Day: November 17, 2020

Flash Loan Hackers Drain $16M+ From DeFi Protocols in One Week

Hackers were able to drain $16.4 million in ETH and Dai from DeFi projects Akropolis, Value DeFi Protocol, and Origin Protocol using flash loans, just in the past week. Value DeFi Attack An attacker on Value DeFi swapped flash-loaned ETH for DAI and USDT, deposited part of the flash-loaned DAI into Value DeFi’s multi-stablecoin vault. They …

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Uniswap Liquidity Plunges After UNI Rewards End

Uniswap’s total liquidity has almost halved after the decentralized exchange ended its token rewards program on Monday afternoon. Down to $1.8B from a peak of $3.3B just 24 hours earlier, the drop in liquidity goes to show how powerful UNI rewards were for attracting capital, good for the #1 spot on DeFi Pulse’s TVL leaderboard …

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