An unknown Hyperliquid trader has exceeded James Wynn, who has been the biggest loss of trading platform, with over $ 40 million in losses within a month, according to Blockchain data.
Lookonchain announced that the entrepreneur had made high-leverage trading, with about $ 40 million disappearances in hyperliquid (hype), after selling nearly 900,000 tokens before the asset collapsed.
Later the whale lost another $ 35 million in an ether (Eth) position. After that, he pivoted in a short position and then lost another $ 614,000. His bitcoin (Btc) The position is also under the water, with an uncertain losses of nearly $ 2 million.
Just last month, Hyperdash data shows that the whale purse has lost $ 39.5 million. Despite this, the whale still has $ 152 million positions with about 29x leverage.
Kinto has pledges 81% as set by ETH L2 to drop the months after the hack
The native token of the Decentralized Finance (DEFI) Kinto Network platform dropped more than 80% after news that the Ethereum Layer-2 Blockchain was closed in September.
Kinto said market conditions forced the project to close. The protocol said they have been running without salaries since July, and because it cannot go through the financing financies’ last attempt, they have made the decision to close.
The decision to close the following with a $ 1.6 million hack resulting from a weakness in the ERC-1967 proxy standard.
While the project blames the hack failure and increased financial pressures, a community member has taught high annual percentage project offers to Stablecoins, even after the hack. The project had previously offered a 130% annual harvest to Stablecoins, one of the highest in the defi.
SwissBorg hacked $ 41 million Sol after compromise with third-party API
The SwissBorg Exchange Platform lost nearly $ 41 million in an exploitation due to a weakness in staking partner Kilin.
The project about 193,000 Solana tokens, which costs $ 41 million, stolen from the revenue program. Despite this, the project said its app and other earning products were not affected.
The company also said it remains in good financial health despite the suffering of millions of losses. It said the sun -operation was not affected, and users who had lost funds would directly contact the platform.
Swissborg CEO Cyrus Fazel assured users that while it was a huge amount of money, it did not put the platform at risk.
Ethereum L2 Megaeth introduces a harvest-bearing stablecoin to fund protocol
Ethereum Layer-2 protocol Megaeth, a project supported by Vitalik Blerin, announced the launch of an ani-bearing stablecoin that differs from the business model from traditional layer-2s.
The protocol said it generates USDM Stablecoin in collaboration with Etherna, a protocol of over $ 13 billion in total amount locked (TVL). The token will be launched in the Etherna infrastructure, which the channels are reserved for Buidl, which is a -tokenized Bill of the Blackrock Treasury bill.
The yield from the stablecoin reserves will be used to offset the fees in order, which costs a layer-2 must pay when published batches of transactions to Ethereum Mainnet.
Megaeth’s co-founder Shuyao Kong said Stablecoin will lower the fees of users and allow more expressive design for applications.
https://www.youtube.com/watch?v=20zFedQDKL8
Bubblemaps express the biggest attack on Sybil in crypto history in MYX AirDrop
Blockchain Analytics firm Bubblemaps has announced that it has identified Sybil’s largest attack in crypto history, pointing 100 funded purses that have announced $ 170 million in MYX tokens from a recent airdrop.
In a series of X posts, the analytics firm showed that the wallets had received similar BNB values from OKX for a few minutes of each other, almost a month after the airdrop. Bubblemaps said that while MYX hits a $ 17 billion fully melted appreciation, they find something unusual.
Bubblemaps have announced that the purses have no previous activity and claim their airdrop at about the same time. “It’s hard to believe it’s random,” said Bubblemaps, suggesting that it could be the “largest Airdrop Sybil of all time.”
An attack on Sybil is a security threat to decentralized networks in which an attack creates and controls many fake identities to gain influence on the system.
Overall -Defi Market
According to the data from Cointelegraph Markets Pro And tradingview, most of the 100 largest cryptocurrencies by market capitalization ended the week in green.
MYX Finance (MYX) has 1,100% seven -day gain, becomes the largest Gainer of the Weekong. The token was followed by WorldCoin (WLD), which recorded more than 90% of the acquisitions last week.
Thanks for reading our summary of the most affecting defi development of this week. Join us next Friday for more stories, perspectives and education about the dynamic advancement of this space.
