Mango Markets hacker feigns Curve short attack to exploit Aave
It appears that shorting of CRV tokens was a distraction shot to exploit a sophisticated loophole on DeFi platform Aave. Tokens of decentralized exchange Curve Finance (CRV) appear to have experienced a significant short-seller attack, as stated by analysts at Lookonchain on Nov. 22. According to Lookonchain, Avraham Eisenberg’s Mango Markets exploiter ponzishorter.eth swapped 40 […]
DeFi Protocols Surge in Popularity Amidst Ether Outflows
After Sam Bankman-FTX Fried’s exchange failed, more and more crypto traders are turning to decentralized finance (DeFi) protocols. This is because Ethereum tokens are leaving big centralized crypto exchanges like Binance and OKX. Decentralized finance (DeFi) protocols are becoming more and more popular at the same time that there are more and more signs that […]
Best 7 projects on the BNB smart chain
BNB Chain, formerly known as Binance Smart Chain, has secured its place as the third most popular DeFi ecosystem, with about $12 billion in assets held in its most successful DeFi protocols, during the past year. BNB Chain is a combination of Binance Chain and Binance Smart Chain; it now stands for “Build and Build” […]
DeFi Criticized For Restricting User Access
Entrepreneur Brad Mills criticized DeFi for denying users access to decentralized exchanges based on location and wallet content. DeFi is criticized for refusing access to users depending on wallet content Although some argue that restricting users access to decentralized exchanges based on their wallets is a retrograde step, decentralized finance (DeFi) is anticipated to be […]
How to profit from the upcoming Aptos season
After Aptos’ mainnet launch and massive airdrop last month, several new applications are launching on the blockchain, and have hinted at their future airdrops. New network deployments in cryptocurrency are frequently followed by airdrop seasons. These “seasons” are times when all new projects that have successfully developed applications on the network’s testnet prepare to launch […]