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” Crypto funding shifts from CeFi to DeFi after major collapses: 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 has become a prominent choice for investors after multiple centralized finance (CeFi) collapses throughout…
” Hedera confirms exploit on mainnet led to theft of service tokens “ Hedera, the team behind distributed ledger Hedera Hashgraph, has confirmed a smart contract exploit on the Hedera Mainnet that has led to the theft of several liquidity pool tokens. Hedera said the attacker targeted liquidity pool tokens on decentralized exchanges (DEXs) that…
” Hacker returns stolen funds to Tender.fi, gets $97K bounty reward “ The hacker behind the exploit of the decentralized finance lending platform Tender.fi has returned the stolen funds for a $97,000 bounty reward in Ether (ETH). The exploit was executed at 10:28 am UTC on March 7, with Tender.fi confirming the incident on Twitter…
” DeFi lender Tender.fi suffers exploit, white hat hacker suspected “ An alleged ethical hacker has drained $1.59 million from the decentralized finance (DeFi) lending platform Tender.fi, leading the service to halt borrowing while it attempts to recoup its assets. Web3-focused smart contract auditor CertiK and blockchain analyst Lookonchain flagged an exploit that saw funds…
” 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 $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…
” 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…
” 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…
” BitKeep remains on track to fully compensate victims of $8M APK exploit “ According to an official Telegram statement on March 1, Singaporean cross-chain crypto wallet developer BitKeep says it has reimbursed 50% of user assets lost during a security breach stemming from Dec. 26, 2022. On the date of the incident, an estimated…
” Notorious Monkey Drainer crypto scammer says they’re ‘shutting down’ “ The cryptocurrency phishing scammer behind some of the most high-profile and high-value Web3 thefts is claiming to have packed up shop and is “moving on to something better.” The scammer by the pseudonym Monkey Drainer posted to their Telegram channel on Mar. 1 that…