DeFi Platforms Aerodrome, Velodrome Face Front-end Hacks
On November 28, the decentralized finance (DeFi) platforms Aerodrome and Velodrome experienced front-end hacks on both platforms and took to social media to warn users. Both platforms issued statements on X (previously Twitter) that their user interfaces had been compromised and requested that users refrain from interacting with the platforms during the ongoing investigation. Approximately […]
THORChain Becomes Third Largest DEX
Among decentralized exchanges, THORChain’s $1.32 billion in transaction volume over the past week was second only to Uniswap and PancakeSwap. In the past week, the native asset settlement protocol THORChain has ranked third among non-centralized exchanges regarding trading volume. Users appear drawn to the high yield close to its native token. DefiLlama reports that THORChain’s […]
Polygon Develops ETH POL Token Contract to Substitute MATIC
The team transferred the POL token contract to the Ethereum network, eventually paving the way for it to substitute MATIC. Polygon Labs announced on October 25 the launch of the Ethereum contract for the new Polygon token, POL. The new token is intended to substitute the current token of the ecosystem, MATIC. However, the team […]
DeFi Protocol Hope Lend Loses all 526 ETH After Attack
Hope Lend Ethereum decentralized finance (DeFi) protocol has almost no assets remaining as all 526 Ether in total value locked was emptied in an attack on Oct. 18. According to multiple blockchain security firms, on October 18, two individuals stole from Hope Lend a total of 526 Ether worth $825,357 at publication: a forerunner who […]
DeFi Platform Platypus Loses $2.2M in Flash Loan Exploit
Platypus, a protocol for decentralized financing (DeFi), has lost over $2 million in assets due to a recent flash loan exploit on its platform, this marks its third exploits in 2023. According to the blockchain security platform CertiK, the DeFi platform was subject to three intrusions, with $2.23 million stolen. On October 12, the first […]