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Amid the ongoing crypto market volatility and midterm uncertainty, a Web3 user has fallen victim to a phishing attack, resulting in more than $55 million loss. According to an on-chain data analysis conducted by Certik Alert, the attacker, alias Fake_Phishing187019, minted 55,473,618 Dai tokens and immediately began laundering them through different channels.
MakerDAO is evaluating whether to halt the minting of its DAI stablecoin using Wrapped Bitcoin (WBTC) as collateral.
Exponential, an investment platform for crypto holders, has downgraded MakerDAO's DAI pool risk rating from Low to Average, according to the latest information shared with Finbold on August 9.
The hacker appears to be trying to cover their tracks while also preparing to launder the stolen funds.
A victim of a $24 million phishing attack has received a portion of his stolen funds back after the attacker willingly sent it back to him. According to web3 anti-scam solution Scam Sniffer, the attacker sent back $9.
In a strange turn of events, a phishing scammer has returned a large portion of funds it stole from a victim last September.
Uphold will stop supporting USDT, DAI, FRAX, and other stablecoins ahead of MiCA's implementation in the EEA. The post Uphold to end support for USDT, DAI, FRAX and other stablecoins ahead of MiCA appeared first on Crypto Briefing.
DAI seems unable to get its dollar peg back as it stays comfortably at $0.999.
The MakerDAO creator discusses the motivation behind the ambitious Endgame proposal in a wide-ranging interview.
Despite having no profiting outlook, stablecoins are part of every single investor, and there is more than one reason behind that. These are easily understandable by their name, Stablecoins, as in a comparatively stable cryptocurrency.
The original DAI will eventually phase out as users continue using PureDai or NewStable.
DAI's supply has been growing at a rapid pace since early March, rising more than 20%.
Aave has reduced its loan-to-value requirements for DAI after MakerDAO's stablecoin gained indirect exposure to Ethena's USDe.
Ethereum recorded unexpected growth in its stablecoins volume in April, led by the increasing use of DAI.
Flash loans using DAI appear to have pushed Ethereum stablecoin volumes to their highest monthly levels seen yet.
The volume of transactions of stablecoins, Tether (USDT), USD Coin (USDC) and DAI, has surpassed that of Visa in 2023.
Transaction volume in the past 30 days for Tether, USDC, and DAI, has surpassed Visa's 2023 monthly average, according to Nansen.
As fiat assets flow into the blockchain world, investors seek the best stablecoins, recognizing their role in future finance.
DAI's $240B record weekly transaction volume eclipsed the rest of the stablecoins combined.
In a recent announcement on the social media platform X (formerly Twitter), MakerDAO, the Ethereum-based protocol responsible for issuing the DAI algorithmic stablecoin, provided insights into the performance of the Maker Protocol following recent changes. Over the past few weeks, MakerDAO has implemented significant updates to the protocol and the DAI stablecoin.
In a recent governance vote, MakerDAO, the decentralized autonomous organization behind the Dai stablecoin, has approved an expansion of its direct deposit module's deb.
MakerDAO approves plan to back up to $1 billion DAI with USDe and sUSDe.
This allocation aims to broaden MakerDAO's collateral exposure by incorporating Ethena's USDe into its ecosystem via Morpho.
AaveDAO, a decentralized autonomous organisation supervising the Aave crypto lending platform, is currently weighing a risky proposal of Chaos Labs for Dai (DAI) collateral limits at this time.
