Thomás Fogarty1, Miguel Ángel García-March2, Lea F. Santos3, and Nathan L. Harshman41Quantum Systems Unit, Okinawa Institute of Science and Technology Graduate University, Onna,...
Raees Cajee, the co-founder of South African crypto investment platform AfriCrypt, has denied claims after it was reported that he and his brother ran off with billions in investor funds. Instead, he asserted that the platform lost $5 million in a hack. As reported previously, AfriCrypt, an asset manager purporting to offer daily returns of […]
The team of Lendefi, a protocol delivering leveraged trading and secured lending for cryptocurrency markets, today announced that its protocol has now been deployed on the Binance Smart Chain testnet. Utilizing an undercollateralized loan model, Lendefi facilitates a trustless relationship between lender and borrower, managed by the protocol to remove counterparty risk. “This milestone takes […]
Polygon-based defi project Safedollar became the latest victim of an exploit earlier today as hackers managed to exploit a security vulnerability in the algorithmic stablecoin’s liquidity pool. The security breach crashed the price of the defi protocol to zero. Hackers managed to initiate an infinite mint and drained $250,000 worth of stablecoins from the liquidity
The price of SafeDollar (SDO), an algorithmic decentralized finance (DeFi) stablecoin based on the Polygon (MATIC) blockchain, has plummeted to literally zero as a result of what appears to be an exploit today.