Skyward Finance Exploit Results In $3M Loss
According to reports, the hacker removed 1.1 million NEAR tokens from Skyward finance, which were worth $3 million at the time of publication. According to reports, 1.1 million Near Protocol (NEAR $3.04) tokens—worth an estimated $3 at the time of publication—have apparently been stolen from Skyward Finance an initial DEX offering (IDO) platform that enables […]
BIS Will Test DeFi Implementation In Forex CBDC Markets
BIS will test DeFi, it’s automated market making technology might be the ” basis for a new generation of financial infrastructure.” The Bank of International Settlement, or BIS, will launch a new effort dubbed “Project Mariana” in its investigation of blockchain technology, along with the central banks of France, Singapore, and Switzerland, according to a […]
BNB Chain DeFi Ecosystem Has Nearly Fully Recovered
BNB Chain DeFi ecosystem almost recovers. In terms of DeFi, BNB Chain saw a 93% decline from Q3 of 2021 but has since seen steady improvement. Parts of the crypto ecosystem began to show signs of recovery in the third quarter of 2022 after a year of battling market bears. Decentralized finance (DeFi) and crypto […]
Team Finance Hacker Returns $7M To Projects After Exploit
The hacker who was responsible for the $14.5 million Team Finance attack. The individual intends to keep a 10% bounty of the stolen funds. The attacker indicated over the weekend in a string of messages that they would retain 10% of the stolen funds as a bounty and give the remaining tokens back to the […]
DeFi glossary: Most popular terms you should know in DeFi
DeFi is redefining the standards of what we anticipate from finance, and for beginners, grasping the entire lexicon of DeFi terms may be rather difficult. To make it easier, we have simplified them down into simple terms. What is DeFi? DeFi is a developing industry that enables participants to conduct financial transactions without using a […]