DeFi | ForkLog - Part 34

ForkLog 21 13.09.2022

Cream Finance hacker converts stolen $1.75 million into bitcoins

The hacker behind one of the Cream Finance DeFi protocol hacks moved the stolen funds worth $1.75 million.

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ForkLog 13 07.09.2022

Attacker pockets about 370,000 USDC in Nereus Finance attack

The DeFi platform Nereus Finance, on Avalanche, faced an arbitrage attack via a 51 million {{AOPEN_1}}USDC{{ACLOSE_1}} flash loan. The hacker’s proceeds totaled roughly 370,000 USDC, CertiK estimated.

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ForkLog 10 07.09.2022

Bitcoin nearly doubled Ethereum’s decline in August.

In the first half of August, leading cryptocurrencies hit local highs. However, by month-end Bitcoin had fallen 13.88% and Ethereum 7.33%, according to ForkLog's {{AOPEN_1}}report{{ACLOSE_1}}.

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ForkLog 11 06.09.2022

Sushi DeFi Protocol to Integrate With Boba Network

Sushi, a provider of DeFi tools such as the DEX SushiSwap, will deploy its products on the Boba Network's layer-2 networks.

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ForkLog 10 06.09.2022

Credix raises $11.25 million in Series A funding

The decentralized lending platform Credix closed its Series A financing round at $11.25 million. It was led by Early Stage Motive Partners and ParaFi Capital.

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ForkLog 13 04.09.2022

Fed names DeFi sector a potential threat to financial stability

As the cryptocurrency market’s capitalization grows, the DeFi sector could pose long-term risks to financial stability. This was stated by analysts from the Fed’s research group.

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ForkLog 6 02.09.2022

Expert criticises dYdX for collecting new users’ biometric data

Adam Cochran, a partner at venture firm Cinneamhain Ventures, expressed disappointment with dYdX's decision to collect and store biometric data of new users as part of a promotional campaign.

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ForkLog 10 01.09.2022

Babylon Finance protocol to shut down after Rari Capital hack

The Babylon Finance protocol will wind down its operations due to an attack on the DeFi project Rari Capital, in which several liquidity pools involving the BABL token were affected.

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ForkLog 15 31.08.2022

Compound temporarily freezes cETH operations due to protocol update error

The lending protocol {{AOPEN_1}}Compound{{ACLOSE_1}} halted lending and the withdrawal of collateral for cETH tokens after the discovery of an error in the activated Proposal 117. The proposal updated the price feeds for Compound v2.

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ForkLog 12 30.08.2022

DeFi project OptiFi loses $661,000 in botched update

The DeFi protocol OptiFi on Solana accidentally closed its mainnet, locking users’ USDC funds worth $661,000.

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ForkLog 13 30.08.2022

FBI Identifies Popular Attack Vectors Targeting the DeFi Sector

The FBI issued a warning about the most commonly exploited vulnerabilities used by cybercriminals to attack DeFi platforms.

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ForkLog 16 24.08.2022

Trader Joe proposes a solution to the impermanent loss problem in DeFi

Developers of the Trader Joe AMM protocol say they have found a solution to one of DeFi's main problems — impermanent losses.

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#DeFi