DeFi Protocol Sturdy Finance Sees $800K Hack
Decentralized finance (DeFi) protocol Sturdy Finance lost 442 Ether worth nearly $800,000 due to a vulnerability that ultimately allowed the exploiter to manipulate a flawed price oracle and drain funds from the protocol. PeckShield, a blockchain security company, alerted Sturdy Finance on June 12 about a transaction that appeared to be related to price manipulation. […]
Exodus Wallet Boosts Profitability In Q1 2023
Exodus Wallet has released its Q1 2023 financial results, revealing a decline in revenue but a boost in adjusted EBITDA due to increased transactions and disciplined spending. The company also launched its dApp browser in Exodus Mobile, enabling users to access Web3 features from their mobile devices. Exodus reported a revenue of $19.4 million in […]
Circle to Integrate Native USDC on Arbitrum Blockchain
Circle will introduce USDC natively on the Arbitrum blockchain. This step is expected to enhance transaction speed and affordability, fostering innovation in the DeFi ecosystem. In a recent announcement, Circle revealed plans to natively launch the US Dollar Coin (USDC) official version on the Arbitrum network. This move is part of a strategic collaboration with […]
FBI warns about cybercriminals using DeFi as a target
The enforcement agency (FBI) highlighted smart contracts managing DeFi systems as a specific source of worry. In light of the $1.6 billion in exploits planned for 2022 against decentralized finance (DeFi) networks, the US Federal Bureau of Investigation (FBI) has issued a new warning to investors in these platforms. In a public service notice posted […]
FTX US may buy BlockFi for $15M.
A recent report claims that the $15 million base price of the purchase deal between BlockFi and FTX.US might increase depending on performance. According to reports, leading cryptocurrency exchange FTX.US has been in discussions to buy BlockFi for as low as $15 million, less than the previously projected $240 million price tag. Performance-based BlockFi acquisition […]