Moonwell Loses $1 Million Due to a Chainlink Oracle Failure
TL;DR The Moonwell protocol suffered an exploit on its lending platform on Base, caused by a Chainlink oracle malfunction that valued 0.02 wrstETH at $5.8 million.
DeFi News (Latest Publications)
Decentralized finance, known as DeFi, is emerging as the evolution of the obsolete traditional finance, these DeFi provide an extra of decentralization, transparency and security.
In this section you will find the latest news related to decentralized finance, new projects, partnerships and everything you need to be informed of that happens around you.
Without the need to trust third parties, more secure, transparent and without borders, DeFi will give a lot to talk about and from Crypto Economy we will tell you about it.
Chainalysis CEO: DeFi Can Emerge Stronger Amid Warnings of Large-Scale Attacks
TL;DR Chainalysis warned that the DeFi sector, with nearly $150 billion in total value locked, has grown without security standards, exposing users to massive losses. Recent
DeFi Market Update: $285M in Exposure Identified Following Stream Finance Collapse
TL;DR Analysts estimate that debt related to Stream Finance totals $285 million. The exposure affects multiple DeFi protocols due to the use of rehypothecated synthetic assets
DeFi platform Stream Finance halts operations after $93M loss
TL;DR: Stream Finance halted all operations after a $93M loss. XUSD stablecoin crashed nearly 70%, sparking panic withdrawals. The event renewed calls for stronger DeFi transparency
Berachain Issues Update on BEX Exploit With Emergency Hard Fork Planned
TL;DR Berachain shared new updates after the exploit impacting BEX pools, reinforcing that user fund protection remains the top priority. A new binary now blocks transfers
Balancer Suffers $128M Exploit Draining Wrapped ETH liquidity
TL;DR The Balancer protocol suffered a massive exploit of approximately $128.64M, affecting wrapped ETH and related assets across Ethereum, Arbitrum, Base, Polygon, Berachain, Sonic, and Optimism.
Garden Finance Suffers Massive $5.5M Exploit Across Multiple Chains
TL;DR Garden Finance suffered a multichain hack that drained between $5.5 million and $10 million in assets, including BTC, WBTC, WETH, cbBTC, and SEED. The SEED
SoSoValue Reinforces Commitment to DeFi as SoDEX Debuts Mainnet and Empowers $SOSO
TL;DR: SoSoValue launches SoDEX mainnet on L1 ValueChain. $SOSO token upgraded to native gas and governance token. Platform improves speed, lowers fees, and empowers community governance,
1inch Joins Forces with Innerworks to Build the First AI-Powered Shield for DeFi
TL;DR 1inch partners with Innerworks to deploy AI-powered DeFi protection. AI system predicts and neutralizes cyberattacks before they occur. RedTeam simulations reveal 99% bypass rate for
Gate Ventures Expands DeFi Reach with Strategic Acquisition of ADEN
TL;DR: Gate Ventures acquires ADEN, a top decentralized perpetual swap exchange with $20B monthly volume. ADEN will migrate to Gate Layer 2 network, improving speed, security,
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