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3232Stablecoin Plunges 98% in 24 Hours, Sparks Rug Pull Allegations
https://www.digit.info/stablecoin-plunges-98-in-24-hours-sparks-rug-pull-allegations/
Sat, 26 Oct 2024 14:26:44 +0000https://www.digit.info/stablecoin-plunges-98-in-24-hours-sparks-rug-pull-allegations/Read more]]>Early on Oct. 26, the U.S. dollar value of Essence Finance’s decentralized stablecoin, CHI, plunged by more than 90% after rumors emerged that more than $20 million of collateral had been removed. According to Geckoterminal data, the value of the stablecoin, which normally trades at par with the U.S. dollar, dropped by nearly 98% to […]
]]>Ciphertrace Report Shows Crypto Crime Moving to Defi
https://www.digit.info/ciphertrace-report-shows-crypto-crime-moving-to-defi/
Sat, 15 May 2021 00:30:29 +0000https://www.digit.info/2021/05/15/ciphertrace-report-shows-crypto-crime-moving-to-defi/Read more]]>Ciphertrace, a blockchain analytics company, has announced that crypto-related crimes have moved to the realm of decentralized finance (defi) apps and protocols. Now, the impact these hacks and exploits represent is way bigger than the one classic hacks to centralized exchanges and other scams do, according to their latest “Cryptocurrency Crime and Anti-Money Laundering Report.” […]
Early on Oct. 26, the U.S. dollar value of Essence Finance’s decentralized stablecoin, CHI, plunged by more than 90% after rumors emerged that more than $20 million of collateral had been removed. According to Geckoterminal data, the value of the stablecoin, which normally trades at par with the U.S. dollar, dropped by nearly 98% to […]
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Ciphertrace, a blockchain analytics company, has announced that crypto-related crimes have moved to the realm of decentralized finance (defi) apps and protocols. Now, the impact these hacks and exploits represent is way bigger than the one classic hacks to centralized exchanges and other scams do, according to their latest “Cryptocurrency Crime and Anti-Money Laundering Report.” […]