Michael Egorov’s $100 Million Position, A Risk To Curve Finance And DeFi?

Following the recent exploit of Curve Finance pools, there have been genuine concerns about the stability of the decentralized exchange and the Decentralized Finance (DeFi) ecosystem. A new report has emerged, raising questions about Curve founder Michael Egorov’s $100 million loan positions.

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Curve Founder’s $100M CRV Loan Faces Liquidation in Potential DeFi Black Swan  

Curve Finance founder Michael Egorov's $100 million loan, taken out with his own CRV token, faces potential liquidation as the token's value falls, threatening a cascade effect across the DeFi ecosystem.

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Bored Ape floor price falls below 30 ETH: Nifty Newsletter, July 5–11

A decentralized finance borrower used a nonfungible token representing a luxury watch to take out a $35,000 loan.

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DeFi Apps display their soft underbelly - Defi and Crypto deal with another pair of 9-figure hacks

Decentralized Finance protocols are harder to run than they look. There are multiple points of failure for platforms including smart contract exploits, flash loan attacks, and rug pulls by anonymous employees.

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Curve Finance Founder Deposits $24M CRV into Aave to Safeguard $65M Stablecoin Loan

Curve Finance founder Michael Egorov has deposited $24 million worth of Curve DAO (CRV) tokens to decentralized lending platform Aave to mitigate against liquidation risk on a $65 million stablecoin loan.

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Blend from Blur: A New Frontier in NFT Finance

Blur has just announced a borrowing and lending protocol designed explicitly for the NFT market – Blend. With perpetual loans, Blend aims to solve everyday challenges NFT holders face, such as limited access to liquidity and the risks associated with specific loan expiration dates.

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DeFi Protocol 0VIX Loses Nearly $2M in Flash-Loan Exploit

Decentralized finance (DeFi) protocol 0VIX has lost $2 million in a flash loan exploit, according to on-chain data.

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Identifying & Exploring Risk on DeFi Lending Protocols

DeFi lending protocols are decentralized finance (DeFi) platforms that allow users to borrow and lend cryptocurrencies without intermediaries such as banks. In these protocols, borrowers can use their cryptocurrency holdings as collateral to secure a loan.

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Aave and Yearn Finance exploited for over $10M in stablecoins

Decentralized finance (DeFi) protocols Aave and Yearn Finance are suffering from an ongoing flash loan attack at the time of writing, Pechshield pointed out in a tweet. The exploiter has already drained over $10 million in stablecoins from the protocols, including over $3 million DAI, $2.

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Euler Finance opens redemptions after hacker returns funds

The Ethereum lending protocol was exploited in a $197 million flash loan attack in March.

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M11 Credit Resumes Crypto Lending on Maple Finance After FTX-Spurred Pause

The firm introduced an upgraded credit underwriting process and appointed a new head of credit. The developments came after M11 Credit suffered $36 million of loan defaults on lending protocol Maple Finance following FTX’s November collapse.

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Euler Finance Hacker Turns In $31M as Recovery Efforts Come to Close

Coinspeaker Euler Finance Hacker Turns In $31M as Recovery Efforts Come to Close The decentralized lending platform was exploited in a March 13 flash loan attack, causing it to lose $197 million worth of crypto assets.

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The Euler Finance Hacker Returns Almost All Of $197 Million Loot

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Euler Finance hackers begin laundering stolen tokens 

Euler Finance attacker has started obfuscating the trail of the stolen $197 million worth of ether (ETH) and other crypto assets stolen from the DeFi protocol.  The black hat hacker that orchestrated a flash loan attack on Euler Finance, a…

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Euler Finance hacker mixing the stolen funds on Tornado Cash

The hacker who stole almost $200 million from Euler Finance by exploiting a vulnerability on its flash loan smart contract has moved some of the stolen tokens through mixing protocol Tornado Cash.

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DeFi protocol Euler Finance suffers a $197m hack 

Decentralized finance (DeFi) platform Euler Finance has been targeted in a flash loan attack, losing $197 million worth of DAI stablecoin.

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DeFi platforms lost over $21M to hackers in February: DefiLlama data

One of the largest is the flash loan reentrancy attack on Platypus Finance. DefiLlama has highlighted seven noteworthy hacks in February. The first hack in February was the price oracle attack on BonqDAO.

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Platypus Finance provides recovery estimates after flash loan attack

Platypus Finance has launched a portal that will allow users to see how much compensation they are owed, according to a post from the project on February 28. The post Platypus Finance provides recovery estimates after flash loan attack appeared first on CryptoSlate.

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USP Stablecoin Loses Dollar Peg as DeFi Protocol Platypus Suffers $8.5M Attack

The flash loan attack caused Platypus Finance’s native stablecoin to fall to 48 cents from $1. The potential loss is $8.5 million, according to blockchain security firm CertiK.

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Defrost attacker returns stolen funds amid ‘rug pull’ accusations

Recently exploited decentralized leverage trading platform Defrost Finance reveals that $12 million in stolen funds were returned by a hacker, raising suspicions of a rug pull. Defrost Finance hack Defrost Finance experienced a flash loan attack on December 23. It…

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Hackers liquidate Defrost Finance, triggering a $12m loss

Blockchain security watch firm PeckShield confirmed a flash loan attack in Defrost Finance has led to users losing more than $12 million.  Defrost V1 and V2 under investigation  After a few users complained about significant losses in their accounts, Defrost…

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DeFi flash loan hacker liquidates Defrost Finance users causing $12M loss

Moments after a few users complained about the unusual loss of funds, Defrost Finance’s core team member Doran confirmed that Defrost V2 was hit with a flash loan attack.

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Protocol Developer Archblock Aims to Bring US Community Banks to DeFi Through Partnership

Archblock’s and Adapt3r’s joint effort focuses on onboarding U.S.-regulated financial institutions and low-risk investments to decentralized finance protocols after a series of loan defaults.

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Maple Finance 2.0 overhaul aims to speed the process for loan defaults

The overhaul of the protocol, dubbed "Maple 2.0," comes only weeks after the decentralized lending platform saw two major defaults on the back of FTX's collapse.

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DeFi protocol, Lodestar Finance, hacked in flash loan attack

A flash loan attack was launched against the Arbitrum-based borrowing protocol Lodestar Finance.

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Crypto Audit Platform Sherlock Expects $4M Loss From Troubled Loans on Maple Finance

Sherlock deposited $5 million USDC of its staking pool into the beleaguered credit pool on Maple, which suffered a $31 million hit from Orthogonal Trading’s loan defaults.

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FTX Contagion Spreads as Orthogonal Trading Gets Default Notice for $36M Debt on Maple Finance

Orthogonal Trading was due to pay back a $10 million USDC stablecoin loan on Dec. 4.

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Crypto Trader Auros Global Misses Payment on DeFi Loan as FTX Contagion Spreads

The company missed payment on a 2,400 wrapped ether loan, worth $3 million, from a M11 Credit pool on Maple Finance.

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Wintermute repays $92M TrueFi loan on time despite suffering $160M hack

After repayment of TrueFi’s $92 million loan, Wintermute still owes $97.4 million to Maple Finance and Clearpool in loans.

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DeFi Apps display their soft underbelly - October 2022 is the biggest month for Crypto hacks ever

Decentralized Finance protocols are harder to run than they look. There are multiple points of failure for platforms including smart contract exploits, flash loan attacks, and rug pulls by anonymous employees.

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Icebreaker Finance launches $300 million fund for bitcoin miners

Icebreaker Finance will offer fully collateralised loans to blue-chip mining companies. Loan periods are… The post Icebreaker Finance launches $300 million fund for bitcoin miners appeared first on CoinJournal.

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$371K in USDC stolen in an Avalanche flash loan exploit

Avalanche-based lending protocol Nereus Finance was hacked and $371K in USD Coin (USDC) was… The post $371K in USDC stolen in an Avalanche flash loan exploit appeared first on CoinJournal.

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The future of Aave after the approval of the GHO stablecoin

Aave (AAVE/USD) is a decentralised finance (DeFi) protocol that enables people the opportunity to lend as well as borrow cryptocurrencies. The lenders can earn interest by depositing digital assets within specific liquidity pools, whilst borrowers can use their crypto as collateral and take out a flash loan using the liquidity.

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Solana-based stablecoin NIRV drops 85% following $3.5M exploit

The $3.5 million flash loan attack Solana-based Nirvana Finance saw the price of its stablecoin NIRV and native token ANA fall around 85% apiece.

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DeFi solution offers 24/7 real-time check on liquidation risk

Getting a loan with your crypto assets as collateral in decentralised finance (DeFi) has been made so easy, with protocols such as MakerDAO, Compound, Aave, and Alpaca Finance leading the way. On-chain, all things look smooth as billions of dollars make it into these protocols around trending prospects like yield farming.

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Celsius Pays Off Aave Loan, Moves $418M 'stETH' Stack to Unknown Wallet

The liquidity-stricken crypto lender fully paid off its debt to decentralized finance protocol Aave freeing up $26 million in tokens as part of its latest debt restructuring maneuver.

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Crema Finance Attacker Returns Almost $8M, Keeps $1.7M Bounty

The protocol had more than $9 million worth of cryptocurrencies stolen from its platform over the weekend in a flash loan attack.

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DeFi Protocol Inverse Finance Exploited for $1.2M

Attackers appear to have used a flash loan attack to drain Inverse Finance of bitcoin and tether.

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Celsius Network Review – How Legit Is This Crypto Loan Provider?

Crypto lending and borrowing is the core of world’s finance and a driving force for economies worldwide. It has entered the world of cryptocurrencies as well with a slew of platforms offering cryptocurrency backed loans.

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TrueFi launches a debt financing portfolio independently-managed by Cauris Finance

TrustToken, the firm behind top unsecured lending protocol TrueFi, has launched its first independently-managed lending portfolio, the firm said on Monday. The new loan portfolio will be managed by debt financing fintech startup Cauris Finance, via TrustToken’s TrueFi protocol.

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SmartCredit.io Introduces Staking, Credit Lines, and Bonus Rewards

SmartCredit. io ventures into the world of credit lines, staking, and bonus rewards through its decentralized finance loan marketplace. Furthermore, the platform now supports various new collaterals and assets and has enabled fiat on- and off-ramps.

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Three Hacks in a week- DeFi applications display their soft underbelly

Decentralized Finance protocols are harder to run than they look. There are multiple points of failure for platforms including smart contract exploits, flash loan attacks, and rug pulls by anonymous employees.

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Deus DAO suffers another flash loan exploit, loses over $16M

Deus Finance DAO has suffered another exploit and lost $13.4 million worth of ETH to a hacker less than a month after being hacked in a similar flash loan attack for roughly $3 million. The post Deus DAO suffers another flash loan exploit, loses over $16M appeared first on CryptoSlate.

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DeFi Hacker Steals $13.4M in DEUS Finance Attack

The DEUS team said that user funds were safe. DEUS Finance Suffers Flash Loan Exploit DEUS Finance DAO is the latest DeFi protocol to suffer a major attack. The multi-chain...

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How Deus Finance Was Exploited for $13.4M on Fantom

The attack, which used a flash loan, follows a March exploit that netted $3 million.

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Looking to take out a crypto loan? Here’s what you need to know

Cryptocurrency-based loans have grown to be one of the most utilized decentralized finance (DeFi) that have emerged from the cryptoverse.

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Paxo Finance Aims to Bring Millions of Users to DeFi with Unique Under-Collateralized Loan Protocol

Blockchain technology started as a small, niche corner of the tech and finance world but has evolved into a massive phenomenon that drastically changed the way people think about assets, business, and more.

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Celsius Network Review 2022 – How Legit Is This Crypto Loan Provider?

Lending and borrowing is the core of world’s finance and a driving force for economies worldwide. It has entered the world of cryptocurrencies as well with a slew of platforms offering cryptocurrency backed loans.

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How these two DeFi protocols fell prey to $11 million 'reentrancy attack'

On 15 March, an attacker siphoned over $11 million from two DeFi platforms, Agave and Hundred Finance. It appeared to be a flash loan 'reentrancy attack' on both protocols on the Gnosis chain as per iThe post How these two DeFi protocols fell prey to $11 million 'reentrancy attack' appeared first on AMBCrypto.

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