DeFi

DeFi

Tech

Euler Finance to Offer $1M Reward as It Reels From Nearly $200M Exploit

Euler has sent multiple on-chain messages to the attacker in the past 48 hours.

Computer Hacking Hackers (Shutterstock)

Markets

Over $2B in USDC Stablecoin Burnt in Single Day, Data Shows

USD coin holders are not rushing back to the token just yet.

Some 723 million USDC were burnt in a single transaction in early Asian hours. (Arkham Intelligence)

Policy

U.S. Treasury Poised to Release View on How DeFi Used in Illicit Finance

The department has reviewed decentralized finance’s role in such incidents as North Korean ransomware attacks, and will issue a risk assessment, a senior official said.

Elizabeth Rosenberg (Kevin Dietsch/Getty Images)

Tech

Dogecoin Network's Patched Bug Is Still Present in 280 Blockchains, Blockchain Security Firm Says

The bug pertains to the way peer-to-peer communications are conducted on blockchain networks such as Litecoin and Zcash.

Hacker (Towfiqu Barbhuiya/Unsplash)

Finance

DeFi Privacy Bridge Aztec Connect Sunsets After Less Than a Year

The backing Aztec Network is open sourcing the bridge and moving on to next-generation products.

LocalBItcoins is sunsetting its exchange. (Johannes Plenio/Unsplash)

Tech

Crypto’s Latest Stablecoin, Called HOPE, Started by Ex-Babel Finance CEO Flex Yang

The token will serve as the native stablecoin for the new Hope ecosystem, which is focused on bringing traditional-finance users to the crypto market.

(Getty Images)

Finance

Euler DeFi Protocol Exploited for Nearly $200M

The losses occurred over four transactions in dai (DAI), wrapped bitcoin (WBTC), staked ether (sETH) and USDC after the attacker conducted a flash loan attack.

Computer Hacking Hackers (Shutterstock)

Markets

USDC Trading Dominates Record Day for DeFi Exchanges Uniswap, Curve

Decentralized exchanges worked exactly as intended as traders rushed to exchange USDC for wrapped ether and other tokens.

(vlastas/iStock)

Finance

DeFi Stablecoin Exchange mStable Expects 4 Buyout Bids: Source

“We've been working for four weeks actively trying to pursue a M&A route,” protocol’s strategy lead says.

(Getty Images)

Videos

Silvergate Bank was a TradFi Failure: Rosetta Analytics Co-Founder

Rosetta Analytics co-founder Angelo Calvello writes in a CoinDesk op-ed that there were numerous signs of Silvergate's problems, but none of the analysts following the company picked them up. "We've got to get the institutional investors to look at crypto investing, DeFi, through the right lens to understand the risks and opportunities instead of looking at it through a traditional one," Calvello said on "First Mover."

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