In a blog post this week, DeFi platform BadgerDAO provided details of how it was exploited for $120 million earlier this month.BadgerDAO said that a phishing incident that occurred on Dec. 2 was caused by “a maliciously injected snippet” from Cloudflare, an application platform that runs on Badger’s cloud network.The hacker used a compromised API key that was created without … [Read more...] about BadgerDAO Reveals Details of How It Was Hacked for $120M
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Crypto Lender Celsius Admits Losses in $120M BadgerDAO Hack
During an ask-me-anything (AMA) YouTube live stream on Friday, Alex Mashinsky, CEO of Celsius Network, confirmed that the company “lost money” from BadgerDAO’s hack without specifying the value of the losses. Some had speculated earlier Friday that roughly $51 million was lost, based on blockchain data. Source link … [Read more...] about Crypto Lender Celsius Admits Losses in $120M BadgerDAO Hack
Crypto Investment Firm Maven 11 Capital Closes $120M Fund
Venture Fund II differs from Maven 11′s first fund in being closed-ended and having a wider group of backers, including wealthy individuals, crypto entrepreneurs, family offices and institutions. The new fund has already deployed investments into gaming-focused DAO Merit Circle, lending platform Maple Finance, layer 1 blockchain Anoma and DeFi dashboard Zapper, among … [Read more...] about Crypto Investment Firm Maven 11 Capital Closes $120M Fund
Offchain Labs launches Arbitrum One mainnet, secures $120M in funding
Offchain Labs, the team behind the highly anticipated Ethereum layer two platform, Arbitrum One, has completed the public mainnet launch of its optimistic rollups solution.Announced on Aug. 31, Offchain Labs also revealed that it has secured $120 million in a Series B fundraising round. The round was led by Lightspeed Venture Partners and also saw participation from heavyweight … [Read more...] about Offchain Labs launches Arbitrum One mainnet, secures $120M in funding