DeFi
DeFi Protocol Convergence Hacked, CVG Token Plunges 99% on Curve
The exploiter created 58 million of the protocol's CVG token and then swapped for roughly $200,000 worth of wrapped ETH and crvFRAX and forwarded to Tornado Cash.
Crypto Lending Firm Morpho Bags $50M in Funding Round Led by Ribbit Capital
The strategic funding round included a16z, Coinbase Ventures, Variant, Pantera and Brevan Howard.
Financial Building-Blocks: Structured Products and Blockchain
From significant cost reductions to enhanced composability, and improved accessibility, Christine Cai, Co-Founder of Cicada Partners, and Alexander Szul, CEO of Rome Blockchain Labs, argue the technology can revolutionize the way structured products are issued, managed and distributed.
Defi Protocol LI.FI Struck by $11M Exploit
The exploit is reported to be related to the LI.FI bridge.
Tornado Cash Co-Founder Alexey Pertsev Denied Bail by Dutch Court
Pertsev sought bail to allow him to prepare for his appeal to the verdict in May which found him guilty of money laundering.
Exponential.fi Wants to Make It Easier to Invest in DeFi
The platform aims to make it easy to identify opportunities, bridge fiat, assess risk, and invest in crypto all-in-one.
Compound Finance, Celer Site Compromised in Phishing Attack
The website leads to a phishing page that could drain user funds, but the actual protocol remains unaffected.
Decentralized Crypto Exchange WOOFi Uses Gaming Style NFTs to Boost DeFi
So-called “Boosters” enhance the yield from WOO tokens, which are staked to earn a share of the DEX’s fees.
DeFi Tokens Plunge 10%-20%, Led by Pendle Amid Weak Crypto Price Action This Week
Pendle has recently lost $3 billion of its TVL with the June expiry as a result of diminishing airdrop farming hype and lower yields amid muted crypto activity.
Polkadot’s $245M Treasury Would Last 2 Years at Current Spending Rate
The blockchain spent $87 million in the first six months this year, with marketing activities accounting for the majority of expenses.
