DeFi platforms see profits amid FTX collapse and CEX exodus: Finance Redefined

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

This week's DeFi newsletter focuses on the after-effects of FTX contagion on DEX protocols and the DeFi ecosystem.

Crypto scammers have been accessing a “cheap and easy” black market of individuals willing to put their name and face on fraudulent projects — all for the low price of $8, blockchain security firm CertiK has uncovered.

These individuals, described by CertiK as “Professional KYC actors,” would, in some cases, voluntarily become the verified face of a crypto project, gaining trust in the crypto community prior to an “insider hack or exit scam.

Thanks for reading our summary of this week’s most impactful DeFi developments. Join us next Friday for more stories, insights and education in this dynamically advancing space.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 562. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

It was a very interesting article

will be the best Dex crazy tokenomics with buy and burn launching soon

Good to know that Tether supports DeFi growth.

📶📶DOGE PAYMENTS TO TWITTER 🌝 🚀

we still have BitDAO supporting the builders of the decentralized economy and pushing the growth of DeFi, aiming to bring innovative projects to the market

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The FTX contagion: Which companies were affected by the FTX collapse?Some of the firms affected include Genesis, Sequoia Capital, Galaxy Digital, and Galois Capital.
Source: Cointelegraph - 🏆 562. / 51 Read more »

Positive Sum DeFi: Shifting the Paradigm of Finance and Beyond | HackerNoonA short guide to zero sum and positive sum mechanics in DeFi and how they matter to users. - cc: sturdyfinance positivesum zerosum
Source: hackernoon - 🏆 532. / 51 Read more »

Investment Firm Paradigm Still Optimistic About Crypto — Says 'Issues at FTX Are Precisely Ones Defi Can Solve' – Featured Bitcoin NewsInvestment firm Paradigm is still optimistic about crypto. 'The blowup of FTX has caused some to question crypto's value.' cryptocurrency yeah.! yeah.! Thats great, I have recently started using ChiefraFba for signals, his accuracy is INSANE!
Source: BTCTN - 🏆 531. / 51 Read more »