What Happened on Nov. 2nd|Deribit Hot Wallet Hacked for $28M

TI Research

On November 2nd, $28m was stolen from Deribit's hot wallet, and the loss will be covered by company reserves. Solana-based lending protocol Solend detected an oracle attack on USDH, resulting in about $1.2m in bad debt. Lido on Solana will upgrade to V2 in the middle of November. Pyth data feeds are available on Ethereum and Optimism via Wormhole. Tharsis Labs, the core developer of Evmos, closed a $27m seed round led by Polychain Capital.

DeFi

  • Solana-based lending protocol Solend detected an oracle attack on USDH, resulting in about $1.26M in bad debt. Source
  • Cross-chain DeFi aggregator Rubic's single wallet private key has been compromised. Source
  • Lido on Solana will upgrade to V2 in the middle of November. Source
  • Treasury management protocol Aera will launch on Polygon. Source
  • New Order DAO will airdrop $Y2K to $veNEWO lockers. Source
  • DeFi Aggregator Furucombo is now live on Arbitrum. Source
  • Compound community started to vote on the proposal regarding reducing collateral factor cSUSHI from 73% to 70%. Source

CeFi

  • $28 million was stolen from Deribit's hot wallet, and the loss will be covered by Company reserves. Source
  • CZ: Binance team will monitor and help freeze any stolen funds that come in. Source
  • MicroStrategy posts third-quarter loss after revenue decline. Source
  • Payment platform Worldpay will enable $USDC settlement on Polygon. Source

Infrastructure

  • Chainlink introduces low-latency Oracle solution for the DeFi derivatives market. Source
  • Pyth data feeds are available on Ethereum and Optimism via Wormhole. Source
  • zkSync releases new SDKs in Java, Python, and Go. Source

Metaverse & NFTs

  • Goblin Sax is launching an instant NFT-backed loan service. Source
  • PeckShieldAlert: NFT project Art Gobblers impersonators ramp up the fake public mint raffle. Source

Policy & Regulation

  • Circle receives In-Principle Approval from the Monetary Authority of Singapore. Source
  • The Monetary Authority of Singapore's first industry pilot for digital asset and DeFi goes live. Source
  • Judge denies Celsius’ motion to pay employees $3 million in retention bonuses. Source

Fundings

  • Tharsis Labs, the core developer of Evmos, closed a $27 million seed round led by Polychain Capital. Source
  • WEMIX's operator Wemade closes about $46.57 million in convertible debt financing with participation from Microsoft and others. Source
  • DeFi Protocol Centrifuge closed a $4 million strategic round with participation from Coinbase Ventures and others. Source
  • Crypto investor CoinFund seeks to raise $250 million for its seed fund. Source

DeFi

Ethereum

NFT

Exchanges

Fund Raising

Binance

Stablecoins

Security Incidents

Deribit

Solana

Lido

Staking

Cosmos

Layer 2

Oracle

Policy and Regulation

Polychain Capital

Coinbase Ventures

TI Research

TokenInsight is a data and research organization for the digital asset market. TI provides comprehensive asset-related data and comprehensive and timely information and research services for digital assets.