Just another day in DeFi: A hack, a rug-pull, and $10M saved
The DeFi sector is a financial frontier zone, home to some of crypto’s riskiest experiments. As such, chaos isn’t the exception but the rule.
The DeFi sector is a financial frontier zone, home to some of crypto’s riskiest experiments. As such, chaos isn’t the exception but the rule.
USDC stablecoin issuer Circle has been criticized for not freezing $9M taken in the GMX protocol hack quickly enough.
So-called “synthetic dollar” USDf, which is backed by controversial market maker DWF Labs, is off-peg and has hit a low of $0.98.
The team behind blockchain bridge Across has been accused of funnelling $23M worth of treasury funds into its own company, Risk Labs.
Messages left on-chain from the hacker’s address appear to set the record straight about the root causes of the Cork Protocol incident.