DeFi
BlockFi cutting 20% of staff to prioritize profitability goal
BlockFi announced it will let 20% of its staff go to remain profitable in the current market conditions.
Zeynep Geylan 2 min read
DeFi News
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Top DeFi Stories
Hacks
Optimism hacker confirms they are whitehat, returns most of stolen funds
Optimism hacker started returning the stolen tokens in a batch of 1 million per transaction.
Hacks
ApolloX suffers $2.8M hack after securing latest seed funding round
Hours after ApolloX confirmed that it had completed a new funding round, a hacker exploited a bug on the network to steal 53 million APX tokens, worth $2.8 million.
Latest DeFi News & Analysis
Stablecoins
FatManTerra launches non-profit LUNA validator for UST compensation
The Dark Knight of Terra has launched a LUNA 2.0 validator at 10% commission in order to manage "restitution" for UST holders
Regulation
CFTC may become main regulator for crypto industry
Several crypto exchanges have revealed their preference for CFTC to be the major regulator of the crypto space with FTX Bankman-Fried lobbying the US congress for the commission.
Hacks
Osmosis team says ‘all losses will be covered’
Osmosis team acknowledged their responsibility and said they'll be working on the new update for at least another two days.
Web3
Ethereum developers have fun as Testnet merges to Proof-of-Stake
The Ethereum Ropsten network has officially moved to proof-of-stake without any major issues.
Investments
Solana launches $100M fund to attract crypto projects from South Korea
South Korean developers might be unwilling to take the new Solana's fund bait considering the network has suffered seven outages in the last 12 months.
DAOs
Optimism Foundation sends $20M to the wrong wallet – OP drops 36%
In an announcement the Optimism Foundation confirmed that they sent 20M OP tokens to the wrong multi-sig wallet even after completing two test transactions
