Fei Protocol – DIGIT INFO

Attackers Steal $80 Million From Rari Capital’s Fuse Platform, Fei Protocol Suffers From Exploit

DIGIT — Sat, 30 Apr 2022 15:30:09 +0000

According to a report from the blockchain company Blocsec, Rari Capital’s Fuse platform has lost roughly $80 million from a “reentrancy vulnerability.” On Saturday, Fei Protocol’s official Twitter account confirmed it lost funds from the Rari Fuse platform exploit. $80 Million Swiped from Rari Capital Another decentralized finance (defi) protocol attacker has managed to siphon […]

Go to Source

Polygon-Based Defi Stablecoin Safedollar Plunges to Zero — Team Is Investigating Exploit

DIGIT — Mon, 28 Jun 2021 15:00:18 +0000

The algorithmic decentralized finance (defi) stablecoin safedollar (SDO) has been attacked, according to statements published on its Telegram channel. The safedollar token did not remain stable following the attack, as the defi stablecoin’s price collapsed to zero. Safedollar Stablecoin Price Collapses A Polygon (MATIC) blockchain-based stablecoin called safedollar (SDO) has lost all of its value, […]

Go to Source

VC Backed Billion-Dollar Stablecoin Project Fei Protocol Falls Below the USD Peg

DIGIT — Thu, 08 Apr 2021 05:30:35 +0000

The new decentralized finance (defi) stablecoin project called Fei had some issues this week after the 1:1 USD pegged token dropped well below its targeted $1 value. The Fei project was supposed to be similar to Maker DAO’s algorithmic DAI stablecoin and it was backed by major venture capital firms. Fei Protocol Market Price Drops […]

Go to Source

Fei Protocol genesis locks up $1 billion in ETH, but LPs could face losses

DIGIT — Mon, 05 Apr 2021 05:52:28 +0000

Despite attracting more than $1 billion, Fei protocol’s genesis event hasn’t been entirely smooth sailing — with LPs facing losses if they withdraw soon.

Go to Source