Harvest Finance: $24M Attack Triggers $570M ‘Bank Run’ in Latest DeFi Exploit
An arbitrage trade exploiting weak points in decentralized finance (DeFi) protocol Harvest Finance led to some $24 million in stablecoins being siphoned away from the...
Search Results for: DeFi
-
-
Blockchain Bites: DeFi’s Harvest Hit, IRS’ Crypto Clarification, JPMorgan’s Buoyant Bitcoin Note
The IRS has clarified some questions around crypto disclosures for the upcoming tax season. A popular DeFi application appears to have been attacked. JPMorgan analysts...
-
Notional Launches Out of Stealth to Bring Fixed-Rate Lending to DeFi
Lending and borrowing rates on all the top decentralized finance (DeFi) platforms are dizzyingly variable. Enter Notional, a new protocol that lets users lend and...
-
DeFi Harvest Finance TVL Halves & FARM Tanks Following “Economic Attack”
Another day, another DeFi exploit. It was last week that the less than two-month-old Harvest Finance saw its total value locked (TVL) surge to $1.175 billion....
-
The anatomy of a $25m DeFi hack on Ethereum
The decentralized finance (DeFi) space has once again come under the spotlight after another hack or exploit took place. This time, approximately $25 million worth...
-
DeFi Farmers Go Bananas for BOND, Over $1M Liquidity Pours In – BeInCrypto
The decentralized finance (DeFi) sector is starting to awaken again following a seemingly month-long hiatus. A slew of new liquidity farming incentives are starting to...
-
DeFi protocol Harvest Finance exploited, attacker drained $24M and then returned $2.5M
Harvest Finance, a decentralized finance (DeFi) protocol developed by an anonymous team, was exploited Monday early morning UTC time. The attacker drained $24 million from...
-
A DeFi Future Unveiled at Virtual Ethereum Hackathon – BeInCrypto
Decentralized finance (DeFi) has been the center of attention at this year’s ETHGlobal conference which was held completely virtual this year. A raft of new,...
-
Harvest Finance Token Plummets 65% After Attack Saps DeFi Site of TVL
A possible exploit in decentralized finance (DeFi) protocol Harvest Finance has sent the platform’s native token, FARM, tumbling by 65% in less than an hour,...
-
DeFi Protocol Harvest Finance Attack Targets Liquidity Pools
Details are thin on the ground at the moment as the situation is unfolding, but DeFi yield farming protocol Harvest Finance appears to have become...
-
Ethereum-DeFi: The Top 5 Decentralized Exchanges (DEX) | by Titus | The Capital | Oct, 2020
Recently, more and more decentralized exchange (DEX) tokens have come onto the market. But what are currently the largest DEX tokens? The five largest decentralized...
-
DeFi Still Needs a Silk Road Moment
Mainstream criminal adoption would prove that decentralized finance (DeFi) is building tools with real utility, because if there’s any one group that is both underserved...
-
A Flexible, Low-Risk Crypto Collateral Lending DeFi Platform
The cryptocurrency industry has come a long way since its inception, as the underlying technology undergoes constant evolution. The latest advancement in such development is...
-
DeFi Total Value Locked at New High After 2,000% Gains on the Year – BeInCrypto
Total value locked (TVL) across all decentralized finance protocols hit another all-time high last week after gains of almost 2,000% over the past 12 months....
-
Alibaba Founder Says Digital Currencies Could Redefine Meaning of Currency
Alex Dovbnya Chinese billionaire Jack Ma highlights the importance of digital currency adoption Contents Alibaba’s blockchain patent empire Ma thinks Bitcoin is a bubble Alibaba...
-
Top DeFi coins Yearn.finance (YFI) and AAVE rip 10% higher as Bitcoin holds $13k
The past seven days have actually been quite mediocre for top coins in the decentralized finance (DeFi) space. Compared to Bitcoin and Ethereum, which both...