Defi

Decentralized social network application Damus has been banned from operating in mainland China, over concerns that its app includes content that is illegal in China. The mobile app which is a decentralized version of Twitter went live on…

Cross-chain protocol Stargate Finance has initiated a proposal to reissue 1 billion STG tokens, following concerns that Alameda’s wallet holding 10% of the token supply has been compromised. During Stargate’s public sale on March 17, 2022,…

Shredded Apes announced on Feb. 1 that its main wallet containing royalties and the native token (WHEY) was breached. The official Shredded Apes explained that all funds were transferred to “‘EgnTKUUsN1nyq4ap7hK9VSqSettH6T4gvLvdj3spneCg‘…

Blockchain analytical firm Peckshield tweeted that the Cream Finance (CREAM) exploiter transferred 365.7 ETH — worth $600,000 — to an unknown centralized crypto exchange TradeOgre on Jan. 30. The exploiter had transferred 2,070 Ethereum —…

On the one hand, DeFi projects had countless hacks and one of the most disastrous collapses in tech/internet history with Terra. Combined with macro conditions, these factors caused the DeFi market to decline significantly, even more than…

Solana-based DeFi platform Friktion has urged its users to withdraw their funds from the protocol, as it moves to suspend all frontend operations. The Friktion team said it made the tough decision to suspend its operations due to the…

Aptos (APT), the layer 1 proof-of-stake blockchain developed by ex-Meta staff that supports smart contracts and decentralized applications, has been one of the biggest winners this January, with the token surging more than 343.76% in the…

Four Real-World Asset (RWA) lending protocols ranked among the top ten Defi lending protocols that collect the largest sum of 180-day cumulative interest fees paid by users, according to crypto influencer Defilgnas’ recent analysis. TrueFi…

BitcoinMonthly active developers grew 5% YoY, despite a more than 70% decline in crypto prices in 2022, according to a recent crypto developer report from venture firm Electric Capital. The report also outlined more than 8% YoY growth in…

The biggest crypto-related sanctions by the U.S. Office of Foreign Assets Control (OFAC) in 2022 caused a significant dip in the potential revenue of illicit actors, Chainalysis found. The U.S. sanctioned a number of crypto-related…