Aerodrome Finance suspends two contributors over insider trading
Aerodrome Finance suspended two contributors following allegations of insider trading during the launch of Venice’s VVV token. The decision came after an internal investigation was initiated just 30 minutes after suspicious trading activity was detected. Aerodrome Finance (AERO) is a decentralized exchange operating on Coinbase’s Base blockchain The platform, which specializes in automated market making […]
THORChain suspends network to address $200M debt
On Jan. 24, THORChain announced via X that it had paused its network due to excessive debt and leverage issues impacting its ecosystem. The platform owes nearly $200 million in ecosystem debt. In DeFi, ecosystem debt occurs when a blockchain owes more tokens than it holds, as seen with THORChain’s current situation. This often results […]
Indian crypto exchange Mudrex suspends withdrawals amid 200% growth in user base
Crypto exchange Mudrex announced Sunday that it has temporarily suspended crypto withdrawals, citing compliance concerns and the need to prevent misuse by bad actors. Mudrex, a Bengaluru-based crypto exchange platform supported by Y Combinator, Better Capital, and Woodstock Fund, has temporarily paused withdrawals. Founder Alankar Saxena, in an X post on Jan. 12, explained that […]
Crypto exchange XT.com suspends withdrawals amid $1.7M hack report
XT.com has issued a statement acknowledging an “abnormal transfer of platform wallet assets” but hasn’t confirmed the $1.7 million hack yet. Source link
