DeFi
The attacker behind the KyberSwap exploit has started laundering the stolen funds through Tornado Cash as of December 3rd, moving 1,000 ETH in an attempt to obfuscate the assets. According to blockchain data, the hacker responsible for the attack on KyberSwap, which resulted in a $48.8 million loss,
DeFi
Osmosis, the largest decentralized exchange (DEX) on Cosmos, and the lending protocol UX Chain (formerly known as Umee) have proposed a merger to become a comprehensive DeFi project. According to a proposal on December 4th, both Osmosis DEX and UX Chain announced their efforts to leverage each other's
DeFi
Kyber Network plans to use its project funds to compensate users affected by the mid-November KyberSwap hack. On the evening of December 1st, Kyber Network, the operator behind the DEX KyberSwap, released an update on their handling of the damages from the recent attack. The hack, which occurred two weeks
DeFi
Early on December 1st, the DeFi community discovered two transactions on the Blast platform with significant slippage, causing users to lose 10% of their funds. Specifically, the address "0xf71...68D2" deposited 500,000 USDT into Blast's contract, but after the automatic swap process in the Curve
DeFi
The Starknet Foundation, the entity supporting the development of Layer-2 Starknet, has released the latest updates regarding the upcoming airdrop rumors. Starknet Foundation Confirms Deadline for STARK Token Airdrop Recently, the Twitter community circulated a screenshot of an interface on the Starknet (STRK) website listing various criteria for qualifying for
DeFi
Maple Finance (MPL), a pioneering project in integrating traditional financial concepts into DeFi, announced on November 28, 2023, its collaboration with Circle to enhance the adoption of the USDC stablecoin through secured lending pools. In an announcement on November 28, 2023, Maple Finance (MPL), a project known for integrating traditional
DeFi
dYdX Chain, the layer-1 blockchain on Cosmos by the namesake DEX, has completed its mainnet launch and is kicking off a $20 million "Incentive Program." After a successful voting process, dYdX has transitioned from beta to the official mainnet as of November 28. Traders can now start earning
DeFi
Both Velodrome and Aerodrome have confirmed the incidents, with on-chain detective ZachXBT identifying the attacker's wallet address, initially linked to over $70,000 in losses. Update on 02/12/2023: By the morning of December 2nd, Velodrome and Aerodrome announced that their front-ends had been attacked again, advising
DeFi
Jito, the staking platform on Solana, has launched its token JTO, offering retroactive airdrop rewards to early supporters of the product. With the launch of the JTO token, users can participate in voting on changes to StakeNet parameters, manage reserve funds, and oversee revenue generated from JitoSOL. 3. Empowering Community
DeFi
As the deadline for returning 90% of the stolen $47 million passed, Kyber Network extended the deadline and threatened legal action if the hacker did not comply. Update on 29/11/2023: After several days of silence, the hacker behind the $47 million KyberSwap attack has finally responded to the
DeFi
In the early hours of 26/11, the Osmosis trading chain experienced an outage, leading to a temporary halt in operations. This information was shared by the Osmosis Lab support channel on their Twitter account. The project advised users to follow updates on official channels and stated that the Validator
DeFi
Amid growing criticism from the crypto community, the founder of the newly launched layer-2 project, Blast, has spoken out to defend the project. As reported by Coin68, one of the most talked-about projects in the crypto market last week was Blast, a layer-2 solution on Ethereum promising high interest rates