Synthetix & Kwenta launch DeFi Protocols on Arbitrum
Synthetix launched its v3 liquidity platform on Arbitrum, an Ethereum layer-2, following a governance upheaval at the decentralized finance (DeFi) protocol. Synthetix announced that Kwenta, a perpetuals exchange, will be the inaugural DeFi protocol on Arbitrum to utilize Synthetix’s v3 liquidity infrastructure. Synthetix announce Kwenta launch on Arbitrum Synthetix, a company that specializes in providing […]
Radiant Capital Hacker Moves $52M in Stolen Funds
A hacker in the Radiant Capital DeFi attack transferred about $52M from Arbitrum and Binance’s BNB Chain to Ethereum. It is probable that the hacker who was responsible for the recent loss from the decentralized finance (DeFi) protocol Radiant Capital has migrated almost all of the stolen funds from layer-2 protocols to Ethereum in an […]
Radiant Capital Halts Lending after Exploit
Radiant Capital’s lending protocol on BNB Chain and Arbitrum was hacked, with $50–58 million stolen by exploiting a vulnerability in the ‘transferFrom’ function. The cross-chain lending protocol experienced a cybersecurity compromise on BNB Chain and Arbitrum that was estimated to be worth more than fifty million dollars, according to Radiant Capital and two cybersecurity experts. […]
Paxos Launches Yield-Bearing Stablecoin on Arbitrum
The yield-bearing stablecoin Lift Dollar from Paxos International has been introduced on the Ethereum layer-2 network Arbitrum. On October 9, the Financial Services Regulatory Authority of Abu Dhabi stated that Lift Dollar (USDL) would expand to Arbitrum. Lift Dollar is a subsidiary of Paxos based in the United Arab Emirates. Only a few weeks have […]
Circle Integrates Arbitrum to Web3 platform
Arbitrum, a layer-2 scaling chain, has been integrated into the Web3 infrastructure platform of Circle Internet Financial, as noted in a blog post on September 12. The blog post stated that the Web3 platform introduces USDC-centric programmable wallets, smart contract infrastructure, and gas-fee abstraction to Arbitrum. Arbitrum is the highest layer 2 in Ethereum, with […]