Trouble in Defi Paradise: Compound-Issued DAI Surpasses DAI in Circulation

Trouble in Defi Paradise: Compound-Issued DAI Surpasses DAI in CirculationA number of cryptocurrency proponents have been discussing the stablecoin DAI this week, as the DAI allegedly held on the Compound platform is much larger than what is recorded in circulation. At press time, Compound statistics show there’s $523 million worth of DAI held in reserves, while the web portal daistats.com shows there’s only 160 […]

The post Trouble in Defi Paradise: Compound-Issued DAI Surpasses DAI in Circulation appeared first on Bitcoin News.

‘Sophisticated’ Hacker Plunders $450,000 From Defi Protocol Balancer

'Sophisticated' Hacker Plunders $450,000 From Defi Protocol BalancerDecentralized finance (Defi) protocol ​Balancer was on Sunday hacked for more than $450,000 worth of cryptocurrency. In two separate transactions, an attacker targeted two pools containing Ethereum-based tokens with transfer fees – or so-called deflationary tokens. Pools with Sta and Stonk tokens were affected by this exploit, Balancer, an automated market marker protocol, said on […]

The post ‘Sophisticated’ Hacker Plunders $450,000 From Defi Protocol Balancer appeared first on Bitcoin News.