# Algodex reveals wallet infiltrated by ‘malicious’ actor as MyAlgo renews warning: Withdraw now

Admin3 years ago06 mins

” Algodex reveals wallet infiltrated by ‘malicious’ actor as MyAlgo renews warning: Withdraw now “ Algorand-based wallet provider MyAlgo has again urged users to withdraw their funds after a February security breach which doesn’t appear to have been resolved. Update: Funds are still being actively drained from MyAlgo users. https://t.co/fzkS9PFkAm pic.twitter.com/cgrWigu2Wn — ZachXBT (@zachxbt) March…

# Wallet tied to Uranium Finance hacker reawakens after 647 days, shifting .3M

# Wallet tied to Uranium Finance hacker reawakens after 647 days, shifting $3.3M

Admin3 years ago07 mins

” Wallet tied to Uranium Finance hacker reawakens after 647 days, shifting $3.3M “ One of the wallets associated with the $50 million exploit of Uranium Finance in April 2021 appears to have awoken after 647 days of dormancy, with funds headed towards crypto mixer Tornado Cash. The sudden move was highlighted on Mar. 7…

# Tornado Cash dev says ‘sequel’ to crypto mixer aims to be regulator-friendly

Admin3 years ago07 mins

” Tornado Cash dev says ‘sequel’ to crypto mixer aims to be regulator-friendly “ A former Tornado Cash developer claims to be building a new crypto mixing service that aims to solve a “critical flaw” of the sanctioned crypto mixer — which he hopes will convince U.S. regulators to reconsider its position on privacy mixers….

# Frax’s shift to a fully backed stablecoin signals the end of DeFi’s algorithmic experiment

Admin3 years ago08 mins

” Frax’s shift to a fully backed stablecoin signals the end of DeFi’s algorithmic experiment “ The Frax community recently approved a proposal to make its FEI stablecoin fully backed by USD equivalents, rather than maintaining a partially backed and semi algorithmic stablecoin. With Frax’s decision, the days of experimentation with algorithmic stablecoins could finally…

# Terraform Labs co-founder Do Kwon gets probed by Singaporean authorities

Admin3 years ago04 mins

” Terraform Labs co-founder Do Kwon gets probed by Singaporean authorities “ Local authorities in Singapore announced they had begun a probe that is connected to Do Kwon’s Terraform Labs. According to a Bloomberg report, Singaporean police sent an email on March 6, which said, “investigations have commenced in relation to Terraform Labs.” The email…

# 7 DeFi protocol hacks in Feb sees million in funds pilfered: DefiLlama

# 7 DeFi protocol hacks in Feb sees $21 million in funds pilfered: DefiLlama

Admin3 years ago011 mins

” 7 DeFi protocol hacks in Feb sees $21 million in funds pilfered: DefiLlama “ Reentrancy, price oracle attacks and exploits across seven protocols caused the decentralized finance (DeFi) space to bleed at least $21 million in crypto in February. According to DeFi-centric data analytics platform DefiLlama, one of the largest in the month was…

# Crypto funding seen shifting from CeFi to DeFi after major collapses: CoinGecko

Admin3 years ago07 mins

” Crypto funding seen shifting from CeFi to DeFi after major collapses: CoinGecko “ Digital asset investment firms poured $2.7 billion into decentralized finance projects in 2022, up 190% from 2021, while investments into centralized finance projects went the other way — falling 73% to $4.3 billion over the same timeframe. The staggering rise in…

# ‘Sorry for spreading a rumor’, says podcaster on Lido’s FUD

Admin3 years ago04 mins

” ‘Sorry for spreading a rumor’, says podcaster on Lido’s FUD “ Co-founder of content studio Bankless David Hoffman apologized for spreading rumors about what he called a “Wells Notice Carpet Bombing” targeting crypto firms, including the decentralized finance protocol Lido Finance. “Carpet bombing” was a reference to an allegedly flood of well notices sent…

# DeFi to be examined at inaugural CFTC tech advisory meeting: Finance Redefined

Admin3 years ago07 mins

” DeFi to be examined at inaugural CFTC tech advisory meeting: Finance Redefined “ Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. DeFi will be in focus during the inaugural Commodity Futures Trading Commission (CFTC) tech advisory…

# Celo president Rene Reinsberg explains why the protocol is optimizing for mobile

Admin3 years ago04 mins

” Celo president Rene Reinsberg explains why the protocol is optimizing for mobile “ On Episode 10 of Cointelegraph’s Hashing It Out podcast, Celo president Rene Reinsberg joins Elisha Owusu Akyaw (GhCryptoGuy) to discuss the regenerative finance (ReFi) movement, which focuses on the building blocks of decentralized finance (DeFi) and the principles of regenerative economics….