$83,821.00
-1.57%$1,882.93
-1.30%$2.14
-3.99%$609.53
-3.02%$126.81
-3.53%$0.999959
0.02%$0.175231
-3.64%$0.686039
-2.13%$0.234014
1.65%$1,882.13
-1.40%$83,665.00
-1.59%$3.75
-6.08%$9.71
-0.86%$13.99
-2.74%$20.12
-2.52%$0.270344
-1.90%$2,254.18
-1.29%$2.45
-5.26%$0.999908
0.02%$0.00001291
-2.17%$0.175446
-4.15%$86.64
-2.26%$4.17
-2.92%$6.24
-2.67%$307.56
-1.78%$0.82912
-0.39%$4.67
-2.70%$1,882.01
-1.33%$0.999267
0.04%$0.999112
-0.07%$12.89
-5.24%$2,000.77
-1.37%$28.59
-0.93%$216.99
-1.67%$6.16
-3.65%$5.49
-2.29%$2.69
-4.21%$0.00000761
-3.59%$1.045
0.10%$48.89
-0.26%$36.02
-2.00%$22.84
-1.25%$0.101789
-5.40%$0.821629
-1.58%$83,793.00
-1.68%$179.61
2.27%$5.50
-3.68%$0.99861
-0.05%$0.811766
-6.00%$16.96
-1.80%$1.16
0.13%$10.24
-2.42%$237.02
-6.35%$0.02336656
-4.54%$0.377188
-3.69%$4.50
-1.76%$1.00
0.00%$3.32
-9.44%$3.65
-2.36%$2.81
-2.29%$0.205564
-3.94%$83,238.00
-1.77%$4.02
-0.11%$0.065802
-8.31%$0.515257
-8.76%$0.188662
-6.40%$0.338267
-5.65%$5.29
0.92%$11.12
-0.95%$0.480782
-6.30%$83,722.00
-1.40%$0.803837
-5.34%$0.495683
-3.12%$1,427.32
1.22%$0.473067
0.91%$1,956.82
-1.33%$1,881.17
-1.40%$1.10
-1.25%$0.06908
-1.77%$132.19
-3.81%$18.24
0.89%$0.578728
-1.61%$69.39
-4.49%$0.814931
-7.14%$0.639006
-5.65%$0.99924
-0.11%$2,131.13
-1.42%$0.00001182
-6.14%$0.186186
-5.08%$0.997617
-0.01%$9.05
-5.54%$0.092576
-4.59%$0.999752
0.07%$0.864672
-5.35%$7.95
-2.70%$0.559582
-5.59%$0.999405
-0.10%$0.01322088
-3.79%$0.895974
-5.91%$83,395.00
-1.60%$0.999921
0.05%$3,104.15
0.62%$0.999443
-0.11%$1,995.63
-1.48%$609.31
-3.00%$0.01585076
-6.17%$0.666411
-3.38%$83,739.00
-1.49%$0.00000068
-0.73%$0.275746
-3.49%$3,097.59
0.70%$2.16
-5.23%$0.178018
-4.73%$32.52
-2.84%$0.483089
-10.15%$0.999776
-0.03%$162.36
-3.29%$0.103776
-3.78%$0.385975
-3.84%$2.01
-7.51%$0.00006075
-6.45%$7.96
-2.79%$36.65
1.50%$1,961.46
-1.21%$0.01133654
-2.82%$3.04
-6.34%$0.436472
-3.29%$16.26
-3.84%$0.148118
-5.11%$138.97
-3.39%$0.999695
0.03%$0.075569
1.10%$1.77
-5.76%$0.677132
-3.20%$0.998049
-0.00%$0.999988
0.06%$3.00
-5.74%$81,534.00
-1.41%$0.00511162
-7.96%$16.71
-4.03%$0.999742
-0.03%$0.249545
-6.85%$1.69
4.60%$0.428075
-3.93%$27.94
4.38%$0.490917
-13.47%$6.47
-6.11%$0.174992
-3.69%$0.448385
-7.83%$1,995.14
-1.47%$0.720475
-2.36%$6.75
-4.57%$0.434571
-13.88%$1,882.19
-1.34%$0.00000044
1.09%$83,686.00
-2.07%$84,470.00
1.02%$0.153225
-5.43%$2.60
-5.22%$0.082969
-4.06%$1,882.00
-1.34%$0.629271
-7.91%$0.999525
-0.10%$1,882.60
-1.37%$1.081
-0.13%$0.406152
-2.06%$1.15
-2.82%$0.04234891
-4.82%$0.00002021
-2.37%$0.49029
-2.55%$1.11
1.32%$0.490156
-3.47%$110.49
0.02%$0.00741025
-12.76%$0.00611372
-6.94%$1,963.72
-1.35%$0.00675034
-4.88%$83,617.00
-1.50%$0.205609
-3.96%$40.38
-4.14%$0.864921
-4.90%$0.373863
-6.80%$0.999125
0.02%$0.00408322
2.44%$1.001
0.42%$0.00000167
-1.65%$0.999799
-0.07%$0.169504
-4.83%$83,272.00
-1.36%$1,881.38
-1.22%$1,888.33
-2.90%$0.00006027
-3.83%$1.001
-0.29%$1.36
-4.63%$0.03221976
-4.82%$123.37
-1.02%$0.0096055
-4.06%$1.28
-1.50%$0.03130607
1.34%$0.251458
-2.63%$0.261286
-2.33%$1,864.85
-1.33%$1.42
7.57%$3.81
0.16%$2.69
-9.99%$0.533889
-11.42%$0.67919
-0.12%$1,883.88
-1.19%$2.93
0.60%$0.800788
-6.28%$82,924.00
-1.40%$22.19
-3.50%$83,644.00
-1.61%$0.195871
-3.39%$1.11
-2.40%$0.091513
-1.90%$2,059.18
-1.33%$1,988.16
-1.26%$16.28
-4.60%$0.26072
-3.76%$3,083.42
0.49%$0.069146
-3.56%$0.03646692
-4.76%$0.553344
-0.57%$2,046.43
-1.13%$0.0314526
-5.12%$0.488757
-3.33%$0.10761
-6.44%$0.00325111
-4.32%$0.117401
-0.98%$0.00234056
-7.34%$0.0310898
-2.21%$1,870.95
-2.81%$0.961908
-7.88%$0.999811
0.02%$1,683.24
-1.63%$0.00495702
-6.55%$0.676293
-3.37%$0.01145026
-4.53%$0.533365
1.84%$0.303292
-13.75%$20.15
-0.70%$2.18
-0.17%$0.00244437
4.85%$0.999617
0.02%$0.00238392
-8.24%$0.553803
-5.60%$0.999586
0.35%Reading
A trader has again exploited a number of decentralized financedecentralized finance (DeFi) tools, to take home a large amount of Ethereum (ETH). After netting $350,000 on Valentine’s Day, he or she has now taken a further $645,000—a total just shy of a million dollars.
The theft happened in the same way. A clever set of instructions—all executed in one big transaction—enabled the trader to leverage current weaknesses in the DeFi ecosystem for their own gain. By using several decentralized financial tools, and a small dose of price manipulation, they were able to take home a lot of Ethereum.
A smart trader has exploited various protocols in the decentralized finance (DeFi) space to net a whopping $350,000 in profits. As Decrypt reported yesterday, a clever set of instructions—all executed in one big transaction—enabled someone to leverage current weaknesses in the DeFi ecosystem for their own gain. By using several decentralized financial tools, and a small dose of price manipulation, they were able to take home a lot of Ethereum. DeFi protocol bZx says it lost funds via a margin-le...
Though the trader’s identity remains unknown, the modus operandi was the same as the last hack, suggesting the same person.
The main focus was on bZx, which maintains the Fulcrum protocol. In the company’s Telegram chat, bZx’s co-founder, Kyle Kistner, confirmed the second attack, writing that it appears to be “an oracle manipulation attack.” An admin in the channel claimed that user funds are safe.
We have hit the pause button on the protocol again in light of suspicious transactions using flash loans and trading on Synthetix.
— bZx (@bzxHQ) February 18, 2020
On Twitter, the company said that it has paused the “decentralized” protocol again. The DeFi community were quick to point out this means that bZx still has ultimate control over the protocol, meaning it’s still a centralized system.
Eric Wall, CIO at Arcane Assets, defended the DeFi ecosystem, arguing that some protocols are more decentralized than others. He argued that there are several types of admin keys: those that can control funds—such as the ones bZx has—and those that can’t.
“A DeFi admin key can allow you to pause/freeze a contract. This is very bad! Oh no! But it's not identical to a centralized exchange unless that admin key allows you to confiscate individual user balances,” he tweeted.
Tweets like "DeFi apps are no different than centralized exchanges because all the contracts have admin keys" is the cheap, boring fast-track to "CT wokeness" these days, forcing me to take the devil's advocate and point out why that's sometimes wrong. Warranted retort:
— Eric Wall IS RIGHT (@ercwl) February 17, 2020
So, it’s good that at least some DeFi protocols don’t have such admin keys—because otherwise Ethereum co-founder Vitalik Buterin would probably want them to “burn in hell.”
Banks can engage in cryptocurrency and other legally permitted activities without seeking prior regulatory approval, so long as they manage risks appropriately, The Federal Deposit Insurance Corporation announced Friday. The policy change rescinds a 2022 requirement that mandated FDIC-supervised institutions notify the agency before engaging in crypto-related activities. Under the new guidance, banks can offer services involving digital assets without the agency's advance permission. "With today...
The NASDAQ exchange has applied to the U.S. Securities and Exchange Commission to list shares of an Avalanche exchange-traded fund issued by crypto asset manager Grayscale. The 19b-4 form for Grayscale's AVAX ETF follows its registration as a Delaware Trust entity more than two weeks ago. If approved, the AVAX ETF would use Coinbase Custody as its custodian, the 19b-4 shows. The issuer must still file an S-1 registration statement describing the product, however. AVAX, the utility token of L...
France-based public investment bank Bpifrance announced Thursday plans to invest $27 million (€25 million) directly into tokens and decentralized technologies in an effort to “strengthen the French blockchain ecosystem.” Announced during a blockchain-focused event in Paris, the bank’s investment seeks to accelerate its “digital asset investment strategy” by bolstering French crypto startups and assisting the local venture capital players in Web3. “We are convinced of the growing importance that...
