DeFi

DeFi, short for decentralized finance, represents a shift in the financial sector by leveraging blockchain technology, primarily Ethereum, to eliminate traditional financial intermediaries. It enables various financial applications, from simple transactions to complex contracts, through smart contracts that execute automatically under specific conditions. Key DeFi applications include decentralized exchanges (DEXs), stablecoins, lending platforms, and prediction markets. DeFi offers financial services like loans and interest-earning opportunities without traditional identity verification, relying instead on collateral, usually in cryptocurrency. This innovative sector promises increased accessibility and efficiency but comes with risks, such as market volatility and unregulated projects.


Vídeos

Poly Network Attacker Threatens to Delay Return of Funds, Holds $141M Hostage

Poly Network, the China-based blockchain protocol exploited earlier this month for more than $600 million, sent a bounty worth nearly $500,000 to the attacker. Most of the looted cryptocurrency has been recovered, but the attacker has yet to provide a key needed to unlock the remaining $141 million. "The Hash" team unpacks the new twist in the ongoing saga surrounding the largest DeFi hack in crypto history and where Poly could head next.

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Breaking Down the Poly Network Hack, the Largest DeFi Attack in Crypto History

Joseph McGill of crypto-tracking software firm TRM Labs shares insights into the Poly Network hack, the largest DeFi attack in crypto history, and how his firm is helping combat the risks of open finance. Plus, debunking the potentially false narrative about criminal activity in crypto.

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POLY Network envia recompensa enquanto invasor mantém refém de US$ 141 milhões

Os registros de transações da blockchain Ethereum confirmam a transferência de 160 ETH (cerca de US$ 480.000) para o endereço de carteira "POLY Network Exploiter 2".

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Vídeos

Poly Network Hacker Prolongs Return of Stolen Funds

The hacker behind the Poly Network cyberattack has yet to complete the total return of the roughly $600 million stolen and is also reconsidering accepting Poly’s $500,000 “Bug Bounty” reward to pay anyone who can hack the DeFi site.

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Vídeos

India Crypto Bill Awaits Approval, Poly Network Hack Saga Continues

India’s finance minister says long-delayed crypto bill awaiting cabinet approval. Microsoft unveils Argus' anti-piracy plans. Poly Network hack saga rumbles on. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."

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Pro-Crypto Advocate Rep. Darren Soto on Infrastructure Bill: ‘Ignorance Is Our Greatest Foe and Not Necessarily Partisanship’

Does crypto have a strong enough lobbying presence in D.C.? This week, the Senate passed the historic $1 trillion bipartisan infrastructure bill without any crypto amendment, raising concerns about its controversial definition of “broker.”

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Vídeos

Poly Network Hacker Returns Most of Stolen Funds, Refuses $500K Reward

The attacker behind the Poly Network hack who drained the decentralized finance (DeFi) platform of over $600 million in crypto has returned most of the stolen funds. Poly offered a $500,000 "Bug Bounty" reward to the hacker for returning the funds, but the hacker declined. "The Hash" panel discusses the ongoing drama around the largest hack in decentralized finance (DeFi) history and whether it appears to be coming to an end.

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Crypto Fundraising DAO Loses Over $7M in Latest Crypto Exploit

Another day, another decentralized finance (DeFi) hack. DAO Maker, a fundraising platform for upcoming crypto projects that has no relation to the more widely known MakerDAO, was exploited Thursday, resulting in a loss of more than $7 million. "The Hash" team discusses the potential downside of DeFi's composability: with great possibility comes great risk.

Recent Videos

Vídeos

Crypto Fundraising DAO Loses Over $7M in Latest Crypto Exploit

Another day, another decentralized finance (DeFi) hack. DAO Maker, a fundraising platform for upcoming crypto projects that has no relation to the more widely known MakerDAO, was exploited Thursday, resulting in a loss of more than $7 million. “The Hash” team discusses the potential downside of DeFi’s composability: with great possibility comes great risk.

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