Belt Finance Novice

The Ethereum layer-2 blockchain Optimism witnessed a significant security breach involving multichain lending protocol Hundred Finance. According to the protocol, the losses amount to $7.4 million. Hundred Finance disclosed details of the exploit...

The research reveals that crypto losses in the nature of exploits and rug-pulls saw a 137% rise in comparison to figure calculated in 2020.

Near protocol allocates $800 million to its DeFi ecosystem, and Immunefi raises $5.5 million to advance its security service — all of this and more coming to you in this week’s Finance Redefined.

The platform has paid out more than $7.5 million in bug bounties since inception in December 2020.

Roughly $12.7 million worth of tokenized Bitcoin has been stolen from the BSC-based cross-chain composability platform pNetwork.

The massive multi-million dollar exploit of the decentralized finance Poly Network sent shockwaves through the nascent industry, but there appears to be a happy ending.  

The cross-chain DeFi protocol THORChain has suffered its second security breach in less than a month - this time, the attackers stole millions of dollars in crypto.

Yet another DeFi protocol was exploited today. This time, it was the popular Bondly Finance. BONDLY's price is already 60% in the red.

Following a second exploit in 9 days, over 14 tokens listed on the ChainSwap bridge have plunged 99%. The company insists: funds from individual wallets are safe.

Binance Smart Chain is getting overrun by hacks, with CipherTrace brought in to keep the BSC-based DeFi platforms safe.