Tag: cover protocol

Jul 21 2021

Top 10 DeFi Updates | July Week 3

The decentralized finance (DeFi) space has continued to grow exponentially, thanks to increasing global interest as well as important new updates. To keep readers informed, we have listed some of the top DeFi updates of last week. Such DeFi updates include the yield farming program from TrustSwap and CREAM as well as Cardano recently completing its Alonzo upgrade. 1 - TrustSwap and CREAM...

Dec 28 2020

Who Insures the Insurer? Cover Protocol Attack Exposes DeFi’s Promise and Peril

Dec 28 2020 Published at CoinDesk under tags  cover protocol defi hack insurance markets

Defi insurer Cover Protocol, designed to reduce smart contract failure risks, was exploited by a bug in its smart contract on Monday morning.

Cover Protocol May Launch New Token Following Attack

Dec 28 2020 Published at CoinDesk under tags  cover protocol defi hack markets news

Cover Protocol announced it's exploring launching a new COVER token through the snapshot before the attack by a "white hat" hacker on Monday morning.

Cover Protocol Exploit Takes a Bizzare Turn, Hacker Returns All The Funds With an Important Message

Cover Protocol exploit just took an interesting turn as the exploiter has returned all the stolen funds around 4350 ETH back to the deployer with an important message that read, Next time...

Cover Protocol Attack Perpetrated by ‘White Hat,’ Funds Returned, Hacker Claims

Dec 28 2020 Published at CoinDesk under tags  cover protocol hacking markets news

The Yearn-owned Cover Protocol was hacked earlier Monday in an infinite printing scheme, causing the price of the Cover token to plunge. Hours later, a so-called 'white hacker' claimed responsibility for the attack, saying all funds had been returned. This story is developing and will be updated.

Cover Protocol Hacker Makes Off With Millions, Binance Halts Token Trading

Dec 28 2020 Published at Crypto Briefing under tags  cover protocol hack insurance markets

A hacker has exploited a bug in the incentives smart contract of Cover Protocol. This has allowed the hacker to get away with 11,761 COVER tokens, worth $3.62 million at press time. Cover Hack Kills Token Price Cover...

Dec 21 2020

Prediction Market Platform Augur Joins Cover for Shield Mining

Decentralized prediction market protocol Augur is now live on the Cover DeFi insurance platform, enabling loss protection and yield farming incentives. The move allows users of the Augur prediction platform to buy CLAIM tokens to hedge against a loss of funds vulnerability, the announcement added. Augur added that users can also buy the two types of insurance tokens on Cover and deposit them...

Dec 17 2020

Top 5 DeFi Protocols To Look Out For

Decentralized Finance (DeFi) protocols have accumulated a total value locked (TVL) figure of $16.1B and feature a combined market cap of $20B. Now, investment into major DeFi protocols has raised the net worth of many individuals who were savvy enough to capitalize on the new opportunities and minted new millionaires. With the DeFi fever at all time high and major developments happening across,...

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