The money stolen in DeFi hacks continues to grow as decentralized Finance (DeFi) aggregator Yearn Finance has become the latest victim of an $11.6 million flash loan attack involving Aave protocol.
Author: Atiq Ur Rehman
ZA Bank, Hong Kong’s largest virtual bank by assets, has unveiled its plans to offer crypto services to licensed cryptocurrency exchanges and firms in the city.
Bitcoin [BTC], the largest crypto asset by market cap, has broken through $30,000 per coin as investors feel optimistic while celebrating Easter.
According to the FTX debtors, the fallen crypto empire FTX never implemented sufficient controls over any of its systems and was operated by the wishes of Sam Bankman-Fried, Gary Wang, and Nishad Singh.
Three of four recent DeFi hacks have seen funds returned for bounties in a new trend. Sentiments, the DeFi protocol on the Arbitrum layer-2 network, is the latest DeFi platform getting its funds back after being exploited for $1 million on Tuesday, April 4th.
The US Department of Justice (DOJ) has saved the funds of victims of many crypto investment scams by seizing over $112 million from crypto accounts linked to fraudulent schemes.
Arbitrum Foundation’s first Arbitrum Improvement Proposal (AIP) have failed following a governance drama that happened over the last weekend. The native ARB token fell sharply after a backlash from token holders.
FTX Europe, the European arm of doomed crypto exchange FTX, has launched a new portal to begin paying back impacted customers left in limbo after it filed for bankruptcy in November 2022.
The US Securities and Exchange Commission (SEC) chair Gary Gensler said existing regulations are enough to address the crypto market as most cryptos are securities and fall under SEC jurisdiction.
SafeMoon, a decentralized exchange (DEX) on BNB Chain, is the latest victim of DeFi hacks as hackers siphoned off nearly $9 million from a liquidity pool of the platform.