zkSync-Native DeFi Aggregator Kannagi Finance Rug Pulls $2 Million
DeFi protocol Kannagi Finance launched only a month ago, promising high yields for stablecoin deposits and lending. As such, the...
DeFi
Tokenized BTC On Ethereum Plunges 44% in 1 Year, What Happened?
According to data from Dune Analytics on July 24, the amount of Wrapped Bitcoin (wBTC), a synthetic form of Bitcoin, circulating...
DeFi Disaster: How Hackers Pilfer $3.26 Million From A Major Protocol
Conic Finance, a major player in the DeFi industry, has faced a setback following an exploit that targeted the ETH...
The Catalysts Behind A Potentially Brewing DeFi Summer
The contraction phase of the cryptocurrency market cycle appears to be coming to an end. Led by a recovery in...
Algorand’s Biggest DeFi Project AlgoFi Set To Shut Down
Algorand’s largest DeFi protocol, Algofi, has announced it will be shutting down in the coming months. According to a blog...
European Trade Body Advocates For Inclusion Of DeFi In MiCA Regulation
The Association for Financial Markets in Europe (AFME) has raised concerns about the exclusion of decentralized finance, or DeFi, from...
Encryption A.l Developer Rug Pulls $2 Million To Repay A $300,000 Crypto Gambling Debt
A 22-year developer behind Encryption A.l, a cryptocurrency project, has rug-pulled users of roughly $2 million ahead of the platform's liquidity...
Jump Trading Accumulating DeFi Tokens, Including LDO, PERP, and MASK
On-chain data by LookOnChain, an analytics platform, shows that Jump Trading, a quant trading firm, has rapidly accumulated several decentralized finances...
