ERC-20 wallet drainer gets a business license, Aave deploys on BNB: Finance Redefined

Prashant Jha4 hours agoERC-20 wallet drainer gets a business license, Aave deploys on BNB: Finance RedefinedThe creators of a wallet drainer application have registered their business in the United Kingdom.458 Total views1 Total sharesListen to article 0:00NewsletterOwn this piece of crypto historyCollect this article as NFTJoin us on social networksWelcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.

A “Nova Drainer” phishing tool developer has officially registered as a business in the United Kingdom. Pyth Network has introduced Bitcoin (BTC) exchange-traded fund (ETF) price feeds to allow DeFi developers access to real-time market data, bridging the gap between traditional and decentralized finance. And the DeFi lending and leverage protocol Blueberry urged users to withdraw funds immediately when it discovered a mysterious exploit.

The top 100 DeFi tokens by market cap continued their bullish momentum, with total value locked (TVL) exceeding $80 billion.DeFi devs get real-time Bitcoin ETF data with Pyth Network

Pyth Network, a provider of real-time market data for blockchain applications, announced the launch of price feeds for 13 Bitcoin ETFs on Feb. 20, making accurate price data of Bitcoin ETFs readily available to developers building DeFi protocols.

The approval of Bitcoin ETFs in the United States in Jan. 2024 was a landmark event for the crypto industry, which opened up regulated exposure to Bitcoin for mainstream investors still hesitant to take the plunge into the space via direct ownership.

Continue readingAave deploys DeFi protocol on BNB Chain

DeFi platform Aave has deployed its money market protocol on the BNB Chain as the blockchain expands its DeFi ecosystem.

In an announcement sent to Cointelegraph, BNB Chain said that Aave is joining the growing list of DeFi protocols on the network. The lending protocol is joining the likes of Uniswap and PancakeSwap to boost the DeFi ecosystem on the blockchain network.

Continue readingERC-20 wallet drainer receives U.K. business registration

A development team that produces a scam-as-a-service wallet drainer has taken the unusual step of registering as a business in the United Kingdom.

According to blockchain security firm CertiK, the phishing software developer Crypto Grab produces the “Nova Drainer” application as a “drainer” or “phishing” product. The company has been listed on the official website of Companies House, the U.K. Government agency that oversees business registrations.

Continue readingDeFi protocol Blueberry pauses lending following mystery exploit

DeFi protocol Blueberry has managed to pause its protocol after a mad dash to limit potential damage from an “ongoing exploit” on Friday.

In a Feb. 23 post on X, the Blueberry Protocol Foundation reported suffering an “ongoing exploit” and advised users to withdraw their funds from Blueberry lending markets as it worked on “pausing the protocol as quickly as possible.”

Continue readingDeFi market overview

Data from Cointelegraph Markets Pro and TradingView shows that DeFi’s top 100 tokens by market capitalization had a bullish week, with most trading in the green on the weekly charts. The TVL in DeFi protocols breached $80 billion for the first time in over a year.

Thanks for reading our summary of this week’s most impactful DeFi developments. Join us next Friday for more stories, insights and education regarding this dynamically advancing space# Blockchain# Cryptocurrencies# Ethereum# Adoption# Binance# Hacks# DeFi# AaveAdd reactionAdd reactionRead more