Launch Zone suspends trading, native token transfers
Launch Zone has stopped trading and transferring of its native token LZ until further notice after hack drains 80% of the liquidity pool. Launch Zone, a DeFi protocol, was compromised on February 27 by a DND exploiter, which caused a catastrophic decline in the value of its native token LZ. The protocol initially issued a […]
LFi: A Decentralized Platform for Financial Independence
Financial independence is a crucial aspect of life and should be accessible to everyone, regardless of their wealth, experience, or location. The traditional financial system often falls short in providing accessible and transparent financial opportunities, which is why a new financial ecosystem has emerged – the decentralized finance (DeFi) space. LFi stands for Layered Financial […]
Platypus Finance Suffers $9M Hack On Avalanche
The DeFi application, Platypus Finance was the target of a $9 million attack according to the blockchain security firm CertiK. According to the report, a hacker took advantage of a feature in one of Platypus’ smart contracts by using flash loans on the Avalanche (AVAX) blockchain. Stablecoins worth $44 million were added to the application […]
DForce verifies return of $3.65 Million to their vaults
The exploited funds have been returned to to Optimism and Arbitrum vaults, according to DForce, a decentralized financial system. In a hacking attempt three days ago, users of the DeFi protocol lost money on Optimism and Arbitrum. On February 13, the dForce network experienced a security compromise, according to onchain security company Peckshield. DForce lost […]
Lido Intends To Create Protocol Withdrawals
As the Ethereum community gets ready for the predicted Shanghai hard fork, the Lido development team has announced plans to create an in-protocol withdrawal option. The team is seeking community feedback on the withdrawal plan that will be put into place after the Shanghai renovation is complete. In terms of the total value locked, Lido, […]