DeFi | ForkLog - Part 66

ForkLog 14 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 16 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 41 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 19 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 9 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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ForkLog 11 02.03.2021

DeFi project 1inch signs partnership with data provider Bitquery

The liquidity aggregator from decentralized exchanges 1inch announced a partnership with analytics company Bitquery. ForkLog was informed of this by representatives of the DeFi project.

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ForkLog 16 02.03.2021

Coinbase opens access to DeFi tokens for New York residents

The cryptocurrency exchange Coinbase has begun allowing New York residents to trade a selection of DeFi tokens, including Aave, Uniswap and yEarn.Finance.

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ForkLog 13 28.02.2021

DeFi project Furucombo hacked for $14 million

The Furucombo team said that an attacker compromised the DeFi project's proxy server, with losses of about $14 million in Ethereum and ERC-20 tokens.

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ForkLog 28 25.02.2021

DeFi project 1inch launches governance token on Binance Smart Chain

The liquidity-aggregator of decentralized exchanges, 1inch, deployed the 1INCH governance token on the Binance Smart Chain (BSC). ForkLog reported this to project representatives.

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ForkLog 9 25.02.2021

Alexander Lebedev: I prefer DeFi to Bitcoin

Russian entrepreneur Alexander Lebedev said that he is “less sympathetic toward Bitcoin” than the decentralised finance (DeFi) sector, and added that he is not interested in cryptocurrencies from a profitability standpoint. He said this during an online conference on cryptocurrency regulation in Russia.

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ForkLog 18 24.02.2021

Alameda Leads $40 Million Financing Round for DeFi Project Oxygen

The DeFi startup Oxygen, which provides prime brokerage services, closed a $40 million financing round, according to The Block.

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ForkLog 19 23.02.2021

Opium Protocol Delays Governance Token Distribution for Team and Early Investors

Early investors and the creators of the DeFi derivatives platform Opium Protocol have delayed by six months the linear distribution of the OPIUM governance tokens allocated to them.

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