Tag: DeFi

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DeFi App Legend Shuts Down After Missing Growth Targets

Decentralized finance mobile “superapp” Legend has announced it is winding down after about two years of operation, adding to a string of crypto apps...

Galaxy, Sharplink Launch $125M Institutional DeFi Fund Using ETH Treasury

Digital asset company Galaxy and Ethereum treasury platform Sharplink will launch a private fund that will invest Ether in decentralized finance (DeFi) strategies, signaling...

How DeFi is changing the financial landscape for Latin Americans

For decades, Latin Americans have lived with financial constraints that citizens of more developed economies rarely think about: periodic currency devaluations, inflation shocks, limited...

Kelp DAO Fallout Pushes Solv, DeFi Protocols Toward Chainlink

Decentralized finance protocols are reevaluating their blockchain oracle providers’ security after the fallout from the $293 million Kelp DAO exploit last month. Several protocols...

DeFi is not dead, it’s going mainstream with AI agents, crypto executives agree

Miami — Decentralized Finance (DeFi) is not dying but instead moving deeper into the financial mainstream alongside the rise of AI agents, crypto executives...

Trusted Volumes Confirms $6.7M DeFi Resolver Exploit

TrustedVolumes, an independent market maker and resolver used by 1inch Fusion, confirmed it was exploited and said about $6.7 million in stolen funds are...

Coinbase Sued Over Withholding Frozen Crypto From $55M Defi Saver Exploit

Cryptocurrency exchange Coinbase was sued in California federal court over frozen crypto allegedly tied to a $55 million DAI phishing theft from August 2024.The...

State Street says institutions want improved blockchain security in wake of recent DeFi attacks

Big traditional finance firms need guardrails in a world of blockchain-based assets, particularly given how decentralized finance (DeFi) remains so susceptible to hacks and...

Wasabi Loses $5M+ in Latest DeFi Exploit

Wasabi Protocol is the latest victim in what appears to be a record bad month for DeFi hacks.On-chain perpetual futures protocol Wasabi has been...

DeFi Sets New Hack Record as April Logs 28 Exploits with $635M Stolen

April's exploits were driven less by smart contract bugs and more by social engineering, bridge spoofing, and AI-assisted reconnaissance.DeFi protocols and crypto infrastructure suffered...

Shinhan Card Partners with Solana for Stablecoin Payments, DeFi Infrastructure

One of South Korea’s largest credit card providers, Shinhan Card, signed a memorandum of understanding with the Solana Foundation to test stablecoin payment technology...

Crypto Hacks Hit $630M In April as DeFi Dominates Losses

The cryptocurrency industry has seen a sharp spike in hacks in April, with losses topping $600 million in the worst month for crypto hacks...