From neglecting security to bad tokenomics, DeFi has played a hand in its own decline
Tokenomics aimed at financing worthless models, rampant hacks, and a lack of real-world utility have played a role in the beleaguered crypto market's decline.
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Mango $100M Attack: How a Whale Swindled a Solana DeFi Favorite
In something of an audacious move, the attacker used their MNGO tokens to vote on their own Mango DAO governance proposal. Whale Targets Mango Days after BNB Chains bridge was...
DeFi Exploit Season: TempleDAO and MangoMarkets Lose Millions in Attacks
Reports are emerging this morning of an attack on the TempleDAO yield farming protocol. The alert came in from blockchain security firm PeckShield on Oct. 11, stating that the attacker…
Value Held by Blockchain Oracles Slides 61% in 7 Months, Chainlink Dominates by 45%
While the crypto economy has shed significant value, losing more than $2 trillion since the highs recorded at the end of 2021, a great deal of value was erased from…
Dappradar’s Q3 Industry Report Shows Crypto Economy and Participants Are ‘Riding Out the Bear Market’
According to Dappradar’s latest crypto industry report that covers 2022’s third quarter, the crypto economy and its participants are “riding out the bear market.” However, these days a number of…
The blue fox: DeFi’s rise and the birth of Metamask Institutional
The popularity of decentralized finance played an integral role in the launch of MetaMask Institutional as companies looked to safely enter the space.
Binance Smart Chain Paused Following $600 Million BNB Hack (Report)
Binance has announced a pause across the entire Binance Smart Chain (BSC or BNB Chain) following what appears to be one of the largest exploits in DeFi history. An attacker…
Bitcoin Defi Protocol Sovryn Gets Hacked for Over $1 Million
Sovryn – a Bitcoin-based decentralized finance protocol – was drained of over $1 million in funds on Tuesday using a price manipulation exploit. The attack allowed the culprit to drain…
Decentralized Web3 Protocol Golden Raises $40 Million Backed by A16z
Golden, a startup that seeks to build a decentralized data hub, has raised $40 million dollars in a Series B funding round. The round, which was led by a16z crypto,…
Decentralized App BCH Bull Prepares for Launch, Platform Allows Users to Long or Hedge Bitcoin Cash Against a Myriad of Tradeable Assets
Just recently the developers behind the Bitcoin Cash-centric project Anyhedge released the alpha version of the Anyhedge Whitelabel and since then, 284 smart contracts were created onchain, and more than…
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