Finance Redefined: Axie Infinity’s Ronin bridge faces worst hack, Binance launches Bridge 2.0 and more
In this week's DeFi newsletter, we discuss Axie Inifnity's Ronin bridge hack, Binance's new Bridge 2.0 launch, the rise in DeFi TVL and more.
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Netflix‘s crypto swindler documentary draws wild community reaction
Viewers of the documentary, especially those aware of the whole saga, resonated with the conspiracy theory about the founder faking his death.
Axie Infinity’s Ronin bridge hacked for over $600M
"We are in touch with security teams at major exchanges and will be reaching out to all in the coming days," said the team at Ronin.
Marvel NFT partner Veve closes its marketplace after an in-app token exploit
Twitter users have complained that the exploit has resulted in a sharp decline in the price of their Digital collectibles over the past week.
‘Unlucky’: Agave and Hundred Finance DeFi protocols exploited for $11M
Agave and Hundred Finance have paused operations whilst investigations continue into the exploit.
Deus Finance exploit: Hackers get away with $3M worth of DAI and Ether
Deus Finance had acknowledged the exploit on its lending contract and the CEO of the firm was quick to come up with a reimbursement plan.
Journalist alleges Mimo Capital co-founder was behind 2016 exploit of The Dao: Report
"This is yet another example of evidence preserved on the blockchain forever,” said Chainalysis.
OpenSea planned upgrade stalls as phishing attack targets NFT migration
OpenSea announced a new smart contract upgrade with a one-week deadline yesterday. However, the urgency and short deadline opened up a small window of opportunity for hackers.
Multichain recovers $2.6M stolen funds, to reimburse losses on condition
The cross-chain router protocol recovered nearly 50% of the total stolen funds and devised a compensation plan for eligible investors.
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