DeFi
Step Finance says compromised execs’ devices led to $40M crypto theft
Step Finance announced that it lost $40 million worth of digital assets after hackers compromised devices belonging to the company’s team of executives. The platform detected the breach on January 31 and engaged cybersecurity researchers who helped it recover some of the stolen assets. Step Finance is a decentralized finance (DeFi) platform and analytics tool built […]
Hacker steals over $120 million from Balancer DeFi crypto protocol
The Balancer Protocol announced that hackers had targeted its v2 pools, with losses reportedly estimated to be more than $128 million. Balancer is a decentralized finance (DeFi) protocol built on the Ethereum blockchain as an automated market maker and liquidity infrastructure layer. It provides flexible pools with custom token mixes, allowing users to deposit assets, […]
Canadian charged with stealing $65 million using DeFI crypto exploits
The U.S. Justice Department has charged a Canadian man with stealing roughly $65 million after exploiting two decentralized finance (DeFI) protocols. DeFI platforms are blockchain-based systems that facilitate peer-to-peer financial services, eliminating the need for conventional centralized financial intermediaries like banks or brokerages. These platforms deliver various financial services related to digital assets, enabling their […]