North Korea’s Lazarus Group Exploited Defi Protocol Alex Lab for $4.3 Million, Probe Reveals

[ad_1] Bitcoin layer-two developer Alex Lab revealed that an investigation linked the North Korea-linked Lazarus Group to the $4.3 million exploit that occurred on May 16. Alex Lab has facilitated communication between... Read more »

Altcoin selloff wipes out $4.9 billion in DeFi TVL

[ad_1] The massive selloff on June 17 caused $455 million in liquidations across assets. The effects of the selloff were felt beyond just the altcoin market, with Bitcoin and Ethereum both seeing... Read more »

Bridging traditional finance and DeFi

[ad_1] The following is a guest article from Vincent Maliepaard, Marketing Director at IntoTheBlock What is BlackRock’s BUIDL Fund? The BUIDL fund, formally known as the BlackRock USD Institutional Digital Liquidity Fund,... Read more »

Study: Crypto Losses 28% Lower in May; Attackers Primarily Targeting Defi Platforms

[ad_1] In May, cybercriminals were less successful in their attacks on decentralized platforms, resulting in losses attributed to hacks and fraud incidents amounting to approximately $52.4 million. During the same period last... Read more »

DeFi protocols Sonne Finance and ALEX Lab lose over $24 million in separate hacks

[ad_1] At least two DeFi projects were targeted by significant exploits in the early hours of today, resulting in millions of dollars in losses. Sonne Finance exploited Decentralized liquidity provider Sonne Finance... Read more »

Senator Lummis ‘deeply concerned’ by Biden administration’s actions against DeFi, non-custodial wallets

[ad_1] Senator Cynthia Lummis expressed deep concern regarding recent actions by the Biden administration, which she perceives as a threat to the principles of the Bitcoin network and the broader DeFi sector.... Read more »

Renzo’s ezETH token depeg triggers liquidations across DeFi platforms

[ad_1] Renzo’s liquid restaking token (LRT), ezETH, experienced a significant depegging event that liquidated millions from “loopers” using the token as collateral on leverage protocols like Gearbox. According to data from CoinMarketCap,... Read more »

Makerdao Co-Founder Rune Christensen: Defi Frontends Might Need Licenses to Operate in Europe

[ad_1] Rune Christensen, a co-founder of the Makerdao project, has warned about the possible disruptions linked to hypothetical EU-wide requirements for defi fronteds to receive a license for operating. Christensen said this... Read more »

Ethereum edges near $4000 as EigenLayer becomes second-largest DeFi protocol

[ad_1] Ethereum, the second-largest digital asset by market capitalization, is trading near the pivotal $4000 milestone for the first time since December 2021, up 15% during the past week. Amid this price... Read more »