On March 15th, 2023, Euler Finance, a decentralised finance (DeFi) protocol built on the Ethereum network, suffered a flash loan attack resulting in the loss of $199 million worth of digital assets. However, on March 21st, 2023, new developments emerged as North Korea's Lazarus Group, the same group responsible for the $540 million Ronin Bridge attack last year, attempted to steal from the Euler Finance hacker responsible for the recent attack.
The Arbitrum token has surfaced on the over-the-counter (OTC) market ahead of its scheduled airdrop. Opportunistic traders are already taking advantage of the token's premature arrival by conducting transactions on OTC platforms.
The Ethereum Foundation has announced that the Merge will begin on September 6th. First, the Bellatrix upgrade will be activated on September 6th, which will kick-start the rest of the Merge process, which is expected to be completed by September 20th.
A major liquidation could be on the horizon for the NFT market. Thousands of holders of NFTs are taking out ETH loans using BendDAO's web3 lending protocol. A BAYC whale (Bored Ape Yacht Club) borrowed over 10,000 ETH from the platform, escalating liquidation fears.
Amid the Three Arrows Capital's (3AC's) crisis, Finblox announced Thursday it would impose a $1,500 monthly withdrawal limit and pause reward distribution. It comes after a report on Wednesday that 3AC could be insolvent following liquidations worth $400 million.