Defrost Finance, a decentralized leveraged buying and selling system on Avalanche blockchain, announced that each of its variations — Defrost v1 and Defrost v2 — are becoming investigated for a hack. The announcement arrived soon after traders described dropping their staked Defrost Finance (Melt) and Avalanche (AVAX) tokens from the […]
DeFi
The Li Finance swap aggregator has skilled a smart contract exploit top to the reduction of all over $600,000 from 29 users’ wallets. The exploit took location at 2:51 am UTC on Sunday. The attacker was equipped to extract various amounts of 10 distinct tokens from wallets that had presented […]
Writing a book on decentralized finance is a bit like describing a riddle, wrapped in a mystery inside an enigma, to borrow from Winston Churchill. First, one must summarize the origins of modern decentralized finance, then the mechanics of the blockchain technology that provides the sector’s backbone, and only then […]