In 2024, losses from crypto scams and hacks surged by 21%, totaling $2.2 billion across 303 incidents, with centralized services and private key compromises being primary targets. Notable exploits included the $305 million DMM hack and a $235 million breach of WazirX. As AI-driven attacks rise, experts stress the need for enhanced security measures and regulatory oversight to combat evolving threats.
SMARDEX has launched USDN, a synthetic dollar token backed by a decentralized ETH perpetual contract, raising $4.5 million in a public seed round shortly after its debut. This innovative product employs a Delta Neutral strategy to ensure stability and prevent systemic risks, distinguishing it from previous algorithmic stablecoins. With $12 million invested by RA2 TECH, USDN allows holders to earn yield directly from their wallets, marking a significant advancement in decentralized finance.
SmarDex has launched USDN, a decentralized synthetic dollar backed by a Delta Neutral strategy utilizing ETH, aiming to provide stability and security in decentralized finance. The project raised $4.5 million in total value locked shortly after its launch, demonstrating strong market interest. With innovative features like automatic yield generation, USDN seeks to overcome the vulnerabilities of previous algorithmic stablecoins.
Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.
