Category: BSC

Huobi Eco Chain’s TVL surges to $2.7b, but two DApps represent 86% of locked assets

June 8, 2021

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The decentralized exchange Mdex and yield aggregator Filda represent roughly $2.4 billion of Heco’s $2.7 billion TVL combined. 4551 Total views 9 Total shares Despite Huobi Eco Chain attracting an impressive total value locked (TVL) since launching in December, just two DApps represent 86% of the blockchain’s TVL. According to crypto data aggregator, CryptoRank, approximately […]

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Belt Finance loses millions in latest BSC-based DeFi exploit

May 31, 2021

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Another day, another BSC DeFi protocol gets hacked. 7039 Total views 10 Total shares Belt Finance has become the latest Binance Smart Chain-based decentralized finance, or DeFi, protocol to lose millions to an opportunistic hacker. The Rekt Blog, which post mortems DeFi exploits, stated that an attacker exploited a flaw in the way the protocol’s […]

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Binance Smart Chain’s BurgerSwap drained of $7.2M in exploit

May 28, 2021

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The latest in a recent spate of decentralized finance hacks. 1018 Total views 2 Total shares Another decentralized finance protocol was subject to a major exploit on Friday, May 28, after $7.2 million was drained from BurgerSwap (BURGER) on Binance Smart Chain. Varying amounts of seven different cryptocurrencies were stolen amid the attack, including $3.2 […]

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CipherTrace expands to cover Binance Smart Chain amid wave of exploits

May 28, 2021

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Binance beefs up blockchain analytics amid a surge in DeFi exploits. 2875 Total views 11 Total shares Cryptocurrency and blockchain intelligence company CipherTrace has announced analytics support for Binance Smart Chain (BSC) amid a rise in attacks and vulnerabilities on protocols running on the network. In an announcement on May 27, the firm stated that […]

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Binance Smart Chain-based DeFi platform suffers $3M flash loan attack

May 24, 2021

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Funds are safe, Bogged Finance assured after the exploit. 9819 Total views 37 Total shares Binance Smart Chain’s decentralized finance ecosystem saw a second flash loan exploit in a week after PancakeBunny. A new attack drained $3 million, or half the total liquidity, from DeFi platform Bogged Finance. The team confirmed the attack on Sunday, […]

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DeFi adoption on the Binance Smart Chain reaches new highs

May 1, 2021

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Decentralized finance (DeFi) has taken a well-deserved break from the spotlight over the past couple of months after being one of the hottest sectors at the start of 2021, but recent growth on several top platforms may hint at another DeFi run in the near future.  While projects that operate on the Ethereum (ETH) network […]

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$50M reportedly stolen from BSC-based Uranium Finance

April 28, 2021

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Uranium Finance, an automated market maker platform on the Binance Smart Chain, has reported a security incident that resulted in a loss of about $50 million. Tweeting on Wednesday, Uranium revealed that the exploit targeted its v2.1 token migration event and that the team was in contact with the Binance security team to mitigate the […]

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Binance Smart Chain’s TurtleDex rugpulls shortly after launch

March 20, 2021

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The file storage project has all the markings of a rugpull, but will investors be able to get their funds back? 5176 Total views 48 Total shares Turns out a turtle’s arms are plenty long enough to pull a rug.  Yesterday, March 19 Binance Smart Chain (BSC) file storage project TurtleDex performed a “rugpull” exit […]

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