DeFi

Individuals engaging in airdrop squatting are fabricating accounts across platforms with the sole intent of harvesting airdrop tokens, potentially depriving genuine users of their fair share.

Following convictions for wire fraud, commodities fraud, and commodities manipulation, he could potentially face a maximum sentence of 20 years in prison.

SingularityNET partners with Minswap Labs to integrate AI into Cardano DeFi, enhancing user interfaces and liquidity. AGIX token integration expands utility. CEO Ben Goertzel highlights transformative potential. Anticipated impact on ADA and AGIX prices. Exciting developments ahead for Cardano ecosystem.

Members of the crypto community on X are abuzz with speculation about Ethereum co-founder Vitalik Buterin's recent deposit of $330K worth of crypto into Railgun's privacy protocol.

This group of scammers has been associated with numerous rug pulls, including projects like Magnate, Kokomo, Solfire, and Lendora.

The issuance of a Wells Notice by the SEC to Uniswap Labs has sparked a unified response from the crypto community, rallying in defense of DeFi innovation and decentralised principles.

SEC reportedly targeting UniSwap in alleged bid to rein in DeFi growth. UniSwap gears up for legal battle, defends legitimacy amid SEC threat. Founder Hayden Adams expresses determination amid uncertainty.

Aave is considering implementing a fee distribution mechanism in its decentralized lending platform, potentially reshaping DeFi. The proposal involves activating a 'fee switch' to redistribute fees to platform holders, reflecting discussions led by Aave Chan Initiative founder Marc Zeller. This move underscores Aave's commitment to aligning fee policies with its evolving needs and objectives, driven by the governance model of AaveDAO. However, challenges such as balancing risk and reward, as seen in debates over Dai collateral restrictions, highlight the complexity of managing decentralized protocols. This proposal aligns with broader industry trends, mirrored by Uniswap's similar initiative, indicating a maturing DeFi landscape.

DeFi sector faces substantial losses from recent hacks, yet shows resilience with a $99M recovery. Munchables protocol hit hardest with $97M loss, hacker returned funds voluntarily. Curio Network and Prisma Finance negotiate losses, while NFPrompt and WooFi suffer significant damages. Persistent vulnerabilities emphasize the urgent need for improved security measures.

Pendle Finance rallied the community and collaborated with Twitter officials to reclaim control of their compromised Twitter account.