Decentralized Exchange News

2022-11-16 23:25:10 FTX hacker begins possible Pump & Dump scam as troll messages & cryptic tokens sent to Uniswap

The FTX Hacker address — 0x59AB…fd32b — is sending cryptic tokens, including one labeled “WHAT HAPPENED” to addresses across the blockchain, including exchanges, Vitalik, and Uniswap.A deeper analysis of the on-chain transactions by CryptoSlate revealed the messages have been going on for multiple days using newly created tokens such as “WHAT HAPPENED,” “CRO NEXT,” and “FTX SUCKS.”The image below showcases the token, “WHAT HAPPENED,” which was created at 9.40 AM GMT and minted directly to the FTX Hacker’s address with a supply of 1 billion tokens. Within 2 minutes, 90% of the tokens were sent to the Uniswap V2 contract, with many others distributed among other addresses linked to the Hacker.

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2022-11-16 00:00:00 Uniswap Overtakes Coinbase as Second-Largest Exchange Trading Ethereum Today

Traders are flocking to decentralized exchanges (DEXs) in the wake of FTX’s sudden, catastrophic implosion. One DEX, in particular, has risen overnight to become the world’s second-largest venue for trading Ethereum: Uniswap. Uniswap inventor Hayden Adams shared the news on Twitter today, citing analysis by Nansen CEO Alex Svanevik. DEXs let customers trade crypto while retaining full control over their funds, unlike centralized platforms, providing a greater level of protection against withdrawal freezes or network outages. At the time of tweeting, Uniswap had hosted north of $1 billion in Ethereum trades in the last 24 hours, nearly double the volume of Coinbase, the second-largest centralized exchange (CEX) in the world by total trading volume.

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2022-11-14 23:15:10 dYdX (DYDX), Moderate Volatility and Rising Sunday

dYdX (DYDX) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Sunday, the Derivatives has added 27.25% to $2.42. The Volatility Gauge analyzes this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. DYDX's moderate volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the token has moderate price swings and is well protected from price manipulation. dYdX price is trading above resistance. With support near $1.74 and resistance near $2.07. This leaves dYdX out of range and potentially in a volatile position if the rally burns out.

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2022-11-13 21:52:06 DYDX Coin Leads Sunday Gainers, Crypto Total Market Cap Dips Below $840 BN

FTX exchange, specifically events around it, have been the biggest headline in the digital asset sector this past week. The exchange saw massive withdrawals earlier this week from users reacting to Binance’s announcement of dumping the FTT token. Further unraveling and knock-off goings-on sent the cryptocurrency market tumbling before Thursday’s October US CPI report brought a much-needed repose going into Friday. Things have worsened for FTX, at least its main international exchange entity. Various new outlets citing people in the know reported on Saturday (Nov 12) that the bankrupt exchange suffered a $400 million drain late on Friday.

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2022-11-12 23:25:00 DFX Finance Hacked for $4M – Attacker Moves Funds Through Tornado Cash

Stablecoin-focused decentralized exchange DFX Finance (DFX) suffered an attack on Friday, November 11th, resulting in the loss of $4 million in stolen funds. PeckShield, a blockchain security firm, tweeted early on Friday morning that a hacker had managed to siphon an approximate 3,000 ETH, worth around $4 million USD at the time of writing, due to a “lack of proper reentrancy protection”. DFX Finance confirmed the hack, stating that it was notified of suspicious activity within 20-30 minutes of the initial transaction, and swiftly executed “a pause on all DFX contracts within a few minutes after confirming the attack”.

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2022-11-11 22:00:21 Polychain-backed DFX Finance hacked for $7.5 million

DFX Finance, a decentralized exchange protocol for fiat-pegged stablecoins, reported that it was attacked at 2:21 pm ET. An unknown attacker siphoned approximately $7.5 million from DFX, according to estimates from security researchers at BlockSec. The DFX Finance team acknowledged the security exploit and said it has paused all of its smart contracts to contain the issue. “We were notified of the suspicious activity within 20-30 mins of the first transaction and executed a pause on all DFX contracts within a few minutes after confirming the attack,” it said. The remaining portion of the stolen assets — about $3.2 million — was extracted by an MEV bot in a front-running transaction, also called a sandwich attack.

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2022-11-10 23:05:11 DeFi Exchange Platform dYdX Places Solana in 'Close Only' Mode

Decentralized exchange dYdX placed Solana trades in “close only” mode, meaning users will only be able to close out their positions on the perpetuals exchange and not open new ones. DYdX cited “market volatility” as its reason for making the move. Solana’s SOL token fell precipitously today on the news that FTX, a crypto exchange that holds a major stake in Solana, has become insolvent. SOL is currently priced at $14.10, down 40% from $24 a day ago. DYdX is a “hybrid” decentralized exchange that uses code – rather than a central intermediary – to facilitate most of its operations. The platform facilitated $3 billion worth of transactions in the past 24-hours, making it the largest decentralized finance (DeFi) exchange by daily trading volume according to CoinMarketCap.

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2022-11-10 00:25:08 Wintermute-Backed Decentralized Exchange Bebop Launches on Polygon

Bebop, a decentralized exchange (DEX) backed by Wintermute, a well-known crypto market maker, has launched on the Polygon blockchain after being open for whitelisted traders on Ethereum over the summer. Bebop claims to stand out among its competitors because of its signature one-to-many and many-to-one token trading, which allows users to trade multiple cryptocurrencies in one trade and save up to 65% on gas fees. This is similar to what rollups do – they bundle multiple transactions into one to significantly reduce gas fees. According to Katia Banina, Head of Product at Bebop, launching Bebop on Polygon further reduces gas fees.

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2022-11-09 01:01:03 MarginX, World's First Community-Based Decentralized Exchange, Launches on Function X Blockchain

MarginX, the world’s first community-based decentralized exchange (DEX), launches on the Function X blockchain today. It runs on a first-of-its-kind multi-chain and on-chain infrastructure that allows investors to trade with close to zero gas fees, ultra-high throughput and liquidity, and full ownership and transparency. During its beta test in August this year, the DEX accumulated a total transaction volume of more than 45 billion USDT. Currently, with a small group of invited users, the number of transactions on MarginX continues to steadily climb past 48 million, with the most updated numbers found on the Function X StarScan.

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2022-11-08 00:45:01 dYdX Foundation Announces Former ConsenSys Senior Exec Charles d’Haussy as CEO

The dYdX Foundation, an independent non-profit foundation of decentralised exchange dYdX, headquartered in Switzerland, announced on Monday the appointment of Charles d’Haussy as its new CEO. Charles d’Haussy joins dYdX Foundation from ConsenSys, where he set up the Hong Kong office and led the decentralized software protocols company’s APAC growth efforts and global business development. Prior to ConsenSys, d’Haussy co-wrote a book about Hong Kong’s blockchain entrepreneurs. He also has experience as a Fintech startup executive, and the Head of Fintech with the Hong Kong government, where he served 450 international FinTech companies and steered the growth of the HK FinTech Week, reaching over 10,000 global attendees.

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