Express

Uniswap Volumes Bump to $2 Billion After Attack on DeFi Project Harvest Finance

Amy Liu

Summary: Harvest Finance, a decentralized finance (DeFi) project led by an anonymous team, was attacked using a flash loan exploit earlier today leading to millions of dollars worth of FARM tokens stolen by hackers and its prices falling over 60% at press time. The Block director of research Larry Cermak noted on Twitter that the exploits ...

Harvest Finance, a decentralized finance (DeFi) project led by an anonymous team, was attacked using a flash loan exploit earlier today leading to millions of dollars worth of FARM tokens stolen by hackers and its prices falling over 60% at press time.

The Block director of research Larry Cermak noted on Twitter that the exploits led to a temporary resurgence of trading volume on decentralized exchange protocol Uniswap. Uniswap's volume just had a massive outlier and spiked from $148M yesterday to $2 billion today.

By Amy Liu

Last Update:

Tags: ,,,
Link: Uniswap Volumes Bump to $2 Billion After Attack on DeFi Project Harvest Finance   [Copy]
Next:

Related Articles

  • From Data Rights to Digital Property: Whistleblower Brittany Kaiser on Blockchain, RWA,... 3 days ago
  • The Base Chain's Ascent: How Deep Coinbase Integration and JPMorgan's Pilot Are Reshapi... 9 days ago
  • Tether in Trouble? U.S. Senate Just Passed a Law That Could Dethrone the $155B Stableco... 12 days ago
  • Justin Sun's Nasdaq Gamble: How Six Years Forged Ties with the Trump Family 13 days ago
  • The Crypto IPO Wave: From Fringe to Front Page 16 days ago

    • You need to login to comment.