DeFi | ForkLog

ForkLog 17 24.04.2025

US Prosecutors Seek Eight-Year Sentence for Mango Markets Attacker

Prosecutors from the Southern District of New York have requested a prison sentence of 78 to 97 months for Avraham Eisenberg, found guilty in the attack on the DeFi project Mango Markets in 2022. The hearing is scheduled for May 1. “This sentence is necessary, among other things, to properly reflect the seriousness of the […]

AI translated

ForkLog 19 18.04.2025

sUSD Stablecoin Dips Below $0.7: Synthetix Offers Explanation

On April 18, the price of the sUSD stablecoin from the DeFi synthetic asset platform Synthetix plummeted to a local low of around $0.68. At the time of writing, the coin had recovered to $0.73. Data: CoinGecko. The asset has repeatedly lost its peg to the dollar throughout its existence. In March 2020, the price […]

AI translated

ForkLog 83 16.04.2025

CoinGecko Identifies Key Cryptocurrency Market Narratives for Q1 2025

Tokens associated with AI and memes captured 62.8% of cryptocurrency user interest in the first quarter of 2025, according to a review by CoinGecko. Among the 20 most popular digital assets during this period, six were categorized as memes and five as AI. The former accounted for 27.1% of global investor attention, while the latter […]

AI translated

ForkLog 13 15.04.2025

Study finds Tether now leads crypto lending

The total crypto-lending market was estimated at $36.5bn. Tether’s share of the CeFi segment rose from under 20% in Q2 2021 to around ~70%. Since the bear-market low, the DeFi metric has jumped 959% to $19.1bn. Tether, Galaxy and Ledn accounted for 88.6% of the CeFi segment of the digital-asset lending market, according to Galaxy […]

AI translated

ForkLog 154 14.04.2025

DeFi’s manipulation problem: what the “financial LEGO” conceals

The fast-evolving DeFi sector offers users undeniable advantages regardless of capital, age or country. With a smartphone and an internet connection, you can access savings, loans and other financial tools without KYC, paperwork or intermediaries. For the unbanked, it is a way to manage their own money without bureaucracy and other barriers; in high-inflation economies, […]

AI translated

ForkLog 29 11.04.2025

Life after Bybit

The industry took the Bybit breach in its stride, but it left a trail of questions. In an interview with FLMonthly, Irakli Dizenko, an expert in deploying crypto-security tools at HAPI, discusses whether DeFi should expect tighter rules, and the state of hacks in general and this case in particular. ForkLog: The Bybit breach ranks […]

AI translated

ForkLog 43 08.04.2025

World Liberty Financial to Conduct USD1 Stablecoin Airdrop

The DeFi project by the Trump family, World Liberty Financial (WLF), has released an advisory proposal to distribute a “small” amount of USD1 stablecoins via airdrop to holders of the WLFI token. ? We just posted a new governance proposal: To test our airdrop functionality by distributing USD1 to all $WLFI holders — rewarding our […]

AI translated

ForkLog 9 07.04.2025

Mantra Team Launches $108 Million Fund to Support RWA and DeFi

The developers of the L1 network Mantra have launched the Mantra Ecosystem Fund (MEF) with $108.9 million to foster projects in the realms of real-world asset tokenization (RWA) and decentralized finance (DeFi). Today, we’re announcing the launch of the MEF — a $108,888,888 million investment initiative designed to propel real world asset innovation, adoption and […]

AI translated

ForkLog 26 07.04.2025

Market Correction Triggers $106 Million Ethereum Whale Liquidation

A major Ethereum holder faced a forced position closure of 67,570 ETH ($106 million) on the DeFi platform Sky after the collateral ratio fell below the liquidation threshold. As $ETH plummeted, the 67,570 $ETH($106M) held by this whale on #Maker was liquidated!https://t.co/kXSkKh1H0P pic.twitter.com/IDjzbQ8P3z — Lookonchain (@lookonchain) April 7, 2025 The catalyst was a 12.5% drop […]

AI translated

ForkLog 130 04.04.2025

DeFi TVL and NFT trading slump in Q1, says DappRadar

The number of active users of decentralised applications fell by just 3% in Q1. DeFi protocols’ TVL plunged 27%, while NFT market trading volumes dropped 24%. The dapps ecosystem lost more than $2bn to hacks and scams. In the first quarter of 2025, TVL in DeFi protocols fell by 27%, NFT trading volume declined by […]

AI translated

ForkLog 57 31.03.2025

Cunning Attack on SIR.trading Protocol Wipes Out TVL

On March 30, the DeFi protocol SIR.trading on the Ethereum network, also known as Synthetics Implemented Right, lost $355,000 of its TVL due to a hack. Analysts from TenArmorAlert and Decurity were the first to notice the incident. The latter reported that the target of the “cunning attack” was a function of the “vulnerable contract […]

AI translated

ForkLog 126 31.03.2025

Experts Unveil Details of Oracle Manipulation Attack on Venus Protocol

Vulnerabilities in vaults have led to losses for DeFi protocols due to oracle manipulation. Chaos Labs presented an analysis of the attack on Venus Protocol, which resulted in losses of approximately $716,000. On February 27, an attacker executed a donation attack based on a flash loan, borrowing about $4 million from Aave. The attacker used […]

AI translated

#DeFi