Latest news

  • This Week in DeFi – April 24th

    To Our DeFi Community,
    Another week in the world of DeFi in the books! Per usual, it’s been filled with excitement and innovation.
    The week started off with a bang as dForce – the Multicoin-backed Chinese DeFi startup – was hacked for $25M. The attacker leveraged what’s called a “reentrancy attack” via the ERC777 token standard which also allowed for the imBTC Uniswap exploit just a day prior. The attack comes the same week the dForce team closed their strateg… … More

  • DeFi Platform dForce Hacked for $25M

    dForce – a China-based startup aiming to build a DeFi super network – was hacked for nearly $25M late last night. The attack was on the platform’s lending application, LendF.me, and was found to be using the same basis as the attack that drained Uniswap‘s imBTC/ETH pool the day prior. #DeFi platform @dForcenet has been drained of $24M in capital The loss of funds comes the same week the team closed its $1.5M investment round
    More details to come h/t @defiprime @defipul… … More

  • This Week in DeFi – April 17th

    To Our DeFi Community,
    It’s been another thrilling week in DeFi. We saw two prominent projects, 0x and Gnosis, each announced new decentralized exchanges (DEXs), Compound launch its community governance, along with the first-ever ENS-backed loan.
    In addition, despite the global economic turmoil, DeFi VCs haven’t skipped a beat. First, we saw Atomic Loans – a DeFi platform for lending Bitcoin and receiving DAI or USDC loans – raise $2.45M led by Initialized along with part… … More