DeFi protocol token NFD crashes by 99% after a flash loan attack
Flash loans allow users to borrow a high amount of assets without having to provide any upfront collateral, this is often used by miscreants to launch attacks on DeFi protocols.
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Singapore authorities approve probe of 3AC on behalf of liquidators: Report
Liquidator Teneo has recovered only a miniscule portion of the Singapore-based Three Arrows Capital so far, while cofounder Zhu has allegedly tried to sell property there.
Maven 11 launches $30M lending pool on Maple as borrowers turn to DeFi
With liquidity drying up in the wake of CeFi contagion, borrowers are turning to decentralized finance for their credit needs.
Borrowing to buy Bitcoin: Is it ever worth the risk?
Borrowing to buy crypto has often been advocated for by various influencers, but the consequences may be dire.
100-Year-Old Pennsylvania-Based Bank Approved to Leverage Makerdao’s Stablecoin Vault
Makerdao, the decentralized autonomous organization (DAO) that issues the stablecoin DAI, approved a governance proposal that provides “collateral integration from a U.S.-based bank.” The Makerdao governance proposal passed by a…
Tether liquidates Celsius position with ‘no losses’ to stablecoin issuer
The stablecoin issuer has once again explained that its investment in Celsius has no impact on its USDT reserves.
Nifty News: Total BAYC thefts crack $18.5 million, “Ape Now, Pay Later” loans come for NFTs and more
The total value of stolen BAYC NFTs has cracked $18.5 million, BNPL comes for NFT buyers and Australia makes big moves in the non-fungible space.
Celsius pays down 143M in DAI loans since July 1
The crypto lender’s liquidation price on its Bitcoin loan has dropped to less than $5,000, according to DeFi industry data.
TSX-Listed Voyager Digital ‘Temporarily’ Suspends Trading, Deposits, and Withdrawals
After the TSX-listed Voyager Digital revealed that it was owed $655 million from Three Arrows Capital (3AC), the company secured a $500 million credit line from Alameda Ventures in order…
Voyager Digital freezes trading, deposits, withdrawals and rewards, blames 3AC default
The cryptocurrency exchange filed a notice of default to Singapore-based Three Arrows Capital earlier in the week, but promised it would continue operations.