Crypto News

Defi Protocol Harvest Finance Hacked for $24 Million, Attacker Returns $2.5 Million

Decentralized finance (defi protocol) Harvest Finance was hacked on Monday for $ 24 million. The attacker targeted the protocol’s liquidity pools, performing an arbitrage attack using a large flash loan – a type of uncollatarized loan – but later returned $ 2.5 million. In seven minutes, the hack was complete. Harvest Finance revealed that the […]

Ethereum

Traders warn about Ethereum and DeFi tokens as momentum dwindles against Bitcoin

In the past week, the alternative cryptocurrency (altcoin) market has further slumped against Bitcoin. Since achieving a peak in early September, decentralized finance (DeFi) tokens alongside Ethereum have shown a lackluster performance. Since October 8, the price of Bitcoin has increased from $ 10,600 to $ 12,311 by 16%. In the same period, Ethereum rose […]