Multichain Has Recovered 50% of Stolen Funds From January Exploit

The “ultimate cross-chain router for Web3” Multichain recovered nearly $2.6M in lost funds from recent liquidity pool and router contract exploits. Sponsored Sponsored The Multichain protocol announced the recovery of 50% of stolen funds from an exploit first identified on Jan. 10, 2022. Sponsored Sponsored Blockchain security company Dedaub notified Multichain about two soft spots … Read more

Cross-Chain Bridge Hack of Meter Sees $4.4M Stolen

Meter, an infrastructure provider for DeFi, is urging a hacker who exploited a deposit mechanism to return the $4.4M of stolen funds. Sponsored Sponsored A blockchain infrastructure company that operates in the Decentralized Finance space, Meter, was hacked on Feb. 5, 2022. The hack occurred on a bridge and saw $4.4M stolen. The funds stolen … Read more

Fantom (FTM) Overtakes Binance Smart Chain (BSC) for Total Value Locked in DeFi

Fantom is now only behind Ethereum and Terra with respect to Total Value Locked, and has 129 protocols using it. Sponsored Sponsored The Fantom Network now has $11.73B in Total Value Locked. Fantom is a proof-of-stake network of blockchains that sets out to solve scalability issues such as the cost of transactions, transaction throughput (tps), … Read more

Promise and Problems of the DeFi Oracle — When Data Fails

Decentralized Finance (DeFi) has had a meteoric rise over the last year. This spectrum of protocols and projects all hinges on the ability of code to replace trust. However, what happens when the data fails? Sponsored Sponsored In the world of traditional finance, we typically rely on the banking system as an intermediary to execute … Read more