Balancer Exploited After Giving Warning
- DeFi protocol Balancer confirmed it was exploited almost a week after disclosing a critical vulnerability affecting several of its boosted pools.
- The platform did its best to mitigate some of the risks but was unable to pause the affected pools, and an estimated $980,000 in DAI were stolen in an attack.
August 28, 2023, 1:55 PM
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Zunami Protocol’s Stablecoin Pools Exploited, Suffers $2.1M Loss
- DeFi yield aggregator Zunami Protocol confirmed that a hacker had attacked its “zStables” pools on Curve Finance using a price manipulation exploit.
- Security firm PeckShield has estimated that over $2.1 million was lost during the attack, while SlowMist said it had informed Zunami of the vulnerability two months ago.
August 14, 2023, 12:50 PM
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PayPal Launches New Ethereum-Based Stablecoin
- PayPal USD (PYUSD) will be issued by Paxos and the Ethereum blockchain, and is backed by U.S. dollar deposits, short-term Treasuries, and similar cash equivalents.
- The company said the stablecoin can be redeemed for U.S. dollars at all times, and exchanged for any other crypto supported by the platform, including BTC, ETH, BCH, and LTC.
August 7, 2023, 3:47 PM
PayPal logo and sign in front of PayPal Holdings headquarters building in North San Jose Innovation District in Silicon Valley, San Jose, California, USA, 17 March, 2019. Michael Vi/Shutterstock
Curve Exploited for $41M Due to Vyper Vulnerability
- Versions 0.2.15, 0.2.16, and 0.3.0 of Vyper have malfunctioning reentrancy locks, which left smart contracts compiled with them vulnerable to reentrancy attacks.
- An estimated 460 contracts were compiled using these versions of Vyper which resulted in millions being lost to attacks, with Curve Finance reportedly losing $41 million.
July 31, 2023, 8:06 AM
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Jun 29, 2023
Binance to Lose Support of its EUR Banking Partner in September
- Binance’s current banking partner for euro deposits and withdrawals via the SEPA network, Paysafe, said it will stop its support for the exchange on 25 September.
- Binance said it will be changing its EUR banking partner, and assured users that no other services on its platform will be affected.
Jun 26, 2023
Bybit Acquires Cyprus Crypto License
- The new license allows Bybit to offer its full suite of crypto services to users from the third most populous island in the Mediterranean Sea.
- It not only helped the exchange expand its global presence, but also showed its commitment to compliance with local rules.
Jun 19, 2023
Do Kwon Receives 4 Months in Montenegro Prison on Forged Passport Charges
- Terraform Labs’ founder Do Kwon and CFO Han Chang-Joon were found guilty and sentenced to four months in prison for their use of forged Costa Rican passports.
- The Basic Court in the country’s capital Podgorica clarified that the time both individuals spent under detention in the country will also be taken into account.
Jun 19, 2023
ZachXBT Receives Over $1M in Crypto Donations to Fight Defamation Lawsuit
- Popular blockchain sleuth ZachXBT received over $1 million in token donations from the crypto community a little over a day after his donation wallet address was set up.
- The blockchain investigator became a target of a defamation lawsuit last Friday, when Jeffrey Huang accused ZachXBT of damaging his reputation in a June 2022 article.
Jun 9, 2023
EU Adds MiCA Legislation to Official Journal
- The legislation that aims to create a consistent regulatory framework for crypto assets among the EU member states has been added to the EU’s Official Journal.
- The move has started the clock on when the new crypto rules will be applied, with MiCA coming into full force on 30 December, 2024.
Jun 9, 2023
Binance.US to Suspend USD Withdrawals Next Week
- Binance.US warned that due to the “extremely aggressive and intimidating tactics” of the SEC it will be temporarily transitioning to an all-crypto exchange.
- The company said USD deposits are already suspended, and that its banking partners were preparing to pause USD withdrawals as early as 13 June.