A Deep Dive into DeFi’s Flash Loan Attacks
DeFi’s open and transparent services have transformed finance and introduced risks like flash loan attacks, which threaten this growing industry. While they are legitimate financial instruments, flash loans have been exploited in ways that expose vulnerabilities in DeFi protocols. This article discusses how flash loans work, the nature of flash loan attacks, notable incidents, and […]
Kraken Recovers $3M from Certik Following Bounty Fiasco
Nick Percoco, Kraken’s chief security officer, said the Crypto exchange recovered the money stolen due to a technological fault. Percoco said on X on June 20 that the exchange had successfully recovered the monies. The security research firm engaged in the incident was named Certik in previous disclosures, albeit the Kraken CSO did not specify […]
Bitcoin Network Surpasses Ronin in All-time NFTs Sale
According to data from CryptoSlam, the Bitcoin network has surpassed the Ronin blockchain in the all-time sale ranking of nonfungible tokens (NFTs). On June 18, CryptoSlam, an NFT data tracker, revealed that Bitcoin-based NFTs had achieved an all-time sales volume of $4,271,928,280. This surpasses the Ronin blockchain’s record of $4,271,675,550, propelling Bitcoin into the top […]
From Vaults to Strategies:Yield Farming in DeFi Asset Management
Assess the intricacies of yield farming, its role in DeFi asset management, and the strategies investors can employ to optimize returns. Yield farming in DeFi asset management has become an increasingly popular strategy among investors seeking higher returns in decentralized finance. By leveraging various protocols and techniques, yield farmers can earn passive income by providing […]
Hidden Road Partners with Bitfinex After Bybit KYC Issues
Shortly after severing connections with Bybit, the brokerage business Hidden Road, sponsored by Citadel Securities, has teamed up with Bitfinex. Institutional investors that use Hidden Road, a premier brokerage firm supported by Citadel Securities, will now have access to cryptocurrency through Bitfinex. The cryptocurrency exchange announced that Hidden Road’s “extensive institutional investor base” will have […]