DeFi News
DeFi Protocols Report Significant Losses Amid Luna Price Exploit
Two decentralised protocols, Blizz Finance and Venus Protocol, have declared losses due to a LUNA price discrepancy after Chainlink’s ...
GoDaddy Website Hack Leaves DeFi Protocol ‘SpiritSwap’ Compromised
Multiple DeFi protocols have been compromised after an attack on the world’s biggest domain registrar, GoDaddy. Unconfirmed reports sugges...
Terra (LUNA) Collapse Triggers Contagion Across DeFi
The sudden de-pegging of TerraUSD (UST) and the associated breathtaking decline of Terra (LUNA) over the past few days has triggered huge fa...
Luna to Inject $1 Billion to Save UST Stablecoin, But is it Too Late?
The Luna Foundation Guard (LFG), stewards of Terra’s UST, are looking to raise over US$1 billion to shore up the algorithmic stableco...
DeFi Protocol ‘Fortress Lending’ Exploited for $3 Million
The Fortress decentralised finance (DeFi) protocol – a crypto borrowing and lending platform – has seen an estimated US$3 millio...
‘Compound Treasury’ Becomes First in DeFi to Get a Credit Rating
Decentralised finance (DeFi) is increasingly bridging the gap between the crypto and traditional finance (TradFi) worlds, most recently sign...
DeFi Project ‘MM.Finance’ Suffers $2 Million Exploit
MM.Finance, the largest DeFi exchange on Cronos, has lost US$2 million in a recent exploitation by hackers. A Domain Name System (DNS) vulne...
VeChain (VET) Now Accepted as Payment in 2,000,000 Stores Worldwide
VeChain (VET) has partnered with payments provider Alchemy Pay (ACH) to allow VET holders to make crypto payments to over two million mercha...
Stablecoin DEX ‘Saddle Finance’ Exploited for $10 Million
Decentralised exchange Saddle Finance was hacked over the weekend, resulting in the loss of over US$10 million in funds. The DEX is working ...
Hacker Steals $80 Million From DeFi Lender ‘Rari Capital’ via Fei Protocol Exploit
DeFi platform Rari Capital has been hacked for more than US$80 million in assets held within its Fuse lending pools. Rari Capital’s Fu...
ETH Project ‘Teller’ Concludes World’s First DeFi Mortgage
USDC.Homes is a new company that partners with mortgage lenders and brokers to facilitate home loans using cryptocurrencies. This week, the ...
Australians Made $2.1 Billion in Gains from Crypto in 2021
Australians realised US$2.1 billion in crypto gains in the 2021 calendar year, putting Australia in 17th place globally for annual realised ...