DeFi

Morpho Blue launches permissionless lending vault protocol on Ethereum in January 2024, enabling arbitrary collateral-loan combinations with protocol-minimalist architecture.

SOL rallied from $8 post-FTX lows to $100 by December 2023 as daily transactions topped 40 million and DeFi TVL grew tenfold.

A Vyper compiler bug allows attackers to drain $70M from Curve pools, sending CRV plummeting 30% and triggering margin calls on Curve founder Michael Egorov's positions.

A reentrancy vulnerability in the Vyper compiler drained approximately $70 million from multiple Curve Finance pools on July 30, 2023.

Cross-chain bridge Multichain halted operations on July 7, 2023, after $126 million in abnormal asset movements left user funds inaccessible across the network.

EigenLayer's restaking protocol goes live on Ethereum mainnet, drawing $16 million in liquid staking tokens on day one as validators race to double-dip on yields.

MakerDAO deployed Spark Protocol to provide lending services and vault strategies, positioning the protocol to compete with Aave and recapture growth in the lending sector.

Attacker drains Euler Finance for $197 million using oracle-based flash loan exploit, then negotiates return of most funds as cryptocurrency enforcement tightens.

Lido Finance surpassed MakerDAO as the largest DeFi protocol by total value locked, reflecting explosive growth in staking demand following Ethereum's proof-of-stake transition.

FTX's bankruptcy filing November 8 triggered panic withdrawals from DeFi protocols, draining approximately $4 billion in TVL within 72 hours and revealing liquidity shortfalls under extreme redemption pressure.

Avi Eisenberg exploited Mango Markets for $114 million by manipulating token prices and liquidating positions, later negotiating partial fund return.

Hackers compromise Curve's nameserver and redirect users to a cloned site, stealing $575K in approvals before the team regains control and directs users to curve.finance.

Aave's governance voted 99% in favor of GHO, a collateral-backed stablecoin designed to generate revenue for the protocol and reduce reliance on external stablecoin issuers.

Three Arrows Capital defaulted on loans across major DeFi platforms after losing billions in Terra vault exposure, triggering cascading defaults across the crypto lending ecosystem.

Celsius Network froze all user withdrawals, trapping billions in customer deposits in vaults and lending positions after Three Arrows Capital defaulted on loans.

Terra's UST stablecoin lost its dollar peg when Luna's price collapsed, wiping out $40 billion in user deposits and triggering widespread liquidations across DeFi.

Beanstalk Farms lost $182 million when attackers used flash loans to acquire governance voting power and drain protocol vaults through a malicious proposal.

Ronin Bridge suffered a $625 million theft when attackers compromised validator nodes, draining cryptocurrency vaults supporting the Axie Infinity gaming ecosystem.

Wormhole bridge lost $320 million when attackers exploited a signature verification vulnerability, draining wrapped token vaults supporting Solana's cross-chain assets.

Badger DAO lost $120 million when attackers compromised its web interface, injecting malicious code that redirected user approvals to attacker-controlled addresses during fund transfers.