Latest from Krisztian Sandor
DeFi Giant MakerDAO Rejects $100M Loan to Cogent Bank
The rejection follows less than a year after Maker approved a similarly structured loan to Huntingdon Valley Bank.
Crypto Investors' $28M ‘Black Thursday’ Lawsuit Against DeFi Giant Maker Dismissed by US Judge
The class-action lawsuit alleged Maker-related entities misrepresented risks of holding collateral debt positions, resulting in heavy losses for some users.
DeFi Protocol Platypus to Repay at Least 63% of User Funds After $9M Hack
The Avalanche-based protocol worked with crypto exchange Binance to identify the exploiter responsible for last week's attack.
Frax Finance Votes to Fully Collateralize Its $1B Stablecoin
The vote is a step for Frax’s native stablecoin frxUSD to retire its algorithmic element.
BlockTower Capital Loses $1.5M in DeFi Market Aggregator Dexible Exploit: Blockchain Data
The hacker exploited a weakness in a smart contract code, allowing them to drain funds from certain crypto wallets. Crypto “whales” accounted for 85% of the losses.
USP Stablecoin Loses Dollar Peg as DeFi Protocol Platypus Suffers $8.5M Attack
The flash loan attack caused Platypus Finance’s native stablecoin to fall to 48 cents from $1. The potential loss is $8.5 million, according to blockchain security firm CertiK.
TrueFi’s TRU Token Rallies Over 200% After Binance’s TUSD Mint Sparks Speculation
The rally appears to come from traders mistakenly connecting TRU with TUSD, a stablecoin that had been issued by TrueFi in the past but now no longer is.
Crypto Trading Firm Auros Global Restructures $18M in Debt on Maple Finance
Auros Global has missed its payments on decentralized finance loans since November, citing funds frozen on the collapsed crypto exchange FTX.
Tether's USDT Gains $1B as Paxos Burns Over $1.8B of Binance USD Stablecoins
The increase comes as BUSD issuer Paxos faces increasing regulatory scrutiny.
Nomura’s Crypto Arm Invests in Institutional Hybrid DeFi Protocol Infinity Exchange
The investment showcases a growing trend of merging DeFi infrastructure and TradFi solutions to enable tokenizing traditional assets and to create blockchain-based markets for institutional investors.
