The attacker who exploited bZx for $8.1 million on September 13th has been indentified and has returned the money that they exploited the platform for.
Police raided the Gate.IO digital currency exchange in regard to their recent listing of the DeFi token "Kimchi" after investors reported severe losses.
The DeFi lending/borrowing platform bZx was exploited for $8.1 million on September 13th, 2020. This is the third time this year that bZx has been exploited
Sushi Token founder Chef Nomi has returned the 38,000 ETH he previously liquidated in what many believed was an exit scam.
Congestion on Ethereum has yet again led to high transaction fees and inconsistent confirmation times that can be deemed as unacceptable in the history of commerce.
Digital currency trading markets are on fire for Ethereum token trading in the new “DeFi” space while network congestion has ETH gas fees in the range of hundreds of dollars, Kurt Wuckrt Jr. writes.
The total value locked in DeFi platforms has exceeded $6 billion and has opened a can of worms for the Ethereum network and its supporters.
The YAM token was supposed to keep parity with the U.S. dollar as well as be used for on-chain governance.
The Opyn attacker had a strong understanding of the protocol and the functions that could be used to interact with the protocol, report finds.
There has been a total of six DeFi exploits that have happened so far in 2020, resulting in tens of millions of dollars worth of digital currency lost.
The hacker had an in-depth understanding of several DeFi platforms, using their knowledge to conduct a hack with several moving parts.