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Binance Smart Chain DeFi projects

Top 10 Binance Smart Chain Projects - Best DeFi Coin on BSC PancakeSwap (CAKE): Decentralized Exchange. PancakeSwap is a decentralized exchange on the BSC that uses permissionless... Venus (XVS): Decentralized Money Market. Venus is a money market and synthetic stablecoin protocol that uses an.... One option that has seen considerable growth due to these factors and more is the Binance Smart Chain (BSC). BSC is now the fastest-growing Ethereum competitor in the DeFi and NFT markets. This growth has been fueled by a variety of new and exciting projects. Here are 6 BSC projects to watch in 2021 Top Three DeFi Projects on Binance Smart Chain. By SteveR82 | SteverR82 Blockchain Games and Projects | 19 Feb 2021 $0.09 I had to make another video about the different DeFi platforms I have invested in. Like most, I have someone's money into PancakeSwap. But I am glad that I got into GooseFinance and now I am putting just a little to BakerySwap on the news that they seem to be working. PancakeSwap is a Binance Smart Chain based AMM exchange with liquidity incentivized through farming mechanics, lottery, and collectibles gamification

Top 10 Binance Smart Chain Projects - Best DeFi Coin on

Binance Smart Chain DeFi project BurgerSwap hacked for $7 million Decentralized finance platform BurgerSwap lost over $7.2 million worth of BNB, ETH, BURGER, other tokens to a flash loan attack. Liam Frost · May 28, 2021 at 9:26 am UTC · 2 min rea Binance Smart Chain is compatible EVM that means it support development of dApps and project with smart contract integration. BSC since its arrival gaining huge attention from developers and investor with possible reason high performance and scalability. BSC also support cross-chain support along with creation of pegged coin with multiple single blockchain network-based token. recently, BSC. Within the six months of existence, Binance Smart Chain (BSC) has shaken the blockchain industry with new interesting projects. The chain has distributed several DeFi dapps, which have empowered the protocol to grow quickly. Two DeFi dapps that stand out in terms of unique active wallets and transaction volumes are PancakeSwap and Venus A yield farming project on BSC has been hacked for $31 million. Their website, twitter account, and telegram channel are all down, suggesting a rug pull by creators. The hackers are using DeFi avenues to move the stolen tokens

Insbesondere Anwendungen aus dem Bereich der Decentralized Finance (DeFi) nutzen die Binance Smart Chain (BSC). Wir nehmen fünf der vielversprechendsten BSC-Projekte unter die Lupe. Fakt ist, dass die Binance Smart Chain nach Ethereum (ETH) den zweitgrößten DeFi-Sektor im Krypto-Space innehat. Bereits jetzt verwalten DeFi-Protokolle der BSC über 4,2 Milliarden US-Dollar. Vor allem in den letzten Wochen wuchs di Defistation is a DeFi leaderboard and analytics website for decentralized finance projects building and operating on Binance Smart Chain

6 Binance Smart Chain (BSC) DeFi Projects to Watch in 202

  1. Additionally, BSC is EVM-compatible, which means MetaMask can still be used to interact with Bounce (or any other DeFi app) on Binance Smart Chain. As Binance Smart Chain emerges from its first-month, post-mainnet launch, we can expect more DeFi projects to go multi-chain and launch support for BSC soon. Edda Viktor. Blockchain enthusiast learning to write and deploy my own DApp. Previously.
  2. Total Value Locked in DeFi (BSC) Measures the total value in USD locked across DeFi projects for the entire Binance Smart Chain ecosystem. Total Value Locked in DeFi: $ B. (Billions USD
  3. 6 Interesting Binance Smart Chain (BSC) DeFi Projects to Check. This year has seen the restructuring of the crypto sector in many different ways. The DeFi and NFT sectors' growth has put a large strain on older blockchains, such as Ethereum. These networks were built in a way that is designed to increase their fee structure based on the.
  4. The most recent news about Binance Smart Chain. Latest news about DeFi, Projects, Binance blockchain, cryptocurrency prices and more
  5. Top Reasons for Building DeFi on Binance Smart Chain The vision of Binance is to improve the freedom of money. The Binance team believes that by spreading this freedom, it can significantly improve lives around the world. Thus, the team has built the holistic Binance ecosystem to empower entrepreneurs and users
  6. EOS's leading DeFi project moves to the Binance Smart Chain. By Daniel Jara. March 30, 2021. Amsterdam-based DeFi platform Effect Network, EOS's most used decentralized app, has revealed plans of moving its entire network from the EOS Blockchain to the Binance Smart Chain (BSC)
  7. g project Meerkat Finance, which is one of the DeFi (Decentralized Finance) applications that runs on the Binance Smart Chain, the exchange's proprietary blockchain, was hacked a short while ago.. During this hacking attack, as much as $31 million was stolen from the smart contract.. The project, as mentioned, focuses on yield far

Binance Smart Chain DeFi Project Impossible Finance Hacked. Yet another DeFi project on the Binance Smart Chain has been exploited. This time, attackers nabbed $500,000 from Impossible Finance in a flash loan attack. By Andrew Asmakov. 2 min read Jun 21, 2021. Jun 21, 2021 Binance Smart Chain continues to bridge centralized finance, or CeFi, with the fast-growing world of DeFi. Other Binance-led innovations include the Token Canal project, which allows developers to connect Binance Smart Chain to other blockchains, enabling the transfer of network tokens both to and from our blockchain 5 Promising DeFi Projects Leveraging Binance Smart Chain. Binance Smart Chain is the next major blockchain trying to build up its DeFi ecosystem. Several projects that provide exposure to decentralized finance have already launched. The following ventures are all worth checking out, yet no one should invest blindly Bridging DeFi and CeFi: Introducing a $100M Support Fund for DeFi Projects on Binance Smart Chain. We're establishing a $100 million USD seed fund to empower emerging projects and drive collaboration between centralized finance (CeFi) and decentralized finance (DeFi). Today, Binance Founder and CEO Changpeng Zhao announced the creation of a seed. Amsterdam-based DeFi platform Effect Network, EOS's most used decentralized app, has revealed plans of moving its entire network from the EOS Blockchain to the Binance Smart Chain (BSC). Effect Network—a DeFi platform with a goal of linking companies to job seekers worldwide—revealed its decision to switch was driven by growing concerns surrounding the leadership of the EOS Blockchain and consequently, the practicability of the Blockchain, especially with emerging issues

Is Binance Smart Chain safe? The question of whether BSC or any other blockchain, as a matter of fact, is safe, could be answered in different ways. One element is the security of the code, the nodes, and the blockchain itself, the second element is the security of the ecosystem. The BSC ecosystem consists of multiple parts and participants where each comes with a different set of threats. EOS Loses Its 'Largest' DeFi Project to Binance Smart Chain Effect Network, a decentralized finance (DeFi) platform that connects companies to the global workforce, will be switching its..

Top Three DeFi Projects on Binance Smart Chai

  1. Then this weekend another Binance Smart Chain defi project called Bogged Finance took a flash loan beating for $3 million as well. The defi project Bogged Finance's post mortem says: BOG token was exploited by an unknown attacker who was able to drain $3m of the $6m liquidity using a complex Flash-Loan based attack
  2. On September 1, Binance announced another initiative in a push towards DeFi development. It launched Binance Smart Chain that would run in parallel with Binance Chain enabling smart contracts and..
  3. g ($750-1500 USD) Blockchain Implementation ($30-250 USD) ERC 20 Token (€750-1500 EUR) Develop BEP 20 token. ($15-25 USD / hour) Looking for a smart contract developer -- 3 ($250-750 USD) I need an App like Uber/Lfty and I NEED YOU TO SHOW ME EXAMPLES OF SIMILAR APPS YOU HAVE BUILT OR I WILL NOT RESPOND ($250-750 USD
  4. Mooni DeFi is the incubator based on Binance Smart chain with innovative product launches, where community gets rewarded in ecosystem tokens. Our focus is to build innovative DeFi products for BSC and support fair launches for the community. The ecosystem consists of four main offerings initially, here are the products with launch dates
  5. Riesenauswahl an Markenqualität. Folge Deiner Leidenschaft bei eBay! Kostenloser Versand verfügbar. Kauf auf eBay. eBay-Garantie
  6. Binance launched Binance Smart Chain (BSC) in September 2020 as an innovative solution to bring programmability and interoperability to Binance Chain. Since then, there have been many different projects that have expanded on it. In view of Ethereum's inability to harbour the high amount of transactions that the DeFi boom has brought to the industry, 5 Most Promising Projects on the.
  7. utes read. Facebook Twitter Google+ LinkedIn Tumblr Pinterest Reddit Pocket. The decentralized financial space is not one many can predict as many projects on the Binance Smart Chain have added new gains within the short period. Recently, some.

DApp support means that people can launch decentralized finance (DeFi) projects on BSC. Also, BSC is cross-chain compatible, allowing users to transfer assets between Binance Chain and Binance Smart Chain. BSC uses a consensus mechanism called Proof of Staked Authority (PoSA) and has a block time of about three seconds. Participants have to stake BNB, the native cryptocurrency, to become. Binance Smart Chain's DeFi Project Losses Over $30M In Flash Loan Exploit. A DeFi project Spartan Protocol's contract suffered an exploit that led to loss of more than $30 million in funds. The incident reportedly originated due to a flawed liquidity share calculation in the protocol, that resulted in the drainage of assets from the pool Ethereum projects are fleeing to BSC. Despite being a centralized blockchain, many Ethereum-based DeFi projects have been fleeing to the Binance Smart Chain, as Ethereum became very expensive to use. Early this month, the largest decentralized exchange, SushiSwap, also joined the Binance ecosystem and some other blockchain networks PancakeSwap: Financial NFTs. DeFi platforms on Binance Smart Chain owe part of their success to clever NFT implementation. NFTs with a financial twist rather than pure, creative collectibility are now driving NFT sales. BSC's most cuddly, rabbit-themed DeFi project, PancakeSwap, have created their own line of NFT characters to collect Binance Smart Chain is home to many exciting projects. Several of them can offer long-term potential, although thorough research remains advised. PancakeSwap (CAKE) To some people, PancakeSwap is the platform capable of rivaling Uniswap and Sushiswap. It is an AMM DEX on the Binance Smart Chain with CAKE as its native token. Currently valued at.

Yeah, it was clearly a scam. There have been also a lot of maybe 1mm or less scams on binance smart chain projects, there have been showing up a lot of copy paste projects, people throwing money just because they see high apy, and then getting rekt because the anon developer disapears with all the funds Impossible Finance (IF), a DeFi project based on Binance Smart Chain (BSC) suffered a flash loan attack. It is the latest in a string of attacks targetin I had to make another video about the different DeFi platforms I have invested in. Like most, I have someone's money into PancakeSwap. But I am glad that I g..

Binance hat eine eigene Smart-Contract-Plattform und diese boomt derzeit. Insbesondere Anwendungen aus dem Bereich der Decentralized Finance (DeFi) nutzen die Binance Smart Chain (BSC). Das sind. A number of DeFi-related projects on the Binance Smart Chain including PancakeSwap and Cream Finance are under a DNS hijack attack, CZ warns. PancakeSwap, the largest and most popular decentralized cryptocurrency exchange and automated market maker (AMM) on Binance Smart Chain, might have had its DNS hijacked. Cream Finance is also under attack While projects are on the quest to drive mass DeFi adoption, launchpads have made a revolutionary impact contributing to the success of the project. Number of projects are launching on the Binance Smart Chain due to smart attributes such as high throughput, lack of latency issues and low transaction costs Decentralized finance (DeFi) protocol Impossible Finance has lost as much as $500,000 in user funds during a flash loan attack today. The attack on Impossible Finance's liquidity pool occurred at around 4:40 AM UTC on June 21 and resulted in a loss of 229.84 ETH (about $0.5 million at the time). Mudit Gupta, a core Continue reading Binance Smart Chain DeFi Project Impossible Finance Hacke

Browse through top binance-smart-chain dapps, ranked by specific metrics like daily users, daily volume and more All categories Games DeFi Gambling Exchanges Collectibles Marketplaces Social Other High risk. Only New Dapps. 24H 7D 30D. BSC Portfolio Tracker. Get real-time token prices, liquidity pools and staked tokens . Category. Protocol. Balance. Users. Volume. Activity. No dapps were. Mehrere DeFi-Projekte in der Binance Smart Chain sind einem DNS-Angriff ausgesetzt, darunter Pancake Swap und Cream. Cream berichtete zuerst, dass ihr Domain Name System von einem Dritten kompromittiert wurde. PancakeSwap bestätigte den Angriff daraufhin. Weitere Nachrichten und Updates teilen wir in unserer Telegram Gruppe Binance Smart Chain is an EVM-compatible chain that replicates many of the DeFi features found on Ethereum. It's sometimes referred to as a CeDeFi network, meaning a centralized alternative to DeFi. Soon after it was launched in Sep. 2020, BSC witnessed rapid growth and adoption. This was partly because of the low costs of trading and. Binance CEO Changpeng Zhao had previously shown significant bullish sentiment for DeFi, as he invited several Ethereum-based DeFi projects to join Binance Smart Chain. While he did clarify that the Smart Chain is not a rival to Ethereu, the exec stressed that BSC never targeted to replace Ethereum and instead just happens to be ETH-compatible. It was built to offer a platform for different. Flash Loan Attacks Drain 2 Binance Smart Chain Defi Projects for $6 Million May 24, 2021 BTCUpload Leave a comment There have been two back-to-back flash mortgage assaults in a brief time period stemming from two distinctive Binance Smart Chain decentralized finance (defi) initiatives

In brief. A DeFi application lost $31 million a day after launch. Some within its community claim that the whole thing was a rug pull scam. Just a day after launching on the Binance Smart Chain, decentralized finance. decentralized finance. project Meerkat Finance today put out a message saying that hackers stole $31 million from the wallets Binance Smart Chain continues to bridge centralized finance, or CeFi, with the fast-growing world of DeFi. We launched the $100 million accelerator fund to further support the development of high-quality DeFi projects that contribute to building the industry's infrastructure and technologies to better unlock DeFi's potential Binance Smart Chain DeFi project Belt Finance hacked for $ 6.2 million to a flash loan attack. Projects built on top of Binance Smart Chain have recently been repeatedly targeted by attackers. After Pancake Bunny, the most recent is BurgerSwap or Venus. And this time, the flash loan attack on BSC called Belt Finance Decentralized Finance (DeFi) auf der Binance Smart Chain (BSC) ist in den letzten Wochen enorm gewachsen. Gleichzeitig sind einige BSC-DeFi-Token durch die Decke gegangen und ein Projekt konnte sogar UniSwap (UNI) vom Thron stoßen. Wie smart ist die Binance Smart Chain? Der DeFi-Sektor auf Ethereum (ETH) scheint sich noch von seiner extremen Kursrallye Anfang Februar zu erholen und. The Binance smart chain DeFi development is currently a modern platform for all those racing entrepreneurs to get placed their business in front of all, with the utilization of Binance smart chain. This BSC DeFi helps to soar out in this bull run. Here, you can inspect further about the Binance Smart Chain in detail

Effect Network, a decentralized finance (DeFi) platform that connects companies to the global workforce, will be switching its development from the EOS blockchain to the Binance Smart Chain (BSC) Binance Smart Chain DeFi Project - Jointer Launches Ethereum Cross-pool Liquidity. By adding UniSwap liquidity to BSC, JNTR, JNTR/b, and JNTR/e investors are presented with new DeFi options bridging ERC20 and BEP20 pools. After receiving initial community success in Binance Smart Chain (BSC), through the growth of unique holders to over 3,500.

Binance Smart Chain Project Drained of $32M in Suspected Rug Pull. 24 hours after it was launched on the Binance Smart Chain, DeFi project Meerkat Finance lost almost $32 million worth of crypto, in what is suspected to be the largest rug pull on Binance so far Binance is launching an Ethereum-rivaling 'Smart Chain.'. BNB prices surge as new staking opportunities arise. Average Ethereum transaction fees surge to new highs above $13. The Trust Project is an international consortium of news organizations building standards of transparency. Binance has unveiled a new blockchain and a raft of DeFi. Flash Loan Attacks Drain 2 Binance Smart Chain Defi Projects for $6 Million. There have been two back-to-back flash loan attacks in a short period of time stemming from two unique Binance Smart Chain decentralized finance (defi) projects. Last Wednesday, the yield-farming platform Pancakebunny lost close to $3 million in a flash loan attack. Binance Smart Chain DeFi Project Hacked for $31 Million. By. financegates_k7q5f8 - March 5, 2021. 75. 0. Facebook. Twitter. Pinterest. WhatsApp. Key Takeaways . A yield farming project on BSC has been hacked for $31 million. Their website, twitter account, and telegram channel are all down, suggesting a rug pull by creators. The hackers are using DeFi avenues to move the stolen tokens. Share.

DeFi project 1inch is expanding to the Binance Smart Chain (BSC) blockchain. According to the 1inch team, the Binance Smart Chain version of their protocols offer the exact same functionality as their Ethereum counterparts - both the 1inch Aggregation Protocol and the 1inch Liquidity Protocol are now also available on Binance Smart Chain On September 1, Binance launched Binance Smart Chain (BSC), a new parallel blockchain to Binance Chain that enables the creation of smart contracts and introduces a new staking mechanism for Binance's BNB token. The main drive behind the creation of Binance Smart Chain is for Binance to join the DeFi revolution by offering financial protocols as an alternative to the Ethereum blockchain

Binance Smart Chain Bags Yet Another DeFi IntegrationWhat is Binance Smart Chain (BSC)

BSC DeFi Ecosystem - List of the Best Binance Smart Chain

Binance Smart Chain based DeFi project Uranium suffers $50 million loss due to hack, SlowMist analyzes incident May 28, 2021. Source: Instagram, Binance. And yet another two projects on Binance Smart Chain ( BSC) suffered incidents, in the form of more flash loan attacks - and this time it's Burger Swap (BURGER) and JulSwap (JULD). BSC, ran by the crypto exchange giant Binance, may be getting more popular among the projects, but it's also becoming. Binance Smart Chain-based DeFi project Uranium Finance exploited, lost $50 million. The Block 1 month ago. Published on April 28, 2021 10:45 GMT+0 edited on April 28, 2021 10:57 GMT+0. Share. Uranium Finance, a Binance Smart Chain-based decentralized finance (DeFi) project, says it suffered exploitation early Wednesday and lost $50 million. Several tokens, including bitcoin and ether, were.

Binance Smart Chain DeFi project BurgerSwap hacked for $7

The CEO of Binance, Changpeng Zhao, has invited Ethereum DeFi projects to the Binance Smart Chain (BSC). CZ believes that such a migration would lessen the load on the Ethereum network as well as lower ETH gas fees. He made these comments on Twitter and after he was asked whether he would love to see more DeFi projects on the Binance Smart Chain. Below is CZ's response and the tweet that. Another DeFi project on Binance Smart Chain has fallen into the hands of hackers. This time, Uranium Finance was hacked and stolen over $ 50 million. Currently, the project is contacting the Binance security team to resolve. However, according to the trace, the funds were sent to Tornado Cash - a non-custodial privacy solution for the Ethereum network based on zkSNARKs technology. Binance always provides liquidity in BUSD and BNB to the selected DeFi projects and GokuMarket aims to get Binance liquidity for the DeFi services. The EVM (Ethereum Virtual Machine) compatibility can support all Ethereum tools, enabling GokuMarket to port their contracts with minimal effects, reducing the development overhead when building projects on multiple chains. With the multi-chain.

Binance backed Tokocrypto, to launch the first Indonesian DeFi Project on Binance Smart Chain. Mar 18, 2021 | Binance Team Press Release--:--Get Inspired By The Best Altcoin of 2021! Get Inspired By The Best Altcoin of 2021! Join now . Tokocrypto - Indonesia's first regulated crypto exchange under the Commodity Futures Trading Regulatory Agency Indonesia (BAPPEBTI) to drive greater adoption. If you feel it's too late to catch the DeFi train on Ethereum, there are some other promising projects on the Binance Smart Chain. The Binance Smart Chain is still a new platform and could be the place to find projects that haven't already skyrocketed out of reach in this bull run. Consequently, it can be worth it to inspect the Binance Smart Chain more in detail. Nevertheless, before we. Binance Smart Chain DeFi Project Hacked for $31M (cryptobriefing.com) 45 points by capableweb 1 hour ago | hide | past | favorite | 37 comments: qqii 39 minutes ago. I found it strange that the title and beginning of the article reffered to this as a hack instead of what the test of the article suggests - a rug pull by the developers themselves. Since everything has been scrubbed the only. Luckily Binance created Binance Smart Chain (BSC) to address this problem. The transactions on BSC are fast and very cheap. Even it's super new, there are already well-established DeFi projects like PancakeSwap. Its TVL is already more than $2 billion. It's a BSC alternative to Ethereum projects like UniSwap and Sushiswap Binance Smart Chain DeFi Project Impossible Finance Hacked. Decentralized finance (DeFi) protocol Impossible Finance has lost as much as $500,000 in user funds during a flash loan attack today. The attack on

Best BSC (Binance Smart Chain) DeFi Project to Buy or Inves

Currently, a variety of new Defi projects has been created on Binance Smart Chain (BSC), with the assistance of BINANCE LAUNCHPAD project. This shade more light on the as created project and launched token, bringing the trust from the Crytoholic (Crypto investor). It is obvious that the Centralised LaunchPad is a superb successful Crypto-incubator platform; however, there are so many. Binance Smart Chain has gained a lot of attention over the last month due to Ethereum's congestion and the subsequent high gas fees. Many DeFi projects and traders are also shifting to BSC as a result of scalability issues. The rising popularity of BSC and its use as an Ethereum alternative helped sky-rocket BNB's value from around $50 in.

Binance Smart Chain has recently announced their mainnet and many DeFi projects are already building on it. BurgerSwap is the very first Uniswap-like application launching on Binance Smart Chain. Six Binance Smart Chain DeFi projects awarded grants from $100M fund More than 180 projects have applied for grants since the $100 million accelerator fund was announced in September. 11755 Total. Another DeFi project on the Binance Smart Chain has been exploited. This time, attackers nabbed $500000 from Impossible Finance. Read more. 0 comments. Leave a reply. Click here to cancel reply. Name (required) Email (will not be published) (required) Website. Submit comment. Log in for authorized contributors. Tag cloud aging AI Alzheimer's anti-aging Artificial Intelligence bioquantine.

Binance Smart Chain 2021 Overview - DappRada

Binance Smart Chain DeFi Project Hacked for $31 Million

At ArtiChain finance we are leveraging the DeFi concept to build an ecosystem which is a game changer in the industry powered by Binance Smart Chain. Unlike other DeFi projects notably decentralized exchanges, ArtiChain Finance will let the users go through ArtiChainswap to earn, trade and win big on our platform. Notably, to be a real game changer in the industry, we've added extra features. The funded projects are developed on top of Binance's blockchain network Binance Smart Chain (BSC), which comes with low network fees. The DeFi industry has witnessed a magnificent growth since 2019 to become a multibillion sector in the recent past due to high-interest products and the launching of non-custodial trading and lending

Starkes Wachstum: Die Top 5 Projekte der Binance Smart

The Binance Smart Chain itself is at least non-custodial, meaning that it doesn't take custody of user assets. Binance DeFi hosts a suite of developer tools to encourage innovation for the sake of offering everyday users an approachable means to interact with a DeFi ecosystem. The Binance DeFi ecosystem comes with: a Decentralized Exchange (DEX) an option to stake cryptocurrencies; the. Taking advantage of the strengths on the Binance Smart Chain platform, you will transact at a fast speed with a small amount of fees. Open-source By applying the nature of DEFI, Betafinance provides open source lending protocols, review rigorous community, ensuring all operations and functions As a result, the total value locked (TVL) by DeFi projects on Binance Smart Chain has crossed $22.9 billion. Many leading blockchain projects like 1Inch, Cartesi, and Linear Finance have already embraced BSC to create token on Binance Smart Chain. Is Binance Smart Chain superior to Ethereum? As per Chang Pang Zao, Binance Smart Chain is not an Ethereum killer. Basically, it is designed to. The Binance Smart Chain has become a very popular chain for DeFi projects. Many DeFi newcomers launched on BSC like Pancakeswap and Autofarm. We are happy that Bidao can contribute to this awesome DeFi community . Why Binance Smart Chain? . BSC has some advantages compared to other Blockchains l i ke Ethereum and Cosmos. A big advantage is. How to use MetaMask on Binance Smart Chain. I would like to point out that even if I use MetaMask, I usually prefer to use 2 different wallets: one dedicated to DEXs on Ethereum and the other one for DEXs on Binance Smart Chain. So, proceed to create a new wallet on the same MetaMask by clicking on the coloured circle on the top right of.

Defistation is a DeFi leaderboard and analytics website for decentralized finance for projects building and operating on Binance Smart Chain. Defistation is developed and maintained by. Binance Smart Chain has become a hotspot of sorts for attackers over the past month. In fact, many hackers have been exploiting DeFi protocols on BSC, with PancakeHunny being the latest to find itself the target. PancakeHunny, for its part, was quick to acknowledge the incident, however. In fact, according to the preliminary report provided [

Defistatio

Binance Smart Chain Projects Under DNS Attack. There are different kinds of DNS attack. But a lot of Binance-built Defi projects have declared that a domain name system (DNS) hijacking is happening on their platforms. Since it is a DNS hijack, the traffic from their domain names is being driven to another location BSC already features over 100 projects and the team plan to further develop the DeFi infrastructure. Binance Smart Chain (BSC) has grown rapidly since its launch on 1 September last year. BSC is an Ethereum Virtual Machine-compatible blockchain that is parallel to Binance Chain and enables an innovative staking mechanism for BNB and the creation of smart contracts. Three days after the launch. Now, Binance Smart Chain (BSC) was introduced to boast smart contract functionality but since its launch in September 2020, the DeFi-market has evolved further. As BSC promoted an efficient level of flexibility and interoperability, various DeFi protocols began to flock their development onto the BSC network. The leading example remains. Binance Smart Chain-based DeFi project Uranium Finance exploited, lost $50 million. Uranium Finance, a Binance Smart Chain-based decentralized finance (DeFi) project, says it suffered exploitation early Wednesday and lost $50 million. Several tokens, including bitcoin and ether, were drained from the Uranium protocol, according to The Block. Binance Smart Chain DeFi project BurgerSwap hacked for $7 million. BurgerSwap, a decentralized finance (DeFi) platform based on smart contracts network Binance Smart Chain (BSC), fell victim to a so-called flash loan attack today, allowing the malicious actor to get away with roughly $7.2 million worth of tokens. 2 min read

Introducing Jet Fuel: A Fair-Launch Deflationary YieldQ&A: Will Binance Smart Chain overtake Ethereum in theHow To Create a Binance Smart Chain Wallet - What You CanBinance Smart Chain Q&A with MathWallet - MathWalletBSCstarter unveils 12 community-selection projects forBinance Smart Chain Put to Political Test, as More ETH

The runaway success of Binance Smart Chain has helped propel the exchange's utility token to the top of the crypto market top ten, and has attracted some of the industry's top projects to the chain already. The latest project to expand to Binance Smart Chain is leading DeFi protocol EasyFi. Here's how this latest move by EasyFi Protocol. Then this weekend another Binance Smart Chain defi project called Bogged Finance took a flash loan beating for $3 million as well. The defi project Bogged Finance's post mortem says: BOG token was exploited by an unknown attacker who was able to drain $3m of the $6m liquidity using a complex Flash-Loan based attack. The attack was mitigated within 15 blocks of it starting to prevent a. Binance Smart Chain has become the epicenter of DeFi crime recently with protocol after protocol falling victim to hackers exploiting weak system design and code bugs using flash loans. The BSC community has suggested that these attacks are organized and connected. In a tweet on May 31, it called upon the projects running on the chain to be. The Malta-based crypto-exchange Binance is now at the forefront of the DeFi wave despite being a hardcore centralized entity. One of the main initiatives that have helped bolster this is Binance Smart Chain [BSC]. In the latest milestone, the decentralized public blockchain appeared to be nearing $250K in terms of the total number of distinct. Another Decentralized Finance (DeFi) project on Binance Smart Chain, Bogged Finance, suffered a flash loan attack and was drained of $3 million. Based on the incident post mortem, the project's BOG token was exploited by a cyber attacker and was able to drain half of its $6 million liquidity.

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