LooksRare Fork Sudorare Rugs for $800K Despite Crypto Twitter Warnings
Developers behind the project deleted Sudorare’s social media channels and its website on Tuesday morning.
Inside the $3B DeFi Exploit of Acala's Crypto Platform
The exploit of one of Acala's liquidity pools demonstrates how easily billions of dollars can be siphoned from DeFi platforms, potentially wreaking havoc on an entire industry in a matter of minutes.
Uniswap Blocks 253 Crypto Addresses Related to DeFi Crimes
Decentralized exchange (DEX) Uniswap has blocked 253 crypto addresses possibly linked to sanctioned crypto mixer Tornado Cash or to stolen funds. “The Hash” hosts discuss what this suggests about the state of DeFi as the crackdown on Tornado Cash continues.
Crypto Investment Scams Fall With Market Downturn, but DeFi Hacks Surge: Report
Crypto investment scams are down along with the rest of the market, Chainalysis Director of Research Kim Grauer tells “First Mover,” citing macroeconomic headwinds and law enforcement actions. But, at the same time “the hacking of DeFi protocols is way up,” she explains.
Why Smart Contract Platforms Held Up Better Than DeFi Amid Inflation Fears
Amid inflation concerns, CoinDesk Indices Managing Director Jodie Gunzberg tells “First Mover” that the smart contracts sector held up better than the “recession sensitive sectors” like DeFi. “We are seeing divergence based on different use cases of different assets,” she explains, using CoinDesk’s Digital Asset Classification Standard, also known as DACS.
How Digital Asset Sectors Are Performing Across Crypto Markets
CoinDesk Indices Managing Director Jodie Gunzberg breaks down how various major digital asset sectors are performing in the broader crypto markets, explaining the divergence in performance based on different use cases and recession impacts. Why are smart contract platforms holding up better than DeFi? Plus, the implications for the future of global finance.
Popular Uniswap Frontend Blocks Over 250 Crypto Addresses Related to DeFi Crimes
The move comes shortly after the U.S. government placed sanctions on privacy mixer Tornado Cash, prompting other DeFi developers to take protective measures.
