Defi Attacker Siphons $570,000 From Curve Finance, Crypto Exchange Fixedfloat Freezes 112 Ethereum

Reports indicate that the decentralized finance (defi) protocol Curve was hacked for $570,000 in ethereum after people noticed that Curve’s front end was exploited.

Curve Finance exploit: Experts dissect what went wrong

Attackers that hijacked Curve Finance's landing page moved quickly to convert stolen funds to various tokens through different exchanges, wallets and mixers. Decentralized finance (DeFi) protocols continue to be targeted by hackers, with Curve Finance becoming the latest platform to be compromised after a DNS hijacking incident.The automated market maker warned users not to use the front end of its website on Aug.

Curve Finance: Issue Found And Reverted, CRV Sees 10% Losses

Via their official Twitter handle, the Ethereum-based decentralized finance (DeFi) protocol Curve Finance has confirmed a vulnerability in their nameserver or frontend curve.fi which was successfully reverted.

1inch plugs into Klaytn as Asia continues to climb aboard

The 1inch Network has integrated its aggregation and limit order protocols to the burgeoning Klaytn blockchain mainnet. South Korea's most popular metaverse blockchain Klaytn is set to benefit from deeper liquidity and improved token swaps through a new partnership with decentralized finance (DeFi) protocol 1inch Network.Klaytn has enjoyed success in South Korea as the country continues to see prolific nonfungible token (NFT) and GameFi use.

DeFi market has room for growth in Korea: 1inch co-founder — KBW 2022

1Inch plans to expand into a largely untapped Asian market, but a lack of DeFi knowledge is preventing mass adoption Decentralized-finance (DeFi) aggregator 1inch Network has revealed plans to expand within the Asian market, according to its co-founder Sergej Kunz.Speaking to Cointelegraph during Korean Blockchain Week (KBW) 2022 on Aug.

Finance Redefined: Solana and Nomad bridge fall prey to exploits losing millions

The top 100 DeFi tokens had a mixed price action over the past week, with many seeing a downturn after some bullish action last week. 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.This past week, the DeFi ecosystem saw two exploits, one after another, resulting in the loss of millions of dollars.

Decentralized finance faces multiple barriers to mainstream adoption

While it may be one of the most popular sectors within the crypto market, decentralized finance still has barriers to overcome before reaching mass adoption. Decentralized finance (DeFi) is a growing market popular with experienced crypto users.

Value Locked in Defi Stalls Before Reaching the $100 Billion Mark, Cross-Chain Bridge Statistics Crater

During the last few weeks, the total value locked (TVL) in decentralized finance (defi) has come awfully close to reaching the $100 billion mark again, but it fell short this week.

Aave devs propose freezing Fantom integration, citing lack of traction and potential vulnerability

The Fantom market on Aave v3 adds just $30 each day to the DeFi protocol's treasury; developers are also concerned that the integration creates security risks. On Tuesday, Marc Zeller, integration lead at decentralized finance (DeFi) borrowing and lending protocol Aave, proposed to freeze the platform's v3 Fantom market.

Nomad token bridge drained of $190M in funds in security exploit

Hundreds of potential exploiters appear to have drained all of the bridge’s $190 million in TVL in just a matter of hours. The Nomad token bridge appears to have experienced a security exploit that has allowed hackers to systematically drain the bridge’s funds over a long series of transactions.Nearly the entire $190.7 million in crypto has been removed from the bridge, with only $651.54 left remaining in the wallet, according to decentralized finance (DeFi) tracking platform DeFi Llama.Nomad bridge is getting drained, your funds might be at risk and might be able to still withdraw the remaining funds ⚠️ https://t.co/RgYmjSV9eB— stani.lens (,) (@StaniKulechov) August 1, 2022 The first suspicious transaction, which may have been the genesis of the ongoing exploit, came at 9:32pm UTC when someone managed to remove 100 Wrapped Bitcoin (WBTC) worth about $2.3 million tokens from the bridge.

Is AAVE in a position to GHO-st to the top after a strong July

On 7 July, leading Decentralized Finance (DeFi) protocol AAVE announced plans to launch the network’s overcollateralized stablecoin - GHO.

Overlooked DeFi Altcoin Skyrockets Over 720% in a Week Ahead of Project’s Anticipated New Update

An altcoin from the decentralized finance (DeFi) sector has outperformed the entire crypto market by a large margin over the past seven days as the project gears up for its next phase.

This Decentralized Exchange Is Now Competing With Curve (CRV) To Be DeFi’s Top DEX: Analytics Firm IntoTheBlock

IntoTheBlock says one decentralized exchange (DEX) is now competing with Curve’s (CRV) dominance over the decentralized finance (DeFi) space.

Finance Redefined: DeFi’s downturn deepens, but protocols with revenue could thrive

The majority of the top 100 DeFi tokens traded in green, with many registering double-digit gains over the past week. Welcome to Finance Redefined, your weekly dose of key decentralized finance (DeFi) insights — a newsletter crafted to bring you some of the major developments over the last week.This past week, the DeFi ecosystem saw several new developments related to the DeFi lending crisis as Celsius filed for bankruptcy.

Defi TVL and Smart Contract Platform Tokens Swell in Value With ETH, ETC Leading the Pack

The top smart contract platform tokens by market capitalization and the total value locked (TVL) in decentralized finance (defi) have swelled significantly in value during the last few days.

'The market is acting this way because there is no regulation' says Skale Labs' Konstantin Kladko

According to Kladko, a combination of naive investor protection mechanisms and lack of market regulation led to the recent DeFi "supercrash." The recent cryptocurrency bear market has uprooted decentralized finance (DeFi) and centralized finance (CeFi) projects in the crypto space.

Gamers plug into DeFi through the new Razer rewards partnership

Razer’s rewards program is partnering with Cake DeFi to allow gamers and customers to redeem points for DeFi tokens. Gamers and customers of IT and gaming hardware firm Razer are set to plug into the world of decentralized finance (DeFi) through a new rewards swap program in partnership with Cake DeFi.Razer remains a household favorite brand for gamers around the world, with its Razer Gold rewards program allowing gamers to earn and redeem Razer Silver points for a variety of hardware and digital rewards, including Steam games and discount vouchers.Cake DeFi has teamed up with the rewards program from Razer to enable customers the ability to convert Razer Silver points into Cake DeFi vouchers.

Aave taps Pocket Network to beef up decentralized app development

Aave will leverage Pocket's distributed network of 44,000 nodes to access on-chain data from various blockchains. Aave (AAVE), an open source decentralized finance (DeFi) protocol, is teaming up with decentralized Web3 infrastructure provider Pocket Network to offer developers increased scalability and ease of use when building decentralized applications (DApps) on the Aave Protocol.According to the statement on Tuesday, Aave will use Pocket's distributed network of more than 44,000 nodes to access on-chain data from various blockchains to power decentralized applications.

Top Ethereum Whales Pile Into Compound (COMP), Synthetix (SNX) and Two More DeFi Altcoins As Markets Jump

The biggest Ethereum (ETH) whales in the world are eyeing up several altcoins within the decentralized finance (DeFi) sector as crypto markets turn green.

One Ethereum Rival Tripled Its Share of Total Value Locked Across DeFi After Terra (LUNA) Implosion: New Study

A new report from crypto ranking platform CoinGecko is shedding light on one Ethereum (ETH) rival that tripled its share of total value locked (TVL) in the decentralized finance (DeFi) sector after the collapse of the Terra (LUNA) ecosystem.

What did Q2 have in store for DeFi's market performance

In a newly published report, leading crypto-assets data provider CoinGecko found that the Decentralized Finance (DeFi) ecosystem registered a 76% decrease in market capitalization over the last quarteThe post What did Q2 have in store for DeFi's market performance appeared first on AMBCrypto.

Finance Redefined: DeFi market fell off the cliff in Q2, but there’s hope

Analytical data reveals that DeFi’s total value locked registered a minor dip from the past week, falling to a value of $56.45 billion. Welcome to Finance Redefined, your weekly dose of key decentralized finance (DeFi) insights, a newsletter crafted to bring you some of the major developments over the last week.This past week, the DeFi ecosystem saw several new developments despite a bearish phase brought on by the lending crisis in the crypto market.

DeFi for financial services: Alex Tapscott’s ‘Digital Asset Revolution’

Alex Tapscott’s new book breaks down key DeFi concepts for business leaders. Decentralized finance (DeFi) has massive potential to transform traditional financial services.

DeFi market fell off cliff in Q2 but users haven't given up hope: Report

While on-chain activity slowed down, the DeFi industry has managed to retain most of its daily active users. Despite the decentralized finance (DeFi) market suffering a 74.6% market cap decline in Q2, user activity has remained relatively resilient, says CoinGecko. In a report published by the crypto data aggregator on July 13th, CoinGecko reported that the overall DeFi market cap fell from $142 million to $36 million over the second quarter, due mainly to the collapse of Terra and its stablecoin TerraUSD (UST) in May.

ECB Calls for Urgent Regulation of Stablecoins and Defi, Won’t Rule Out Bitcoin Mining Ban

A new report by the European Central Bank (ECB), presented as a “deep dive into crypto financial risks,” calls for “appropriate” regulation and oversight of stablecoins and decentralized finance (defi).

Coin Bureau May Add ‘Amazing’ Ethereum-Based Altcoin to Portfolio, Assesses State of Bitcoin Bear Market

A popular crypto analyst is considering one decentralized finance (DeFi) altcoin project as the bear market continues.

Tron's TVL tale has these tips for positional TRX traders

In the face of hacks, exploits, and a general market downturn, the year so far has been tumultuous for decentralized finance (DeFi) and the players within the ecosystem. According to data from DeFiThe post Tron's TVL tale has these tips for positional TRX traders appeared first on AMBCrypto.