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

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