
Major Blow to Solana DeFi: Three Platforms Shut Down After $27M Hack
Three Solana platforms shut down after a $27M hack, highlighting vulnerabilities in DeFi. The incident significantly impacts Solana's total value locked.
Decentralized finance protocols, yield farming, and liquidity(93 articles)

Three Solana platforms shut down after a $27M hack, highlighting vulnerabilities in DeFi. The incident significantly impacts Solana's total value locked.

ZeroLend is shutting down operations due to unsustainable economics and rising security threats, highlighting challenges in the DeFi sector's sustainability and security.

Aave Labs' governance proposal signals a potential shift in the regulatory landscape, allowing DeFi protocols to pursue value accrual more aggressively. This could reshape competition as protocols operate more like traditional businesses.

Crypto markets are unsettled as Bitcoin dips to $60K while TRM Labs secures unicorn status with a $70 million funding round.

Bitcoin and Ether are tanking, but DeFi investors are holding strong. Despite market turmoil, total value locked in DeFi remains resilient.

CrossCurve has reported a $3 million breach of its protocol, urging users to pause transactions while an investigation is underway.

Step Finance faces a massive security breach, losing approximately $27 million and witnessing its STEP token plummet over 90%. Recovery from this incident remains uncertain.

Step Finance experienced a $27 million treasury hack, causing its STEP token to crash over 80%. The breach raises concerns about security in the DeFi space.

Aero DEX plans to merge existing protocols and challenge Uniswap and Curve in 2026. This move aims to redefine liquidity in decentralized exchanges.

Ultra-wealthy individuals are leveraging Bitcoin to fund luxury expenses, utilizing DeFi platforms for loans against their crypto assets. Is this a sustainable trend?

Spacecoin has launched its SPACE token, aiming to create a decentralized satellite internet network with blockchain communication capabilities. The initiative could reshape global connectivity.

World Liberty Financial partners with Spacecoin on a token swap, marking a significant step for DeFi's intersection with space technology.

Saga's stablecoin fell to $0.75 after a $7 million exploit forced a chainlet pause, leading to a 55% drop in total value locked.

Solayer has launched a $35 million fund to support innovative DeFi and AI applications, emphasizing revenue potential and user engagement on its infiniSVM platform.

Makina reported a $4.1 million loss due to a price-feed manipulation exploit, underscoring vulnerabilities in the DeFi sector and raising questions about security.

Makina Finance has confirmed a $5 million loss from a flash loan exploit, underlining ongoing security challenges in decentralized finance.

Trove faces significant backlash after retaining $9M and a new token that plummeted 95%. Investors express concerns over transparency and project direction.

Solana has surpassed $1 billion in tokenized real-world assets, signaling growing institutional interest and a competitive future in the blockchain space.

Vitalik Buterin envisions a pivotal shift for Ethereum by 2026, aiming to eliminate trust-reliant wallets and enhance user security.

Trove Markets surprises investors with a shift to Solana just hours before its token launch, raising questions about liquidity and project stability.