Frax’s shift to a fully backed stablecoin signals the end of DeFi’s algorithmic experiment
The sun sets on algorithmic stablecoins as Frax shifts to a fully-backed model.
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Coinbase Entices Users to Switch From USDT to USDC, Crypto Firm Says Recent Events ‘Put Some Stablecoins to the Test’
Coinbase, one of the largest cryptocurrency firms in the industry, has published a blog post that tells users to “switch to the trusted and reputable digital dollar,” referring to the…
An Estimated 128 ETH Lost in the Celer Protocol DNS Attack
The blockchain interoperability protocol, Celer Network’s cBridge project, became the target of a DNS hijacking attack. The team notified the community about suspicious DNS activity on August 17th. After investigation,…
Binance CEO Says Exchange Recovered $450 Million From the Curve Finance Attack
Following the recent Curve Finance attack, Binance CEO Changpeng Zhao announced that the exchange had recovered $450 million from hackers. The decentralized finance (defi) platform Curve saw roughly $570 million…
Binance recovers the majority of funds stolen from Curve Finance
Binance recovered and froze around $450,000 worth of the stolen assets, which is around 80 percent of the stolen funds.
Curve Finance exploit: Experts dissect what went wrong
Attackers that hijacked Curve Finance's landing page moved quickly to convert stolen funds to various tokens through different exchanges, wallets and mixers.
Curve Finance Issues Warning About Compromised Front End Amid $570K Theft
DeFi liquidity pool giant Curve.Finance has suffered an exploit after malicious hackers attacked its front end, stealing cryptocurrency worth around $570,000. Paradigm security researcher “samczsun” alerted the community about Curve’s…
Curve Finance Seeks One Million OP Token Grant from Optimism
Popular decentralized finance (DeFi) protocol Curve Finance is seeking a grant of one million OP tokens from the Ethereum layer-2 network, Optimism. Curve submitted a grant proposal on the Optimism…
Reasons Why Synthetix (SNX) Skyrocketed by Over 100%
The cryptocurrency market is showing signs of a minor relief amidst the bloodbath, but Synthetix (SNX) has emerged as the clear winner today. Synthetix (SNX) Takes the Lead The native…
Trust in Decentralized Finance Rattled After $100 Billion Left the Defi Economy
The effect of Terra’s demise continues to shine a light on the fragility surrounding the decentralized finance (defi) ecosystem. Things have changed a great deal following Terra’s aftermath, as the…