Day: March 2, 2021

Yearn Raises Dai Vault Limit as Alchemix Deposits Surge

Deposits in Yearn Finance’s DAI vault are rising after synthetic assets protocol Alchemix started using Yearn for its backend last week.  Alchemix deposits quintupled to almost $130M from less than $25M on Feb. 27, when the protocol launched. The surge pushed Yearn to raise its Dai vault limit to 300M from 100M. The move shows …

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Furucumbo Commits to Compensating Hack Victims

An anonymous hacker has exploited transaction batching  protocol Furucombo and walked away with $15M in stolen crypto over the weekend. The team is pledging to compensate victims. The attacker used a contract which tricked Furuсombo into thinking that their contract was a new version of Aave, and was able to transfer funds of every user …

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Dedaub Claims $250k in Bounty for Primitive Finance Bug

ArmorFi CTO Robert Forster has awarded the Dedaub Team $250k $ARMOR tokens following the successful disclosure of a critical vulnerability in Primitive Finance to Immunefi. The award is part of the R Bounty program, now renamed the Founders Bounty, where Foster, working together with Immunefi, pledged that amount to anyone who discovered a flaw in …

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“Tiananmen” Contract on BSC Seeking to Provoke CZ

An unknown developer has deployed a smart contract called “Tinenanmen_Square”  (mis-spelling Tiananmen Square), a censored topic in China, on Binance Smart Chain (BSC), with the implied intention of testing just how decentralized the chain really is.  The smart contract is a game where users can mint TANK tokens starting at 1,000 TANKs, and going down …

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Beeple & Grimes are Latest in High-Profile NFT Auctions

As high-profile NFT sales gain unprecedented mainstream visibility, the crypto space seems to be primed for an influx of newcomers. Just two days into March, and it’s clear this is going to be another record-setting month with major NFT auctions already making waves.  Beeple The first is Beeple’s “Everydays: The First 5000 Days” NFT which …

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