Market manipulation in the DeFi crypto world is almost a usual occurrence. The Mango Market exploit is just another in an endless list of exploits. Who are those involved, who's to blame and how can a future occurrence be prevented?
An attacker exploited the DeFi Platform Mango Markets by manipulating oracle's price of MNGO tokens. Negotiations have commenced between the attacker and the platform.
Uniswap Labs is reportedly in talks with Polychain and one of Singapore's sovereign funds to raise over $100 million in equity at a valuation of $1 billion to expand its offerings. Sources say there is no conclusion yet.
Crypto market maker, Wintermute, has lost $160M in a recent hack in its DeFi operations. However, the company claims to be solvent as its CeFi and OTC operations are unaffected.
Decentralized exchange GMX reportedly suffered from a price manipulation exploit targeting the AVAX/USD pair, with the platform's estimated losses exceeding $500K.
Chainalysis aided law enforcement authorities in recovering $30M stolen from Axie Infinity by the Lazarus Group, the perpetrators behind the Ronin Bridge hack.
After the long wait, Cardano's Vasil upgrade is set to launch in a few weeks. This upgrade is coming a year after the popular Alonzo upgrade and promises greater scalability and lower transaction fees.
The Compound platform upgrade appears to have temporarily hit a stumbling block, halting the cETH market. This isn't a new occurrence on the platform, but would they fix this bug faster?
The DeFi platform released a streamlined protocol version that enhances security, capital efficiency, and user experience. This upgrade eliminates complexity while ensuring that Compound remains an effective tool for DeFi borrowers.
As the crypto market heads in a bearish direction, XRP sees a massive influx of whale transactions, with over $100K worth of funds transferred as Ripple tokens.
Fei protocol submits a proposal titled "TIP 121" that seeks to redistribute Tribe DAO's assets and strip the DAO of its governance powers in light of Rari Capital's Fuse hack in April 2022.
As the Cardano community gears up for its highly anticipated Vasil hard fork, a developer claims the testnet, which was earlier dubbed "Tested and Ready" for the upgrade, is impacted by a major bug.
Level 2 scaling protocol Celer Network is the latest target of crypto hacking as the platform reports seeing potential signs of a DNS hijack of its cBridge frontend.
Antelope announces it is forking from open-source blockchain protocol EOSIO 2.0 to become an independent blockchain utilizing an open framework to build next-gen dAPPs and other Web3 services.
Crypto firm Galaxy Digital announced the company is terminating a $1.2B proposal to acquire digital asset trust platform BitGo in what could have been the biggest acquisition deal in crypto history. In response, BitGo threatened to sue Galaxy Digital with a $100M lawsuit.
Decentralized cryptocurrency Monero (XMR) undergoes a hard fork with its latest update to enhance the network’s resilience to hacking attacks and transaction speed.
Acala, Polkadot’s decentralized finance network, had its protocols tampered with by hackers, causing it to pass an urgent vote to suspend operations until the issue is resolved.
Total Value Locked in DeFi declined by 66%, but many factors, including DEX aggregators, active addresses, and ongoing fundraising indicate growth reveal that “DeFi winter” is yet to come.
