Magnate Finance News
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2024
Apr / 20- DeFi Revolution: Ethereum's Liquid Staking Drives Surge, Solana Tackles Congestion
- Apr 20, 2024 at 03:26 am
- Finance Redefined, a weekly newsletter, offers the latest insights into decentralized finance (DeFi), highlighting significant developments. In the first quarter of 2024, Ethereum liquid restaking propelled DeFi's total value locked (TVL) above $100 billion, with Lido and EigenLayer contributing to this resurgence. Additionally, Solana developers released a patch to address prolonged network congestion, with further improvements promised.
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2024
Apr / 15- Crypto Scammers Strike Again, Leaving Behind a Trail of Lost Funds
- Apr 15, 2024 at 05:01 pm
- After blockchain investigator ZachXBT connected funds provided to three crypto projects (Leaper Finance, Zebra DAO, and Glori Finance) to illicit funds from previous hacks, the projects swiftly vanished from the internet. As the wallet used to fund the projects has been implicated in previous rug pulls and continues to fund dubious projects across multiple blockchains, investors are urged to exercise caution and conduct thorough research to avoid falling victim to similar scams.
- Fraudulent Group Exploits Stolen Funds to Lure Victims in Leaper Finance Scam
- Apr 15, 2024 at 06:02 am
- An anonymous blockchain investigator, ZachXBT, has uncovered a new fraud scheme involving millions of dollars in stolen funds. The perpetrators, linked to several prior rug pulls, have launched Leaper Finance to entrap more victims. The group's modus operandi includes falsifying KYC documents, using dubious auditing firms, and amassing high TVL before absconding with user funds. Losses attributed to the group exceed $20 million, and they have recently targeted platforms on various blockchains, including Base, Solana, and Ethereum.
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Communtity feeds
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- Twitter source
- Tesss.base.eth Nov 23, 2024 at 12:38 am
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- Twitter source
- LaPetite🦋🍄 Nov 23, 2024 at 12:32 am
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- Twitter source
- Our Crypto Talk Nov 23, 2024 at 12:30 am
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- Twitter source
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