Vee Finance Loses $35 Million in an Exploit on Avalanche

Vee Finance, a decentralized finance platform, has officially confirmed its hack on Avalanche. On September 20, the hacker managed to transfer funds worth $35 million. In terms of assets, it was 8804.7 ETH (around $26 million) and 213.93 BTC (around $9 million). According to the report, the hack didn't affect the stablecoin. As for the hacker, the report confirms that they have not yet transferred or processed the funds. The team is working to provide more details of the incident.…

Avalanche Blockchain’s Zabu Finance Loses $3.2 Million after Facing a Pool Hack 

On September 12, industrial outlet DeFiPrime revealed Zabu Finance faced a hack. The hacker successfully stole 4.5 billion tokens from a Zabu Farm Contract amounting to $3.2 million. The transfer of such a large number of tokens eventually caused the price of Zabu tokens down to $0. Zabu Token has also gone ahead to confirm the hack on Twitter. Moreover, the platform asked for help from other known decentralized exchanges hosted on Avalanche, such as Pangolin and Trader Joe. How…

10 Cryptocurrency Projects to Watch in 2021

This year has been an exciting one for crypto investors so far. The introduction of new sectors and technologies has reshaped the landscape of the industry. These changes have ushered in exciting opportunities for developers and investors alike. While it may seem impossible to keep track of these developments, some have resin above the competition to become major points of interest. Here are 10 projects to watch in 2021. Avalanche (AVAX) Avalanche can be considered a "platform of platforms." The…