WBTC supply declined 15% in February

Ad Wrapped Bitcoin’s (WBTC) supply on Ethereum shrunk by 23,384 — roughly 15% — to 153,164 in February — its lowest level since March 2021, according to Dune analytics data. According to the asset’s order book, there were ten transactions involving WBTC — eight were burns, while the other two transactions were a cumulative mint…

WBTC supply on Ethereum dropped 35% since LUNA collapse

Wrapped Bitcoin (WBTC) supply on Ethereum (ETH) plunged by over 35% to 183,450 since Terra (LUNA) collapsed in May 2022, according to Glassnode data. WBTC’s market cap fell to as low as $3.10 billion in December 2022 from a peak of $13.03 billion in April 2022, according to CryptoSlate data. Source: Glassnode The chart above shows…

Nomad bridge drained of $190M after hundreds of addresses copy hacker’s code

Nomad token bridge suffered an exploit on August 1 that allowed several people to drain the bridge of $190.7 million. The first sign of trouble began at about 9:23 pm UTC after a hacker exploited the bridge to withdraw 100 WBTCs worth $2.3 million. Several others copied the code of the first suspicious transaction and…

Was Celsius the ‘biggest victim’ in the recent BadgerDAO exploit?

Bitcoin DeFi tool BadgerDAO suffered a major attack earlier this week, and according to the current speculation, one of the most affected addresses that lost nearly 900 Bitcoin could be owned by Celsius. The popular lending platform that enables users to earn interest on deposited crypto hasn’t confirmed the claims, but on-chain data gives credence…

Almost 1% of all Bitcoin in circulation is now used on Ethereum

One of the biggest focuses of this past year in DeFi has been the rapid rise of Wrapped Bitcoin, tBTC, and other projects that allow investors to deposit their BTC in exchange for an Ethereum-based token representing a claim on that Bitcoin. While previously seen as a novelty only used by KYC-ed users looking for…