Cryptocurrency Analysis and News Portal
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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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied On Aug. 9, blockchain security firm PeckShield exposed fresh vulnerabilities across multiple decentralized finance (defi) projects. Aave’s Earning Farm, which supports Ethereum (ETH), Wrapped Bitcoin (wBTC), and USDC, was a target and reportedly lost approximately $287,000 in
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Aside from questions about Lichtenstein’s competence, the circumstances of the confession remain murky. The U.S. Department of Justice did not charge Morgan and Lichtenstein, who Morgan sometimes affectionately referred to as “Dutchie,” with the hack itself, only with attempts to launder the stolen funds. Source
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The exploited protocols offered a 10% bounty Thursday for returning the rest of the assets until the end f this week. Original Source
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Decentralized finance (DeFi) platforms Curve, Metronome and Alchemix have jointly announced an initiative to recover stolen funds from the recent exploits of Curve’s pools.According to on-chain data, the protocols are offering a 10% bounty of the stolen funds as a reward, urging those responsible for the exploit to step forward
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied An official update on July 26 reveals that CoinsPaid, an Estonia-based crypto payment provider, was hacked and lost $37.3 million on July 22. CoinsPaid is pointing fingers at the Lazarus Group, a notorious hacker organization known for targeting high-profile
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Cryptocurrency payments platform CoinsPaid has pointed the finger at North Korean state-backed Lazarus Group as being behind the hacking of its internal systems, which allowed them to steal $37.3 million on July 22.“We suspect Lazarus Group, one of the most powerful hacker organisations, is responsible,” CoinsPaid explained in a July
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The alleged Alphapo payments provider hack of July 23 is now estimated to have caused losses exceeding $60 million, according to a July 25 report from on-chain sleuth ZachXBT. The loss was previously reported at roughly $31 million.Hack update: An additional $37M stolen on TRON & BTC from this hack
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The pair will forfeit the proceeds from nearly 120,000 bitcoins they allegedly laundered from the hacked crypto exchange. Original Source
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