends Ethereum Improvement Proposal for US Customers

February 13, 2023 1 min read

Crypto lender Nexo has announced that it will no longer be offering its Earn Interest Product (EIP) to U.S. clients, residents, and citizens, effective February 10th. This move comes after the company was fined $22.5 million by the U.S. Securities and Exchange Commission (SEC) for failing to properly register the offer and sale of EIP. In response to the fine, Nexo stated that it would be stopping EIP in eight