Following a significant downturn in March, liquid staking derivatives (LSD) protocols experienced another withdrawal of 380,000 ether, valued at roughly $ 1.17 billion, from leading LSD platforms since April 1, 2024. Ethereum Exodus: $ 1.17 Billion Pulled From LSD Platforms In the initial two weeks of April, a notable reduction of 380,000 ether …
Filecoin Staking Protocol Core Team Detained by Chinese Police; $22 Million in FIL Tokens Sent to Unknown Address
STFIL, the Filecoin liquid staking protocol, believes its core technical team is being investigated by the Chinese police. The STFIL team said it also recently detected abnormal and unscheduled upgrades to the protocol. During the core technical team’s detention, FIL tokens worth over $ 22 million were transferred to an unknown external address. Lawyers …
Bug in Discontinued Lido Staking Service Blocks User Access to Tokens Valued at $24.4 Million
A bug in the smart contract of Lido’s discontinued Solana staking service is reportedly preventing users from withdrawing digital assets valued at more than $ 24 million. Lido attributes this issue to “a problem with the maintainer bot and the recent update of rent-exempt terms for Solana staking accounts.” Discontinued Solana Staking Service A …
In 22 Days, Liquid Staking Platforms Witness a 340,000 ETH Decline
According to the most recent data, within the last 22 days, the volume of staked ether locked across various liquid staking derivative token platforms has seen a decline of 2.45%. This downward trend was observed across 27 unique platforms, culminating in a reduction of 340,000 ETH, valued at approximately $ 1.18 billion. $ …
Prisma Finance Suffers $11.6M Hack in Liquid Staking Shockwave, Moves to Mitigate Fallout
The decentralized finance (defi) entity, Prisma Finance, has fallen prey to a security breach, with onchain detectives revealing that $ 11.6 million has been pilfered from its liquid staking protocol. Prisma Finance in Turmoil: $ 11.6M Lost to Hackers, Emergency Measures Activated On a recent Thursday, blockchain surveillance and safety squads from Peckshield …