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The contracts of the Cypher protocol have been frozen while the project team attempts to negotiate with the hacker to recover the stolen funds. Cypher DEX on Solana Hacked In the early hours of August 08 (Vietnam time), the decentralized exchange Cypher on Solana was hacked, resulting in the loss
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The largest staking service provider has surpassed the $15 billion Total Value Locked (TVL) milestone, the highest since May 2022. Lido Finance Hits ATH TVL Lido Finance, one of the most popular Liquid Staking platforms on Ethereum, has seen over 10,000 participants in the protocol, helping push the TVL
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Over $110 million in cryptocurrency assets have been transferred to Coinbase's layer-2 solution, Base. TVL on Layer-2 Base Reaches $114 Million According to data from L2beat, $114 million in cryptocurrency assets have been transferred to Base, a layer-2 solution launched by Coinbase in March this year. This figure
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After the deadline for the hacker to negotiate and receive a 10% reward expired, Curve Finance has decided to offer a bounty to the entire community to track down the hacker. Curve Finance Offers $1.85 Million Bounty On the morning of August 07, Curve Finance announced a $1.85
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MakerDAO has officially raised the interest rate for holding the stablecoin DAI to 8% through the lending platform Spark Protocol. However, the community has noticed that Spark is blocking users who access it via VPN. MakerDAO's Interest Rate Increase As previously reported by Coin68, MakerDAO's plan
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The trend of leveraging yields from traditional financial instruments (RWAs) is becoming increasingly popular among DeFi protocols. Recently, Frax Finance has announced its proposal to integrate this approach. Frax Finance's RWA Proposal The proposal, titled FIP-277, focusing on Real World Assets (RWAs), was shared by founder Sam Kazemian
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Curve Finance founder Michael Egorov has sold a large amount of CRV to raise funds to maintain his borrowing positions across multiple DeFi protocols. Overview of the OTC Sale According to on-chain data trackers, as of the morning of August 04 (Vietnam time), Michael Egorov has sold a total of
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To prevent further liquidity loss, Curve Finance and the affected projects have proposed an agreement allowing the hackers to keep 10% of the stolen funds as a reward. Curve Finance's Bug Bounty Offer On July 31, the crypto market was shaken by the news of an exploit in
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After Curve Finance sent on-chain messages to the hackers, the first batches of funds have started being returned to the affected projects. Background on the Curve Finance Exploit On July 30, vulnerabilities in the liquidity pools of Curve Finance, which use the Vyper language, were exploited by hackers. The projects
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A scammer attempted to steal 20 million USDT using a wallet address impersonation scheme but was successfully thwarted. Details of the Impersonation Scheme On August 01, 2023, the crypto community on Twitter noticed that stablecoin issuer Tether had blacklisted a wallet address containing 20 million USDT, effectively freezing it and
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After a few weeks of deploying its mainnet for builders, Layer-2 Base has officially announced the opening of its ETH bridge to enhance user experience. Official Launch of ETH Bridge on Layer-2 Base According to a tweet from Base, bridging ETH from the Ethereum mainnet to the Layer-2 Base solution
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The turbulent days of Curve Finance and its CRV token are far from over. Lending projects are now proposing measures to reduce exposure to loans collateralized by CRV. Abracadabra’s AIP 13.5 Proposal Abracadabra has announced the AIP 13.5 proposal, aiming to impose higher interest rates on loans