A decentralized finance (DeFi) lending protocol, bZx, has been exploited two times over the last few days as attackers managed to make over $1 million worth of ether by taking out so-called flash loans – loans taken and repaid in a single transaction.
FCoin, one of the first crypto exchanges to adopt the controversial trans-fee mining model, accidentally distributed too many tokens and is now insolvent because of the mistake.
The IOTA Foundation has released a patched version of its Trinity wallet for desktop devices. It doesn’t allow users to send or receive funds, but it lets them check their balances to monitor outgoing transactions.
Top stories in the Crypto Roundup today:
- Defi Lending Procotol Exploited for Over $1 Million Worth of Ether
- Trans-Fee Mining Crypto Exchange 'FCoin' Insolvent After Mistakenly Being Too Generous
- IOTA Releases Patched Version of its Trinity Wallet, Mainnet Still Suspended
At the time of writing, bitcoin (BTC) is trading at $9,725.54 (-0.85%) with a daily Top Tier volume of $2.61 billion. As for ether (ETH), it is trading at $265.94 (5.86%) with a daily Top Tier volume of $2.10 billion. The MVIS CryptoCompare Digital Assets 10 Index is currently tracking at 3,876.83 (0.33%)