Cryptocurrency
DeFi
Top DeFi Protocols to Watch in 2023 and More
  • Decentralized finance (DeFi) has become one of the hottest trends in the crypto world as it’s more transparent and decentralized than traditional finance.
  • Here are our top picks of DeFi projects that have a good potential growth, and some of the protocols that did not made the list, such as RING Financial.
May 15, 2023, 2:22 PM
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Exploiter Returns 90% of “Recoverable Funds” to Euler Finance
  • The remaining $31 million worth of crypto assets were returned late on Monday, marking a successful end to Euler Finance’s recovery efforts.
  • The total value of assets returned is a little over $177 million, which is 90% of the “recoverable funds” after adjusting for the 10% bounty previously offered.
April 4, 2023, 3:32 PM
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Hacker Steals $9M from SafeMoon
  • SafeMoon said that only its SFM:BNB liquidity pool (LP) was affected, and that it had located the suspected exploit, and patched the vulnerability.
  • The bug was allegedly introduced with the latest SafeMoon upgrade, and allowed the attacker to burn the majority of SFM in the pool, artificially inflating its price.
March 29, 2023, 2:00 PM
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Crypto Lender Kokomo Finance Conducts $4M Exit Scam
  • Blockchain security firm CertiK warned that the team behind Kokomo Finance have executed a rug pull on Sunday, and stolen around $4 million in user funds.
  • The website and social media accounts of the Optimism-based crypto lender have all been deleted, while its KOKO native token fell by more than 98%.
March 27, 2023, 9:58 AM
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Mar 15, 2023
Euler Finance Gives $200M Exploiter an Ultimatum
  • DeFi lending protocol Euler Finance has given the exploiter 24 hours to return 90% of the $197 million he stole in a flash-loan attack on Monday.
  • If the funds were not returned in time, the protocol is ready to post a $1 million bounty on any information that could lead to the arrest of the attacker.

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Mar 13, 2023
Euler Finance Exploited for $197M in Flash Loan Attack
  • The attacker carried out multiple transactions to steal 85,818 staked ether (stETH), 34.5 million USDC, 849 wrapped Bitcoin (WBTC), and 8.9 million DAI.
  • Euler Finance is now working with security professionals and law enforcement trying to rectify the situation, and will provide more information in the near future.
Mar 7, 2023
Mar 6, 2023
Babel Finance Considers Minting Special “Recovery” Stablecoin
  • Babel Finance co-founder Yang Zhou is planning to propose the creation of a new DeFi project in order to generate revenue to repay debts owed to creditors.
  • Called Hope, the potential DeFi platform aims to mint a new crypto-backed stablecoin, which will serve as a type of “recovery coin” for Babel.
Feb 23, 2023
DoJ Indicted Forsage Founders for $340M DeFi Ponzi Scheme
  • The DoJ discovered the Forsage used smart contracts with coding consistent of a Ponzi scheme, and charged its four founders with conspiracy to commit wire fraud.
  • The U.S. SEC charged nearly a dozen individuals involved in the DeFi platform in August 2022, while the Philippines SEC flag Forsage as a Ponzi scheme back in 2020.
Feb 22, 2023
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