$110 Million Stolen From DeFi Protocols BonqDAO and AllianceBlock
Self-sovereign financial services provider BonqDAO has been exploited through an oracle hack leading to the theft of $110 million in crypto from the protocol.
Dapp Industry Report 2022
What a year it has been! 2022 will always be mentioned as a milestone when looking back at the growth of Web3 and the dapp industry. 2023 will be even more exciting!
Regulatory Action Against Mango Markets Exploiter is a Win for DeFi — Moody’s
Recent charges brought against Mango Markets exploiter Avraham Eisenberg will have a positive impact on the decentralized finance (DeFi) space, according to credit rating firm Moody’s. In a Jan. 31 note from Moody’s Investor Service, AVP of decentralized finance Cristiano Ventricelli stated that enforcement actions brought by the two leading U.S. market regulators in January mean that DeFi is moving towards a “safer and more welcoming environment.” “The fact that both the SEC and CFTC took action against market manipulation by an alleged rogue trader is a credit positive for the industry as a whole. (Cointelegraph)
AllianceBlock Hacked for $12M
The biggest news in the cryptoverse for Feb. 1 saw DeFi platform AllianceBlock fall victim to a $12 million exploit. Meanwhile, the decentralized social media project Nostr has launched a mobile app called Damus. Plus, FTX has published a financial update that contradicts court filings, former FTX CEO Sam Bankman-Fried has been barred from using Signal and communicating with FTX associates, and the Shredded Apes NFT project has become the victim of theft. Plus, comments from CoinShares and M13 Capital. (cryptoslate)
2022 Biggest Year Ever for Crypto Hacking With $3.8 Billion Stolen, Primarily From DeFi Protocols and by North Korea-Linked Attackers
2022 was the biggest year ever for crypto hacking, with $3.8 billion stolen from cryptocurrency businesses.
How Market Makers Work: AMM and PMM
The understanding of how market makers work and how liquidity is generated helps users to make more profitable swaps and discover new opportunities in DeFi.
Crypto Hackers Stole Record US$3.8 Bln in 2022, Mostly From DeFi and Cross-Chain Bridges: Chainalysis
Hackers stole at least US$3.8 billion in cryptocurrencies throughout 2022, a record-breaking year for crypto heists, blockchain forensics firm Chainalysis reported on Wednesday.
DeFi Startup TheADA Sets to Boost Accessibility to NFT Staking
TheADA, a DeFi startup seeking to build a decentralized and scalable protocol for NFT staking, revealed it is on a relentless mission to make NFT staking available to everyone.
DeFi Marketplace Archimedes Raises $4.9M in Seed Round Led by Hack VC
Archimedes, a decentralized finance (DeFi) lending and borrowing marketplace that is launching this month, has secured another round of funding, the company said in a statement Wednesday.
