Over $5 million exploited in recent DeFi hacks on Aave and Yearn Finance
As DeFi hacks continue to plague the cryptocurrency industry, PeckShield, blockchain security firm reports that Aave and Yearn Finance are the latest protocols to be targeted by exploiters. Aave’s version 1 was impacted, while versions 2 and 3 remained unaffected. The oldest version has been frozen since December 2022, and the team behind the lending […]
IOSCO prepares crypto regulation report for 2023
The International Organization of Securities Commissions (IOSCO) will initiate a consultation for its regulation report on crypto assets. It is expected to share its vision of stablecoin arrangements, decentralized finance, and “finfluencers.“ The dates are included in IOSCO’s work timetable for 2023 and 2024. The plan of IOSCO’s Fintech Task Force includes two main workflows […]
PancakeSwap Releases Version 3 With New Features
PancakeSwap has unveiled version 3 (V3), an updated version that comes with a number of new features. A well-known decentralized exchange (DEX) that uses the Binance Smart Chain (BSC), PancakeSwap, has announced the release of version 3, which will significantly improve the platform and the user experience. PancakeSwap’s latest version strives to meet the DeFi […]
DeFi Lender Euler Finance drained of $197M in flash loan exploit
According to auditing platform BlockSec, the decentralized finance platform Euler Finance purportedly experienced a $196.9 million exploit. A flash loan assault targeted Euler Financial, which resulted in the loss of DAI stablecoin, WBTC, stETH, and USDC valued at $197 million. To find the attackers, Euler Labs is collaborating with security professionals and law police. The […]
Wrapped Bitcoin supply drops to negative after 11,500 token burn
After the second-largest single-day burn of 11,500 Wrapped Bitcoin (wBTC) on February 27, the supply of wrapped Bitcoin (wBTC) fell to its lowest level since May 2021. 11,500 WBTC worth a total of $260 million were burned, resulting in a negative growth rate for the now-defunct crypto lender Celsius. With a monthly growth rate of […]