DeFi | ForkLog - Part 64

ForkLog 17 21.03.2021

DeFi project TurtleDex on Binance Smart Chain carried out a $2.4 million exit scam

The TurtleDex organizers disappeared, draining 9,000 BNB (~$2.4 million) from its liquidity pools on Pancake Swap and Ape Swap on the Binance Smart Chain, according to BSC News.

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ForkLog 11 18.03.2021

Coinbase Ventures backs Vega DeFi protocol

Vega, a protocol for creating and trading derivatives in a decentralized network, raised $5 million.

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ForkLog 10 16.03.2021

Reef Finance and Alameda Research dispute: firms clarify their positions

The DeFi project Reef Finance and venture firm Alameda Research cast doubt on the possibility of a partnership. According to blog posts, over the past day representatives of the two companies exchanged mutual accusations and divergent views on the dispute.

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ForkLog 11 15.03.2021

Polkadot-based DeFi project Reef Finance raises $20 million

Venture firm Alameda Research purchased Reef Finance project tokens in a funding round for $20 million.

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ForkLog 20 13.03.2021

DeFi Bulletin: Uniswap token enters top-10 by market cap as 1inch integrates with Binance Smart Chain

The decentralized finance (DeFi) sector continues to attract heightened attention from crypto investors and traders. ForkLog has compiled the most important events and news from the past weeks in this digest.

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ForkLog 13 09.03.2021

Binance-backed non-custodial DODO loses $3.8 million to vulnerability

The DODO exchange operating on the Binance Smart Chain lost $3.8 million in the attack.

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ForkLog 9 08.03.2021

Uniswap token enters top 10 by market capitalization

In the last 24 hours, the UNI token of the Uniswap decentralized exchange rose 11.9%. The coin climbed to eighth place in market capitalization among crypto assets, overtaking Litecoin and Chainlink.

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ForkLog 13 06.03.2021

Hacker Mints $160 Million Worth of PAID Network Tokens

The PAID Network, an Ethereum-based project, came under attack — due to an exploit in the smart contract, the attacker minted an additional $160 million worth of native PAID tokens.

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ForkLog 12 05.03.2021

Over 600,000 have joined the Chainge Finance DeFi app waitlist

More than 600,000 people have joined the Chainge Finance DeFi app waitlist two months after its launch, according to project representatives.

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ForkLog 31 04.03.2021

DeFi project Meerkat Finance on Binance Smart Chain suspected of exit scam

Hackers drained Meerkat Finance on the Binance Smart Chain of crypto assets worth about $32 million (13.96 million BUSD and 73,635 BNB). Users suspect the project developers of an exit scam. Meerkat Finance began operations just a day before the incident; at the time of writing, the project site was unavailable and the Twitter account had been deleted. According to a blockchain analyst, assets are distributed across several wallets; the alleged attackers altered the project's smart contract using the developers' account, suggesting the founders' keys may have been obtained, or this was an exit scam. The Meerkat Finance incident is the largest on the Binance Smart Chain to date. The Block reports that Binance has engaged investigators from Certik, PeckShield and Slowmist. The Telegram group of victims, “Meerkat_Rugpull”, now has 209 members. In early February, ForkLog reported on {{AOPEN_1}} exit scams of four projects on the BSC {{ACLOSE_1}}. Despite the relatively high centralization, Binance Smart Chain has attracted more DeFi users due to lower fees than Ethereum, where fees were at record highs. Earlier, the amount locked in PancakeSwap on the Binance Smart Chain {{AOPEN_3}} exceeded $4 billion {{ACLOSE_3}}. The daily volume of BSC transactions was more than twice that of Ethereum. The outflow of liquidity from Ethereum DeFi protocols to BSC allowed Binance's native token to rise to third place by market capitalization {{AOPEN_4}}{{ACLOSE_4}}. Earlier ForkLog reported that AMM platform {{AOPEN_5}} 1inch released a governance token on Binance Smart Chain {{ACLOSE_5}}. Subscribe to ForkLog news on Twitter.

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ForkLog 11 04.03.2021

PancakeSwap Surpasses Uniswap in TVL on Binance Smart Chain

The value locked in the PancakeSwap protocol on the Binance Smart Chain (BSC) exceeded $4 billion.

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ForkLog 8 03.03.2021

SpaceSwap launches Binance Smart Chain version of its platform

On February 24, the SpaceSwap DeFi aggregator team launched the platform version on Binance Smart Chain (BSC). This was reported in the project's blog.

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#DeFi