Market Wrap: Bitcoin Bounces to $11.8K; Over 10K BTC Locked in Harvest Finance

Market Wrap: Bitcoin Bounces to $11.8K; Over 10K BTC Locked in Harvest Finance

Bitcoin’s price tested $11,800 Monday as investors continue to put BTC into new DeFi protocols.


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Harvest Finance: $24M Attack Triggers $570M ‘Bank Run’ in Latest DeFi Exploit

Harvest Finance has seen its total value locked drop by more than $500 million in the 12 hours since being hit by a flash loan attack.

Harvest Finance Doubles Total Value Locked to $704M in One Week

Harvest Finance’s dramatic growth took place during a time when enthusiasm around the DeFi space has slowly hit a wall.

Ethereum devs grumble as Harvest Finance and Value Defi eye Binance Smart Chain

Two Ethereum-native DeFi protocols are headed to Binance Smart Chain, but critics doubt the layer-1 has staying power Today, yield aggregator Harvest Finance and multi-service platform Value DeFi — two Ethereum-native decentralized finance (DeFi) protocols accounting for nearly a billion dollars in total value locked between them — announced planned expansions to Binance Smart Chain, the smart contract platform built by crypto exchange giant Binance.Not everyone in the Ethereum community is ready to take BSC seriously, however. Harvest, which is among the largest yield aggregators and....

Harvest Finance puts $100K bounty on alleged hacker

Harvest Finance is actively tackling the apparent $24 million attack. Harvest Finance, a major decentralized finance protocol, has seemingly issued a $100,000 bounty in the aftermath of a $24 millon attack targeting its liquidity pools.In an Oct. 26 tweet, Harvest Finance said that there is enough data so far to identify the attacker, “who is well-known in the crypto community.”In addition to the BTC addresses which hold the funds, there is now a significant amount of personally identifiable information on the attacker, who is well-known in the crypto community. We are putting out a 100k....

Defi Protocol Harvest Finance Hacked for $24 Million, Attacker Returns $2.5 M...

Decentralized finance (defi protocol) Harvest Finance was hacked on Monday for $24 million. The attacker targeted the protocol’s liquidity pools, performing an arbitrage attack using a large flash loan – a type of uncollatarized loan – but later returned $2.5 million. In seven minutes, the hack was complete. Harvest Finance revealed that the hacker “manipulated prices on one money lego (curve y pool) to drain another money lego [farm USDT (fUSDT), farm USDC (fUSDC)], many times. The attacker then converted the funds to renBTC and exited to bitcoin.” RenBTC is....