Poly Network hacker refuses bounty and returns nearly all funds
Still, on the largest DeFi hack story, the hacker has stated that Poly Network offered him a bounty but he has not responded and instead will send back all of their money. The hacker who stole $610 million from the Poly Network cross-chain decentralized finance (DeFi) protocol has returned virtually all of the funds, claiming […]
DAO Maker protocol platform loses $7M in latest DeFi exploit
Dao Maker, a crowdfunding platform was hacked, CipherBlade is conducting an investigation into the hack and has identified a Binance account associated with the attacker. Hackers have taken funds from more than 5,000 user accounts on the DAO Maker crowdfunding website, which is used to raise financing for crypto projects. Hackers were able to withdraw […]
Binance CEO gives his take on the largest DeFi hack
As earlier reported today, PolyNetwork interoperability protocol was hacked, at least $600.3 million in stolen funds has been made off by the hackers, Binance CEO has given his take on the issue. On the interoperable Poly Network today, the cryptocurrency community saw the largest decentralized finance (DeFi) heist. A total of $610 million was stolen […]
Tokens on the DeFi Exchange increases by more than 10% on Ethereum
Over the last 24 hours, DGovernance tokens behind top decentralised exchanges Uniswap, SushiSwap, and 1inch Exchange have all seen significant gains, while tokens of the DeFi Exchange have increased by more than 10% on Ethereum. DEXes , or decentralised exchanges, are essential components of the cryptocurrency sector. They do away with the middlemen that centralised […]
Decentralization is the only thing that will save DeFi projects, asserts SEC commissioner
Commissioner Pierce of the Securities and Exchange Commission believes that the only way for DeFi founders to avoid financial regulation is to ensure complete decentralization from the start. In a recent blog post, Hester Pierce of the Securities and Exchange Commission of the United States , also known as “Crypto Mom,” expressed concern about widespread […]