The Meter Passport token bridge platform has incurred $4.4 million in losses due to a smart contract hack which also caused Hundred Finance to lose $3.3 million through under-collateralized loans.Meter.io’s Meter Passport (MTRG) is a token bridge that is compatible with Ethereum and its sidechains. This attack affected the Moonriver side of the bridge.Moonriver is a smart … [Read more...] about Latest DeFi bridge exploit results in $4.4M losses for Meter
44M
Floki Inu Deposits on Inverse Finance Break $44M Within Hours
Inverse Finance allows users to get token loans by supplying tokens to the protocol as collateral. The newly launched floki pool has a collateral factor of 50% as of Wednesday, which means users can take 50% of the value of their staked floki inu tokens in the form of DOLA, a stablecoin issued by Inverse Finance pegged on a one-to-one basis with the U.S. dollar, or other … [Read more...] about Floki Inu Deposits on Inverse Finance Break $44M Within Hours
‘DeFi 2.0’ Platform JellyFi Raises $4.4M Seed Round
Also included in the round were ParaFi Capital, Tioga Capital, White Star Capital, DeFiance Capital, True Ventures, Divergence Ventures, AngelDAO, Digital Currency Group and Genesis Trading (both in the same ownership stable as CoinDesk), plus some angel investors. Source link … [Read more...] about ‘DeFi 2.0’ Platform JellyFi Raises $4.4M Seed Round
Circle’s New VC Fund Backs $4.4M Round for Japanese Yen-Pegged Stablecoin Issuer
JPYC, the issuer of a Japanese yen-pegged stablecoin, has raised ¥500 million (about $4.43 million) in a Series A round led by Headline Asia with participation from Circle’s Circle Ventures fund in the latter’s initial capital deployment.Tokyo-based JPYC issues the stablecoin as a prepaid payment instrument in Japan. The company plans to use the funding round to strengthen its … [Read more...] about Circle’s New VC Fund Backs $4.4M Round for Japanese Yen-Pegged Stablecoin Issuer