[ad_1] Decentralized lending protocols have emerged as a popular alternative to traditional lending systems. This protocol is built on blockchain technology and allows individuals to lend and borrow funds without the need…
Category: LENDING
BlockFi CEO neglected warnings about FTX prior to collapse, court docs say
[ad_1] BlockFi’s downfall was sparked by its corporate leaders ignoring warnings about potential risks associated with FTX and Alameda Research, as revealed in documents filed on July 14. BlockFi made the decision…
Hundred Finance loses $7 million in Optimism hack
[ad_1] Hundred Finance’s multichain lending protocol has suffered a significant security breach on the Optimism Ethereum layer-2 blockchain. Protocol tweeted that losses totaled $7.4 million. One Hundred Finance announced exploit on April…
Euler Finance blocks vulnerable module, working on recovering funds
[ad_1] Decentralized financial lending protocol (DeFi) Euler Finance fell victim to a flash loan attack on March 13, which resulted in the biggest crypto hack of 2023 so far. The lending protocol…
Babel Finance Mulls Crypto-Backed Stablecoin to Repay $766M: Report
[ad_1] Babylon is close to proposing an extension of the moratorium that will prevent creditors from filing claims for at least six months, the report said. The filing alleges that co-founder Wang…
Silvergate to return $9.85M deposit to BlockFi
[ad_1] Advertisement Silvergate Bank has been ordered to return $9.85 million to BlockFi as part of the company’s ongoing bankruptcy proceedings, according to a March 3 filing. BlockFi will return $9.85 million…
Liquid Staking Replaces DeFi Lending as Second-Largest Crypto Sector
[ad_1] The total value of crypto assets held in the liquid staking protocol was $14.1 billion as of European hours on Monday, making it the second largest crypto market sector, according to…
Platypus to work on compensation plan after $8.5M attack
[ad_1] Decentralized finance (DeFi) firm Platypus is working on a compensation plan for user losses after a flash loan attack drained nearly $8.5 million from the protocol, impacting its dollar-peg stablecoin. In…