DeFi | ForkLog - Part 17

ForkLog 10 11.04.2024

Implications of the SEC’s Confrontation with Uniswap

What will be the outcome of the proceedings? What does the SEC and Uniswap confrontation mean for users? Which other DeFi solutions might attract US authorities’ attention? A potential lawsuit by the SEC against the decentralized exchange Uniswap could set a significant precedent for the cryptocurrency market, though experts consulted by ForkLog express doubts about […]

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ForkLog 18 11.04.2024

MarginFi’s TVL Drops by $160 Million Following Founder’s Departure

Edgar Pavlovsky, the creator of the Solana-based lending platform MarginFi, has announced his departure from the project, triggering a significant outflow of funds from the protocol. I resigned from mrgn today. From working on marginfi, from the research arm, from it all. It’s a world class team — it really is — but I don’t […]

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ForkLog 17 11.04.2024

SEC’s Allegations Against Uniswap Spark DeFi Community Backlash

Uniswap has received a Wells notice from the SEC, potentially leading to a lawsuit. The exchange’s team expressed readiness to fight, deeming the regulator’s arguments weak. The community rallied in support of Uniswap and its founder, Hayden Adams. The largest decentralized exchange, Uniswap, has received a warning from the U.S. Securities and Exchange Commission (SEC) […]

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ForkLog 8 09.04.2024

Trial Begins for Alleged Mango Markets Attacker in the US

On April 9th, a federal court in New York commenced proceedings against Avraham Eisenberg, suspected of orchestrating an attack on the DeFi project Mango Markets in 2022, resulting in the extraction of digital assets worth $116 million. The trial was initially scheduled for December 4, 2023, but was postponed at the defense’s request. Eisenberg was […]

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ForkLog 16 06.04.2024

MakerDAO Founder Warns of Potential DeFi Challenges in the EU

Rune Christensen, the founder of MakerDAO, has indicated that European financial regulators are “highly likely” to interpret DeFi interfaces in a manner that would necessitate a MiCA license. Heard today that there’s a good chance all EU national financial regulators will interpret DeFi frontends to require a MiCA license. This would make DeFi frontends on […]

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ForkLog 7 04.04.2024

CeDeFiAi Announces $10,000 CDFI Token Giveaway

The developers of the crypto asset management platform CeDeFiAi have announced a $10,000 giveaway in CDFI tokens, as reported to ForkLog by the project’s representatives. ?STEALTH LAUNCH GIVEAWAY!? We’re proud to present a massive $10,000 giveaway in $CDFI tokens! ? A total of 100 lucky participants will be chosen randomly. ? ? HOW TO JOIN […]

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ForkLog 14 01.04.2024

Hacker Labels $11 Million Prisma Breach as ‘White Hat’ but Funds Remain Unreturned

The liquid staking platform Prisma Finance has acknowledged the loss of 3257 ETH (approximately $11 million) due to an exploit on March 28. The hacker has engaged in discussions with the team regarding the return of the funds. In collaboration with @PrismaRisk and @wavey0x, we are publishing a comprehensive post-mortem report on yesterday’s event. https://t.co/DljZSs3ssK […]

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ForkLog 19 28.03.2024

Prisma DeFi Protocol Faces $11 Million Exploit

Prisma Finance, a liquid staking platform, has reported a “possible exploit” with potential losses estimated at $11.6 million. We are aware of a possible exploit on Prisma. Core engineering contributors will pause the protocol and investigate. We’ll share an update and a post-mortem. — Prisma Finance (@PrismaFi) March 28, 2024 The team has urged users […]

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ForkLog 16 28.03.2024

Ethena Labs to Airdrop 750 Million ENA Tokens

On April 2, the DeFi protocol Ethena Labs will initiate an airdrop of 750 million ENA governance tokens among participants of the Shard incentive program. The distributed tokens will account for 5% of the total issuance of 15 billion. Users will receive tokens corresponding to the points—“shards”—accumulated during Shard up to April 1. The assets […]

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ForkLog 28 25.03.2024

Curio Ecosystem Breached: Hacker Mints 1 Billion CGT Tokens

The DeFi project Curio has fallen victim to an attack, with experts from Cyvers Alerts estimating the damage at $16 million. ?ALERT?@curio_invest has experienced a $16M exploit involving a smart contract based on @MakerDAO within their ecosystem! The exploit appears to stem from a permission access logic vulnerability. The attacker leveraged this vulnerability to mint […]

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ForkLog 14 25.03.2024

Orderly Network to Launch Points Program Ahead of Token Release

In early April, the infrastructure DeFi protocol Orderly Network will initiate the Merits campaign for point farming, which will be converted into the project’s native token after its launch. This was announced by the platform’s CEO, Yi Zhang, in a conversation with The Block. “We expect the program to include more than ten epochs, each […]

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ForkLog 17 25.03.2024

Base’s Locked Asset Volume Surpasses $2 Billion

The total value locked (TVL) in the Layer 2 solution Base has reached $2.29 billion, according to L2BEAT. This figure includes the volume of USDC and several other assets issued on the network, totaling $1.27 billion. Data: L2BEAT. Since its launch, it took 203 days for the TVL to reach $1 billion and an additional […]

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