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NFT
Velodrome and Aerodrome DEXs Face Frontend Attacks
Velodrome, the second-largest DEX on the Optimism network, and its fork, Aerodrome, the leading DEX on Base, have reported a compromise in their respective frontend systems.
Following the incident, both platforms urged…
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Aerodrome and Velodrome DeFi platforms experience front-end hacks
The decentralized finance (DeFi) platforms Aerodrome and Velodrome reported compromises to their front ends on Nov. 28. The two platforms posted announcements on X (formerly Twitter) stating their front ends were compromised and asked users…
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KyberSwap Retrieves $4.7 Million After Negotiations With Bot Operators
Decentralized exchange protocol KyberSwap announced that it had recovered $4.67 million in funds after a recent security attack that resulted in a staggering loss of nearly $50 million from its concentrated liquidity pools…
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Inferno Drainer says it’s shutting down after helping steal $70M in crypto
Inferno Drainer, one of the most popular crypto wallet-draining kits for hire, says it is shutting down for good after helping phishing scammers steal nearly $70 million worth of crypto this year. In a Nov. 26 Telegram post, the team behind…
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Blast network hits $400M TVL, rebuts claim that it’s too centralized
Web3 protocol Blast network has gained over $400 million in total value locked (TVL) in the four days since it was launched, according to data from blockchain analytics platform DeBank. But in a Nov. 23 social media thread, Polygon Labs…
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Australia’s tax agency won’t clarify its confusing, ‘aggressive’ crypto rules
Australia’s tax regulator has been unable to clarify confusing aspects of its new guidance that suggests capital gains tax (CGT) is payable on a slate of everyday decentralized finance (DeFi) transactions.The Australian Taxation Office…
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There’s More to the Story
The latest in a string of DeFi platforms to be exploited, Kyber Network was attacked earlier today, with over $46 million worth of funds stolen.
🚨Urgent🚨
Dear KyberSwap Elastic Users,We regret to inform you that KyberSwap…
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Circle launches ‘bridged USDC standard’ for deploying to new networks
Circle has introduced a new standard to streamline the process of launching its stablecoin, USDC (USDC), on new networks, according to a Nov. 21 blog post. The new “bridged USDC standard” allows developers to launch the token through a…
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dYdX founder blames v3 central components for ‘targeted attack,’ involves FBI
The founder of Decentralized finance (DeFi) protocol dYdX, Antonio Juliano, took to X (formerly Twitter) to share the findings of the investigation into the loss of $9 million in insurance funds on Nov. 17 in what many suspected was an exit…
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dYdX raises margin requirements in some markets, bans “highly profitable trades”
Decentralized crypto exchange dYdX has disclosed new measures to mitigate trading-related risks after burning $9 million of its insurance fund on Nov. 17 to cover users’ losses.According to an announcement on X (formerly Twitter), the…
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