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RocketX ensures the API comes equipped with robust Anti-Money Laundering (AML) protocols, ensuring that multi-chain asset swaps occur in a compliant manner. RocketX has unveiled the beta phase of its developer application programming interface (API), streamlining the deployment of multichain decentralized applications (dApps) across any blockchain. According to a press release shared
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The Kyber Network team has confirmed the incident, urging users to promptly withdraw their funds. Decentralized exchange protocol KyberSwap has allegedly suffered a hacker attack as more than $45 million worth of crypto has been drained from the project across multiple networks. đ¨Urgentđ¨Dear KyberSwap Elastic Users,We regret to inform you that KyberSwap
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While many participants in the crypto space continue to advocate for only a single blockchain, some believe that the future will be made up of multiple blockchains working together. From Toronto in 2017 to now, weâve taken #RippleSwell around the world. I closed out this yearâs event with a fireside chat
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Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights â a newsletter crafted to bring you the most significant developments from the past week.The exploiter behind the $116-million theft of assets from Mango Markets will face trial in April next year after the accused convinced the
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Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights â a newsletter crafted to bring you the most significant developments from the past week.A trader managed to exploit the brief opening of the Multichain cross-chain bridge, which was frozen since its exploit in July 2023, allowing
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Hacked cross-chain protocol Multichain has confirmed some transactions, and its backlog of queued transactions has declined to only a single transaction, according to data from Multichain's explorer tool. Blockchain data confirms that some of the transactions have been confirmed on the destination chain, while others show as confirmed in the
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Security firm PeckShield says the exploiter has transferred the stolen funds to the MEXC crypto exchange. Multichain stableswap protocol Beluga has become the latest victim in a number of cyber attacks against decentralized finance (defi) projects. According to PeckShield, the protocol has been exploited on Arbitrum, losing a total of 113 ETH
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Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights â 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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Multichain wallet Exodus has released its financial results for the second quarter of 2023, disclosing revenue of $12.4 million, a 4% decrease year-over-year. Net income amounted to $1.9 million.According to Exodus, its exchange aggregation business accounted for the majority of total revenue in the quarter, totaling $11.6 million. Fiat onboarding
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On July 14, developers of the $1.5-billion Chinese cross-chain protocol Multichain confirmed usersâ worst fears. The protocolâs CEO, identified only as âZhaojun He,â was arrested by Chinese authorities in Kunming on May 21 after months of repeated denials on official communication channels. Also allegedly arrested was Multichainâs core team, which
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