LEND

The team behind the UwU Lend protocol has offered a $5 million bounty to whoever can identify its attacker after the protocol was exploited for a second time.  The hacker behind the UwU Lend protocol has stolen a combined $24 million over two attacks.  UwU Lend Team Offers Bounty DeFi lending protocol UwU Lend suffered two hacks over the past three days, with the second attack occurring on Thursday when the protocol was in the middle of the reimbursement process…

The post UWU Lend Hit with Second Attack in a Row, Losses Reach Upto $3.7 Million appeared first on Coinpedia Fintech News UWU lend, a defi lending protocol, has become the latest victim of a hacker attack two times in a row. According to the We 3 security firm Cyvers alerts, the hacker applied the same hack method as the previous one, targeting UWU lends liquidity pools. The stolen assets, nearly $3.7 million, were converted to ETH and stored at…

Aave protocol has raised $25 million from investors as it seeks to continue developing DeFi projects. Funds were raised from three investment firms. Aave revealed on Twitter that the DeFi protocol had successfully secured funding from three firms. Blockchain.com Ventures, Blockchain Capital, and Standard Crypto were the firms that partook in the latest funding round, which raised $25million. Blockchain.com ventures are the investment body of popular crypto wallet provider Blockchain.com, and its investment in Aave shows the potentials within the DeFi…

The Innovation Uprise Since the start of 2020, some major moves in the cryptocurrency space have highlighted its stride to maturity. Bitcoin seems to be stabilizing. Ethereum seems to be improving by the day. Several countries have initiated cryptocurrency regulation, increasing interest due to people staying at home during the pandemic. The race to the top is on-going 24/7 because the crypto market never sleeps. The competition is cut-throat, and new alternatives keep popping up every other day. That’s why…

Decentralized finance (DeFi) has enjoyed a strengthened narrative in 2020. This is such that some DeFi tokens like Aave (LEND) have incurred more than a 1,000 percent increase while the price of Ethereum increased by 90 percent since the beginning of this year. It appears that investors are developing more interest in this market sector. According to cryptocurrency derivatives analytics company Skew, Ethereum will enjoy this trend the most in the long-term. Skew noted that these DeFi tokens powered by Ether appear to…