News

News

Delving into captivating crypto narratives, revealing breakthroughs in decentralization, and offering astute evaluations within the digital assets landscape.

FTX blasted after “creating tokens” to capture $1 million in value; but that’s what DeFi is supposed to be

An incident earlier this week showed what peak Decentralized Finance (DeFi) could look like โ€” one where the smartest survive and rent-seekers are eradicated immediately. Gaming the game On June 25, Predictions Exchange tweeted FTX was creating tokens and listing them on CoinGecko, while supplying its own liquidity for capturing Balancer (BAL) distribution. The tweet […]

FTX blasted after “creating tokens” to capture $1 million in value; but that’s what DeFi is supposed to be