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  • SushiSwap DeFi Protocol Loses $3 Million in Exploit, Here’s What is Known About It

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    SushiSwap, a DeFi protocol, was exploited over the weekend that resulted in the loss of $3.3 million (roughly Rs. 27.03 crore). As per blockchain firms CertiK and Peckshield, a smart contract around function approvals was exploited by hackers to facilitate this attack on April 9. Researchers have claimed that SushiSwap users who engaged with the […] More

  • DeFi Services Being Used for Illicit Transfers, Warns US Treasury Department

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    North Korea, cybercriminals, ransomware attackers, thieves and scammers are using decentralized finance (DeFi) services to transfer and launder their illicit proceeds, the US Treasury Department warned on Thursday. So-called DeFi platforms allow users to lend, borrow and save, usually in cryptoassets and stablecoins, without using banks. In a new illicit finance risk assessment on decentralized finance, […] More