Most DEXs are unsafe, alleges new report
Only two decentralized exchanges on the list received high cybersecurity scores. 14 out of 25 decentralized exchanges, or DEXs, scored poorly in terms of cybersecurity according to a recent report. Source: CER.CER’s criteria included several factors such as whether a DEX underwent security audit, availability of bug bounties, and proper SSL/TLS certificates. CER deemed any score below 6 as “low” and thus “not safe”. Only two of the DEXs received a “high” score — Uniswap and Syntetyx.“It is important to note that 6 exchanges (24%) failed to pass a security audit or did not publicly announce....
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Curve, Uniswap, 1inch, and the Ren bridge were the top platforms of choice for laundering illicit crypto, according to Elliptic. New research from blockchain analytics and crypto compliance firm Elliptic has revealed the extent to which cross-chain bridges and decentralized exchanges (DEXs) have removed barriers for cybercriminals.In an Oct. 4 report titled “The state of cross-chain crime,” Elliptic researchers Eray Arda Akartuna and Thibaud Madelin took a deep dive into what they described as “the new frontier of crypto laundering.” The report summarized that the free flow of capital....
Nowadays, cryptocurrencies are moving into DeFi. It’s a good option to be the one who manages your digital capital and at the same time handles every decision. That’s why it’s necessary to choose the most reliable platform with helpful conditions. So let’s observe the top 5 DEXs, currently operating, and then compare their offers and […]
2020 was a good year for the DeFi sector as several platforms saw an increased interest from traders and users. As these platforms offered new liquidity options for traders and helped them earn more profit, there was a sudden flow of income, resulting in more DEXs opening up to capitalize on this opportunity. One of […]
Crypto asset trading has continued to skyrocket in 2021, hitting new and unprecedented records: Volumes reached $3.8 trillion in April 2021 when bitcoin hit its all-time high. Between August 2020 to 2021, the traded value on large decentralized exchanges (DEXs), like Curve, Uniswap, and PancakeSwap grew by about 550% Major centralized exchange (CEX) Binance’s spot cryptocurrency trading volumes totaled $789 billion in September, versus $454 billion (€390.7 billion) in July, while derivatives volumes jumped almost 25% to $1.7 trillion. DEXs have been gradually grabbing market share....