DeFi
KyberSwap has announced a 10% bug bounty reward for the hacker who exploited their platform, resulting in a $47 million loss. This offer comes after the hacker left an on-chain message expressing willingness to negotiate the return of the funds. As previously reported by Coin68 on 23/11/2023, KyberSwap,
DeFi
KyberSwap Hacked, Suffering $47 Million Losses Update on 27/11/2023: The Kyber Network team has officially confirmed that the total financial loss from the KyberSwap hack amounts to $54.7 million. They stated that the hacker employed highly sophisticated methods, indicating thorough preparation. 1/ We've overcome many
DeFi
Despite the assets being locked until the mainnet launch next year, the new layer-2 solution Blast is already seeing significant inflows. Image: 91 Million USD Bridged to Layer-2 Blast Within One Day of Launch. Image Source: Website Blast Within hours of its launch and the announcement of its capital raise,
DeFi
PancakeSwap Proposes Implementing veCAKE Tokenomics Model The leading DEX on the BNB Chain ecosystem, PancakeSwap, has proposed a new tokenomics model called veCAKE. This proposal is currently under community discussion, with the voting process being shared on PancakeSwap's official X (Twitter) account. 📣 Proposal for Launching veCAKE 🔒 🥞We propose
DeFi
Blast, the latest layer-2 solution on Ethereum, has received investments from major funds and notable KOLs in the crypto community, aiming to boost yields for ETH and stablecoin holders. According to an announcement on the morning of 21/11, the layer-2 solution Blast on Ethereum has officially launched and declared
DeFi
In just one week, the trading volume on DEXs within the Solana ecosystem has exceeded $2 billion, and in the first three weeks of November 2023, it set a new record with a total volume surpassing $4.7 billion. Information from Wu Blockchain indicates that the trading volume on decentralized
DeFi
dYdX, a decentralized exchange (DEX), had to use 40% of its $22.5 million insurance fund to cover losses from the 40% price dump of the YFI token. Image: dYdX Insurance Fund Depletes by $9 Million Due to YFI Dump One of the most talked-about tokens in the crypto community
DeFi
Trader Joe and SpookySwap Front-End Attacks Update: On the morning of November 18, SpookySwap, a DEX on the Fantom network, also reported a front-end attack and urged users to cease interactions and usage of the platform. The Spooky team is currently investigating a frontend vulnerability on our domain 😿 Please do
DeFi
On November 17, 2023, EigenLayer, a solution allowing staked ETH holders to restake their coins, announced the launch of Phase 2 of its testnet. The mainnet for this phase is expected in the first half of 2024. The goal is to allow Operators (transaction validators and node operators) to contribute
DeFi
Airdrop Details: Pyth Network, a prominent oracle project, has announced the airdrop of 255 million PYTH tokens to 90,000 eligible wallets. The airdrop will take place at 09:00 PM on November 20, 2023 (Vietnam time), and users will have 90 days to claim their rewards. The initial circulating
DeFi
Introduction At around 08:00 PM on November 14th (Vietnam time), the decentralized exchange (DEX) PancakeSwap officially launched its gaming marketplace. This new platform allows projects to build, launch, and update crypto and NFT-related games. 🎉 Introducing the PancakeSwap Gaming Marketplace – a GameFi Revolution with 1.5 Million potential players! 🏆 Featuring
DeFi
Introduction The founding team of Opyn, a prominent DeFi protocol, has announced their resignation following increased legal pressures from the Commodity Futures Trading Commission (CFTC). CEO's Announcement CEO Zubin Koticha announced on his personal X account that he and co-founder Alexis Gauba have decided to leave the cryptocurrency