Chibi Finance Exit Scam: $1 Million Cryptocurrency Heist Rocks Defi Platform on Arbitrum

According to several reports, Chibi Finance, the decentralized finance (defi) platform built on top of Arbitrum, allegedly executed an exit scam on its users. Blockchain intelligence firm Peckshield provided a detailed account, revealing that approximately $1 million worth of cryptocurrency assets were illicitly withdrawn and converted into Ethereum. Chiba Finance Becomes 12th Defi Platform on [...]

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7 DeFi protocol hacks in Feb sees $21 million in funds pilfered: DefiLlama

DeFi platforms lost over $21 million to hackers throughout February, according to data released by DeFi project aggregator DefiLlama.

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Mango Markets exploiter seeks to keep disputed funds paid as ‘bug bounty’

Attorneys representing Avraham Eisenberg argued he had already settled his dispute with Mango DAO and shouldn't have to pay back any more funds.

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Sberbank Aims To Have Own DeFi Platform Up And Running By May

One of the significant proponents of Blockchain technology, Sberbank, aims to launch a Decentralised Finance (DeFi) platform within the next few months. According to a [...]

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What Is VVS Finance?

Looking for a simple DeFi platform that lets you earn high yields, swap tokens, and participate in fun earning events? VVS Finance might be something you want to look into. Learn more about this Very, Very Simple DeFi platform — see what I did there?  Covered: What Is VVS Finance? Features of VVS Finance Partners […]

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Portal and Polygon Partner to Boost Bitcoin Usability in DeFi Ecosystem

Portal, a self-hosted wallet and true cross-chain Layer-2 DEX built on Bitcoin, has announced a strategic partnership with Polygon, popularly known as Ethereum‘s Internet of [...]

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Crypto Hackers Steal Over $130M from Cream Finance DeFi Platform

This is the third major hack on the Cream Finance DeFi lending platform within this year. Tens of thousands of customers have been affected by the hack. (Read More)

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Liquid Staking Protocols See Increase in Monthly ETH Deposits Despite Withdrawals Post-Shapella Hard Fork

Following the Shapella hard fork on April 12, 2023, approximately 332,368 ether, valued at around $699 million, has been withdrawn. Despite these withdrawals, liquid staking protocols like Lido, Rocketpool, and others have experienced an increase in ether deposits over the last 30 days. Since March 14, a total of 281,498 ether worth $592 million have [...]

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Infinex to list top 500 crypto assets, v2 coming early 2025

At Nears Redacted conference in Bangkok, Thailand, Infinex founder Kain Warwick told Cointelegraph that Infinex v2 will improve the speed of integrations in the DeFi platform. 

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Decentralized platforms may benefit from strict US crypto tax laws

The reporting requirements present a real risk of pushing users toward decentralized platforms, according to industry insiders.

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Portal Brings Bitcoin-based DeFi to the Masses, Raises $8.5 million

You might be forgiven for thinking that Bitcoin, the most secure crypto network, has been all but left behind by the growth of DeFi, but [...]

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