Lending protocol BendDAO has run out of Wrapped Ether (wETH) in its contract. At the time of writing, the contract only has 15 WETH to pay lenders, and an estimated 15,000 Ether (ETH) left to be paid to lenders.  Researcher NFTStatistics.eth dissected the issue in a Twitter thread, highlighting that NFT borrowers in the platform should now pay 100% interest […]

The hackers behind the $625 million Ronin bridge attack in March have since transferred most of their funds from ETH into BTC using renBTC and Bitcoin privacy tools Blender and ChipMixer.  The hacker’s activity has been tracked by on-chain investigator ‘₿liteZero’, who works for SlowMist and contributed to the company’s 2022 Mid-Year Blockchain Security report. They outlined the transaction pathway […]

Cybersecurity analyst Serpent has revealed his picks for the most dastardly crypto and non-fungible token (NFT) scams currently active on Twitter. The analyst, who has 253,400 followers on Twitter, is the founder of artificial intelligence and community-powered crypto threat mitigation system, Sentinel. In a 19-part thread posted on Aug. 21, Serpent outlined how scammers target inexperienced crypto users through the […]

A former Coinbase employee and two of his comrades have been arrested by the Department of Justice (DOJ) following reports that the employee had conducted insider trading and passed along confidential information to his cohorts about which coins would be listed on the exchange in the future. A Man Who Worked with Coinbase Has Been Arrested The former employee – […]

The U.S. Treasury is doing additional research on crypto. The organization is looking to study the benefits, risks, and disadvantages that come with the space to align itself with the recent crypto executive order issued by “sleepy” Joe Biden. The Treasury Wants to Know About Crypto The crypto executive order came about several months ago. Biden garnered temporary praise for […]

The price of Polkadot (DOT) has resumed its downtrend as the price falls below the moving average lines. Long-term analysis of the price of Polkadot: bearish On August 13, the cryptocurrency was pushed off at the upper resistance of $9.68. Buyers failed to break through the resistance after two attempts. DOT Price fell below the moving average lines. Today, the […]

Could Coinbase lose its position as the number one digital currency exchange in the western hemisphere? Coinbase Is Really Hitting the Bottom The crypto exchange is often cited as one of the largest and most popular crypto trading companies in the world. It was also the first digital currency exchange to ever go public, first joining the Nasdaq in April […]

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. This past week, Celsius’s financial troubles mounted further as a new coin report showed the company had a balance gap of $2.85 billion, more than double what it had shown in the bankruptcy filing. […]