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Harvest Finance: $24M Attack Triggers $570M ‘Bank Run’ in Latest DeFi Exploit

An arbitrage trade exploiting weak points in decentralized finance (DeFi) protocol Harvest Finance led to some $24 million in stablecoins being siphoned away from the project’s pools on Monday, according to CoinGecko.According to reports, an attacker used a flash loan – a technique that allows a trader to take on

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Bitcoin’s 8% Drop Triggers Largest Liquidation on BitMEX in 2 Months

Bitcoin fell sharply on Sunday, triggering the highest long-short liquidations on crypto derivatives exchange BitMEX for the past two months. The top crypto by market cap fell by over 8.5% – its biggest single-day drop since March 12, when prices crashed nearly 40%, according to CryptoX’s Bitcoin Price Index. The decline could

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S.Korea Coronavirus Outrage Triggers 1.4 Million-Strong Impeachment Vote

Public anger against the government’s coronavirus response sees a petition for the impeachment of South Korean President Moon Jae-in surpassed 1.4 million votes. The government is under fire after several controversial statements outraged millions of people. This week, the Health and Welfare minister said the biggest cause of coronavirus

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