DeFi News

High yield staking platform Bent Finance has confirmed that it has been attacked, advising investors to withdraw funds - becoming the sixth hacked decentralized finance (DeFi) platform we reported on this month alone.

Maple Finance, an institutional capital marketplace focused on crypto, has issued its first syndicated loan in excess of USD 100m to Alameda Research, a quantitative trading firm and parent company of crypto derivatives exchange FTX.

Decentralized finance (DeFi) protocol Compound Finance faced more trouble as nearly USD 65m worth of COMP was dripped into the contract plagued by a bug.

Indicating that major financial players have not been scared away from cryptoassets by the ongoing market downturn, the Fairfax County Retirement Systems, a US pension fund with assets totaling USD 6.8bn, has unveiled it is looking to invest in crypto lending markets to ramp up its returns.

The former head of the commercial banking giant the state-owned Bank of China has sent out a warning about decentralized finance (DeFi) – a suggestion perhaps that Beijing might one day follow up its crypto crackdown with a set of measures aimed at restricting access to the sector.

US Senator Cynthia Lummis disclosed the purchase of bitcoin (BTC) worth USD 50,001-100,000 in a filing. She executed her latest purchase on August 16 via the brokerage platform River Financial.

The American Securities and Exchange Commission chief Gary Gensler will not be a “cheerleader” for crypto, a new interview has revealed – and indicated that after tightening regulations on crypto exchanges, he may well turn his attention to policing the world of decentralized finance (DeFi).

Badger DAO, a decentralized autonomous organization (DAO) that enables bitcoin (BTC) to be used as collateral across decentralized finance (DeFi) applications, has fallen victim to an exploit.

The biggest decentralized finance (DeFi) hack, of interoperability protocol Poly Network, with roughly USD 600m stolen is not over just yet, as the attacker has not yet provided the final key of the multisignature wallet, stating that they will provide it "when everyone is ready." However, the attacker has been offered a significant position on the team.

Compound Finance founder is now backpedaling a controversial statement, while the community is once again questioning how decentralized DeFi really is.