Protocols | ForkLog

ForkLog 16 05.08.2024

Investors and Market Maker Caught Off Guard by ZKX Closure

The closure of the ZKX protocol on StarkNet left investors and a market maker criticizing the project’s management, accusing the leadership of secrecy. When ZKX shut down, as investors, we got zero heads-up. The team claimed they ran out of money, refused to provide any financial or spending details, and wouldn’t communicate with us. ZKX […]

AI translated

ForkLog 29 31.07.2024

ZKX Protocol Shuts Down 45 Days After Airdrop

The trading protocol ZKX, built on StarkNet, has announced its closure due to economic difficulties. This was revealed by the project’s founder, Eduard Jubany Tur. Important Statement 30.07.24 With much regret, we have to announce the discontinuation of the ZKX protocol. Despite our best efforts, we have been unable to find an economically viable path […]

AI translated

ForkLog 27 22.07.2024

ETHTrustFund Founder Accused of $2.2 Million Rug Pull

On July 21, the founder of the cryptocurrency hedge fund ETHTrustFund, known by the pseudonym Reng, transferred $2.2 million to a new wallet after three months of inactivity. Several on-chain analysts reported a likely rug pull. RUG ALERT ? Yesterday, the project known as ETHTrustFund (@ethtrustfund_ now deleted) sent +$2M from the treasury to a […]

AI translated

ForkLog 77 03.05.2024

Jito Emerges as Solana’s Leading Protocol with $1.4 Billion TVL

TVL of the liquid staking platform Jito Network (JTO) on Solana has reached $1.42 billion, making it the largest protocol in the network. TVL Jito. Data: DeFi Llama. According to the team, the amount of coins locked in the protocol has exceeded 10 million SOL. Jito just passed 10M $SOL staked and is now the […]

AI translated

ForkLog 12 17.04.2024

Parcl Protocol on Solana Sees 40% TVL Drop Amid Airdrop

Following the snapshot on April 3, users withdrew over 40% of locked funds from the real estate market betting platform Parcl, according to DeFi Llama data. Data: DeFi Llama. The “snapshot” was intended for an airdrop, which occurred on April 15. However, during its execution, the TVL of the Solana-based project plummeted from $185.6 million […]

AI translated

ForkLog 15 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 […]

AI translated

ForkLog 16 22.03.2024

Frax Finance Targets $100 Billion TVL in New Roadmap

DeFi protocol Frax Finance has unveiled the first segment of its roadmap, dubbed Singularity. The plan aims to achieve a total value locked (TVL) of $100 billion in the Fraxtal L2 network by 2026. Frax Singularity Roadmap ? The first part of the long-awaited Frax Singularity Roadmap has just been published. The roadmap aims to […]

AI translated

ForkLog 18 07.03.2024

Lena Network Denies $2.9 Million Rug Pull Allegations

The price of the recently launched Candy token plummeted by 87% following an alleged rug pull by the developers. According to Etherscan data, on March 6 at 02:30 UTC (04:30 Kyiv/05:30 MSK), the deployment address of the Lena Network liquidity protocol transferred 753.11 ETH, valued at approximately $2.9 million, to the OKX exchange. This led […]

AI translated

ForkLog 13 29.02.2024

Seneca Protocol Vulnerability Results in Theft of 1900 ETH

The smart contract of the Seneca omnichain protocol on Ethereum was breached by hackers, resulting in the loss of over 1900 ETH (~$6.5 million), according to analysts at Beosin. ?@SenecaUSD exploited for 1,900 $ETH (worth ~$6.5M). The attacker used constructed calldata parameters to call transferfrom and transfer tokens that were approved to the project’s contracts […]

AI translated

ForkLog 22 27.12.2023

Thunder Terminal hacked for $190,000

The decentralized trading platform Thunder Terminal faced an exploit, resulting in the attacker withdrawing 86.5 ETH (~$190,000).

AI translated

ForkLog 31 15.12.2023

Nirvana Finance hacker agrees to forfeit $12.3 million

The hacker responsible for the Nirvana Finance breach and an unnamed DEX pleaded guilty and agreed to forfeit stolen assets totaling $12.3 million.

AI translated

ForkLog 28 19.10.2023

Developers unveil Taproot Assets protocol for Bitcoin mainnet

The Lightning Labs team unveiled the alpha version of Taproot Assets v0.3 for Bitcoin's mainnet. The solution enables the issuance and management of financial assets such as stablecoins on the Bitcoin blockchain.

AI translated

#Protocols