Euler Finance hacker has started moving some of the stolen funds through sanctioned mixing protocol Tornado Cash, according to on-chain data. Blockchain analytics firm PeckShield reported that the hacker moved 1000 Ethereum (ETH) into the Tornado Cash mixer through an intermediary address “0xc66d…c9a.” The firm added that the hacker still holds 1,500 ETH — roughly…
Decentralized exchange (DEX) protocol CoW Swap confirmed that it was exploited for $166,000 by a hacker who drained a settlement contract containing its protocol fees. Meanwhile, blockchain analytical firm Nansen reported that the exploiter stole roughly $180,000 — the funds were consolidated in two wallets containing at least $123,000 DAI, $50,000 BNB and $7,400 ETH. The…
Curve 3pool’s liquidity currently stands at roughly $600 million, down approximately 90% from $5.5 billion recorded at the start of January 2022, according to Kaiko data. Curve’s 3pool dashboard shows that USDT accounted for 32.6% of the reserve while USDC accounted for 35.37%, and DAI made up 32.02%, as of press time. 3pool is the…
Strange things are common in the crypto scene, and the most recent is the sale of a Bored Ape NFT for far below its floor price. The holder of Bored Ape #835 recently sold it for 115 DAI, which amounts to $115 since DAI is a stablecoin pegged to the dollar. The sale has led…
The adoption of stablecoins, digital assets whose values are pegged most commonly to the U.S. dollar, is spreading by the day as more and more private users and institutions appreciate the benefits of these tokens. As reported in a blog post by researchers Kyle Waters and Nate Maddrey at Coin Metrics, analyzing recent on-chain trends…
The long-held reign of DAI as the leading decentralized stablecoin, by market cap, has come to an abrupt end. One of the stablecoins within the Terra ecosystem, UST, now sits in the pole position of the largest decentralized stablecoin by market cap, earning UST a seat among the top 20 crypto projects by market cap….
In September, the United States Securities and Exchange Commission (SEC) and the leading crypto exchange in the country, Coinbase, were at loggerheads over the crypto firm’s proposed yield program which the financial regulator considered to be a direct violation of its securities law. While the exchange has since dropped its plan to launch the program…
First in a bigger series of dAppradar’s reports, which explore how value moves around after entering the blockchain industry, revealed that the amount of Bitcoin (BTC) sitting in centralized exchanges (CEX) is at its lowest point in 2021, while Wrapped Bitcoin (WBTC), the first ERC20 token backed 1:1 with Bitcoin, doubled since the start of…
The blockchain analytics platform Nansen has analyzed user activity on Binance Smart Chain (BSC) and revealed the most interesting trends in a new research report. Created as a “parallel blockchain” to Binance Chain, BSC delivered programmability and smart contracts to developers interested in launching their tokens on the network, ushering hundreds of projects, such as…