Beanstalk Farms had been gaining a lot of traction but today, it lost a whopping 180 million dollars and hacker got out with $76 million. All funds stored in smart contract of Beanstalk Farms have been emptied.
Staking is when an individual locks up their crypto holdings for a certain period of time with the benefit of earning rewards. The use of cryptocurrencies nowadays makes us think about the evolution of currencies and payments in general. The idea of trading started around 3000BC. Later, humans invented coins in 600B.C., leading to paper money in the 7th century.
(more…)Inverse Finance DeFi was hacked earlier today with hacker taking whopping 11.7 million dollars, with protocol loss being much larger as less will be using it from now on. This DeFi hack was made possible by making use of price oracle manipulation bug.
Porta Network that claims to make blockchain products accessible to everyone, just rug pulled on its users, stealing more than half million dollars, $0.6M to be precise, saying they lost funds in a robbery. They say that thieves were dressed as investors and stole funds from company’s wallet which were present in same room.
Lucky Coin is one of latest cryptocurrencies that is using popular influencers like Shehnaaz Gill for promotion. They make her say things like “Lucky Coin is fastest cryptocurrency to reach 1-billion dollar marketcap.” Then she adds that the project was able to reach this very marketcap with its 32-thousand investors.
CronjeFinance was launched yesterday but some had already identified hard rug code which we were certain would be executed. This is a tomb fork that contains a recovery function, according to rugdoc’s twitter account. This tomb fork function allows governance to withdraw all staked tokens 90 days after poolEndTime.
(more…)APE coin is official token of Bored Ape Yatch Club and backed by large number of famous corporations and companies. Naturally, more and more companies would want to associate themselves with APE coin and Bored Ape Yatch Club. Newest one to join the club is the famous Time magazine.
Paraluni, short for Parallet Universe is a DeFi app on Binance Smart Chain. Today, it was hacked in single transaction where whopping 1.7 million dollars in total.
US President Biden will soon be signing an executive order that will have direct effect on bitcoin, cryptocurrencies and CBDCs. Keep in mind that no direct action will be taken from this order as it only lays out a process and series of deadlines for an interagency team to write framework around digital assets in 6 different, broad, categories. There are six categories of ‘objectives’ set out by the executive order.
(more…)Stone Finance launched its project today and within minutes, performed the rug pull on its investors. Its contract was unverified and anyone who mentioned the word rug was immediately banned from their discord. Well, the project is gone now and so is your money, incase you invested in a shady project like Stone Finance.
