Platypus Finance develops compensation platform for users
Platypus Finance, a DeFi protocol, has built a portal that allows users to see how much the platform owes them following the recent $9.1 million hack. On February 16, the DeFi protocol was attacked with a flash loan, causing the Platypus USD (USP) stablecoin to decouple from the US currency. At the time, Platypus disclosed […]
Hope Finance loses $2M in recent exploit
Arbitrum-based decentralized finance (DeFi) project Hope Finance has lost users’ funds worth about $2 million as a result of a recent smart contract exploit. On February 21, the issue was reported by Web3 security company CertiK in response to a tweet from the Hope Finance account warning customers of the fraud. It is challenging to […]
DeFi protocol phases out months after Rari Fuse breach
The native token of the DeFi protocol, BABL, experienced a new all-time low of $0.23 after the founder declared that the company is ceasing operations. After months of attempting to regain momentum following the Rari Fuse exploit, Babylon Finance , a decentralized finance (DeFi) protocol, has finally declared that it will shut down. Despite the […]