$20M exploit cripples Sonne Finance, hacker in no mood for negotiation
Lending protocol Sonne Finance was forced to pause operations after suffering a hack that drained $20 million worth of cryptocurrencies from the market. On May 14, around 10:30 pm UTC,…
Solana-based Cypher developer confesses to gambling away $300K of user funds
Pseudonymous Cypher Protocol developer Hoak has confessed to stealing nearly $300,000 worth of user funds and gambling them away. The core developer of the Solana-based cross-margin decentralized exchange (DEX) admitted…
DeFi may struggle to stay decentralized after new EU law
New regulations in the European Union may soon force decentralized finance (DeFi) protocols to make tough decisions. At the heart of the issue is the tendency of many DeFi protocols…
Polymarket raises $70M from Vitalik Buterin, Founders Fund
Peter Thiel’s venture capital firm, Founders Fund, and Ethereum co-founder Vitalik Buterin have spearheaded a $70 million fundraising effort for Polymarket, a platform enabling betting on political events. According to…
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