DeFi app Polter became the victim of a “classic” flash loan exploit, and a man was sentenced to 24 years for crashing a bank with a crypto scam.
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Polter Finance has suffered a $12 million flash loan hack, with the platform investigating stolen funds linked to Binance wallets and offering impunity to the attacker.
While the hacked funds were fully recovered, the Thala token is still down roughly 35% since the incident occurred.
Five of the top 10 crypto protocols by fee earnings in the last 24 hours were on Solana.
Trump’s administration could push DeFi from niche to mainstream, with crypto advocates eyeing potential pro-crypto policy shifts.
Now the protocol is working on a value accrual mechanism for ENA stakers.
According to stablecoin firm Tether, approximately $127 billion in Tether-USD tokens (USDt) are currently in circulation.