The U.S. Securities and Exchange Commission (SEC) has ignited a new firestorm in the ongoing saga of Terraform Labs and the collapse of its stablecoin, TerraUSD (UST). In a court filing, the SEC challenged the firm’s decision to retain Dentons U.S. LLC as its legal counsel, citing “suspicious” payments totalling $166 million raised for the […]
SEC Questions Terraform Labs’ ‘Suspicious’ $166 Million Lawyer Payment Read More »
The world of decentralized finance (DeFi) witnessed another security breach as the stablecoin protocol Seneca fell victim to a $6 million exploit on the Ethereum and Arbitrum network. The incident highlights the ongoing challenges and vulnerabilities associated with smart contracts, the building blocks of the ever-evolving DeFi space. The exploit unfolded when an unknown attacker,
$6 Million Seneca Exploit: A Stark Reminder of DeFi Security Vulnerabilities Read More »
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