DeFi ecosystem still haunted by FTX contagion: Finance Redefined

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Ankr protocol became the latest DeFi exploit victim, losing $5 million, while several other DEX protocols are still feeling the heat from the FTX collapse.

The top 100 DeFi tokens saw some relief rally after nearly three weeks of bearish dominance. The majority of the DeFi tokens traded in green, with many hitting double-digit gains.Solana-based DEX Project Serum has notified its community that the collapse of its backers — Alameda and FTX — has rendered it “defunct.” The team behind the project shared that “there is hope”According to the announcement, “A community-wide effort to fork Serum is going strong.

Institutional credit underwriter M11 Credit, which manages liquidity pools on Maple Finance, told its followers in a Nov. 30 Twitter thread that the Auros had missed a principal payment on the 2,400 wETH loan, which is worth in total around $3 million.BNB Chain-based DeFi protocol Ankr has confirmed it has been hit by a multi-million dollar exploit on Dec. 1. The attack appeared to be first discovered by on-chain security analyst PeckShield at approximately 12:35 am UTC on Dec. 2.

Within an hour of the attack, Ankr confirmed on Twitter that the aBNB token has been exploited and that they’re working with exchanges to immediately halt trading of the compromised token.According to a new post on November 30, DEX Uniswap announced that users can now trade NFTs on its native protocol. As told by Uniswap, the function will initially feature NFT collections for sale on platforms including OpenSea, X2Y2, LooksRare, Sudoswap, Larva Labs, X2Y2, Foundation, NFT20 and NFTX.

Uniswap developers claim that users can save up to 15% on gas costs compared to other NFT aggregators when using Uniswap NFT, which unifies ERC-20 and NFT swapping into a single swap router. Integrated with Permit2, users can swap multiple tokens and NFTs in one swap while saving on gas fees.Blockchain data analytics carried out by Nansen highlights the ever-growing amount of Ether (

 

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If anythimg, DeFi was much safer than CeFi. It's the custodial, centralized projects that are most at risk

你的方向看偏了。区块链的未来,是全球各国金融机构运行在satoshi这种真正去中心化的公链之上,依然是金融机构服务数字经济。解决了现在金融系统的痛点。而不是依靠业余的公司

If you have concerns, name the exchanges, you have a duty, as do some of the leading names in the space.

All of them

One more reason to keep holding crypto on Bitfinex.

After many hours of thoughtful research on the SBF FTX FTT debacle, I can't see the forest. I can't even see a leaf 🫤

Stop trying to scare people with articles like this

after Bitfinex proved its reserves, I have no doubt about this exchange

Im using bitfinex and still believe in it, but i store only part of my portfolio there

Was it not a good idea to mention them out publicly.

I'm surprised Coinbase hasn't collapsed yet.

aax

They look great. Who is creating your visuals? Or you're using stock work?

jungleincxrp I’m sure you’re referring to SBF cuz thousands of victims will NEVER be able to get out of the woods

I keep an eye on Tether too

If the same happens as it did with FTX, I'm pretty sure those other exchanges' CEOs are not too worried.

There is a lot more than just a couple exchanges,.

Hmm, ChiefraFba is the only crypto trader that I trust for signals !

Move your bags to a wallet for at least a month and even better 3 months.

For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to him TradeEducator Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success

Full capitulation in progress. Prep for bullrun 👍👍

True defi will prevail!!!!!!

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