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Crypto betting platform Stake has reopened deposits and withdrawals and resumed services for users only five hours after the platform was hacked to the tune of $41.3 million, blockchain security firms estimate.Stake confirmed that all services resumed at 9:28pm UTC time on Sept. 4 — a few hours after the
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In a disheartening turn of events, the decentralized finance (DeFi) protocol Balancer (BAL) confirmed a hack just days after warning about a
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Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.The past week in DeFi saw developers behind Base and Optimism protocols join hands to develop a revenue and governance sharing framework. The
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Kroll, which did not immediately respond to a request for comment from CoinDesk, is a bankruptcy service provider for numerous companies, not just in the crypto sector. Kroll’s website also promotes a cybersecurity consultancy service, involving “elite cyber risk leaders uniquely positioned to deliver end-to-end cyber security services worldwide.” Original Source
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A group of disgruntled cryptocurrency investors have launched a class action against Atomic Wallet, which suffered a major breach and $100 million in losses in June.Dozens of high-net worth investors from Russia and the Commonwealth of Independent States are part of the class action against Atomic Wallet, the German business
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Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.Over two weeks after Curve Finance’s multiple pool exploits, the DeFi protocol has assured the hack victims that it is assessing each impacted
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied RocketSwap Labs has unveiled its strategy for recovering from a forceful hack that seized $865,000 (471 ETH) from the protocol on Aug. 14. The decentralized exchange on Base intends to reintroduce a fresh farming contract and publicly
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Curve Finance, a decentralized finance (DeFi) platform for lending stablecoins, has officially stated its intention to reimburse users who were impacted by the recent breach resulting in a $62 million loss from the system. According to a post by Curve Finance, ongoing investigations are yielding progress, with approximately 79% of the
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Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.The DeFi ecosystem is yet to recover from the crisis brought on by the Curve Finance hack, and even though the issue seems
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied SpiritSwap, a decentralized exchange (DEX) on Fantom, will cease operations from Sep.1, roughly 828 days after launching. The announcement follows the Multichain hack which depleted SpiritSwap’s treasury, making it impossible for the DEX to fund essential
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