Tag Archives: defi

The Commodities and Futures Trading Commission (CFTC) has charged Mango Markets exploiter Avraham Eisenberg with violating federal commodities laws during his $110 million manipulation attack in October.  The commission seeks various forms of penalties and relief from the attacker, some of which include trading bans, restitution, and disgorgement. Eisenberg’s Crime Per the complaint filed on Monday, the CFTC said that Eisenberg misappropriated over $100 million from the Mango...

Cryptocurrency firms struggled greatly in 2022, with multiple companies facing financial issues and bankruptcy. In addition to these challenges, over $3 billion was stolen from crypto projects this year, according to Forbes. These setbacks have caused turmoil in the industry and raised concerns about its stability. According to the report, crypto projects witnessed more than 125 hacks, and the top five heists (all involving decentralized finance (DeFi) protocols) accounted...

Die Kryptoindustrie hatte 2022 mit großen Herausforderungen zu kämpfen: stark gefallene Kurse von Kryptowährungen wie Bitcoin und Ether, das Kollabieren des Stablecoins UST mit der dahinter liegenden Währung Terra sowie die FTX-Implosion. In der Folge hat die Diskussion um eine stärkere Regulierung Fahrt aufgenommen. Mit Blick auf 2023 und darüber hinaus kann niemand sagen, wie die Entwicklung der Kryptoindustrie weitergehen wird. Was man aus Sicht von Hartmut Giesen, Kryptoexperte bei der...

The cryptocurrency platform Midas Investments disabled deposits and swaps due to severe financial losses caused by Celsius’ bankruptcy and FTX’s fiasco. CEO Iakov Levin said the organization will aim to focus on a new project next year that will be “fully transparent” and will offer an “improved investment experience.” Another Victim In a recent blog post, Midas Investments’ Founder and CEO said the company shut down services on its platform yesterday (December 27). It...

Cryptocurrency investor Avraham Eisenberg has been arrested in Puerto Rico on charges of commodities fraud and manipulation for allegedly stealing more than $100 million from decentralized finance (DeFi) protocol Mango Markets. This marks the first time a U.S. resident has faced charges for manipulating a DeFi platform. Eisenberg Drains $110M from Mango Markets Recall that Eisenberg admitted that his team used a “highly profitable trading strategy” to drain Mango Markets of...

Decentralized finance protocol Defrost Finance has recovered funds from the hacker involved in the V1 flash loan exploit. In the latest blog post, Defrost said that it will soon start scanning the on-chain data to return the funds to their rightful owners. However, the platform said that it could take some time to distribute since different users had variable proportions of assets and debt, but assured that the process would be “concluded fairly swiftly.” “Please be aware...

DeFi criminals have been observed to cash in on the ‘spirit of giving.’ Decentralized finance protocol Defrost Finance became the latest victim of a flash loan attack on December 23rd that drained funds in the V2. The attacker used the owner key for the second time to exploit V1. According to the Twitter thread by Defrost Finance, the team is currently willing to negotiate with the individuals behind the attack and discuss sharing 20% of the funds in exchange for the bulk of...

The popular DEX aggregator announced the launch of Fusion, which focuses on the 1inch Swap Engine and aims to enhance user experience with DeFi swaps. The team behind the project promised to deliver “almost limitless” liquidity and maximum user protection. The press release shared with CryptoPotato informed that 1inch Swap Engine “facilitates Fusion, which empowers DeFi users to place orders with a specified price and time range, paying no network fees.” 1inch Swap Engine is...

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