Dossier
DeFi protocol
Coverage of DeFi protocol in the Nexus archive.
- DeFi protocol Carrot becomes first casualty of $285M Drift exploit
DeFi protocol Carrot has seen its total value locked (TVL) plummet 93% in a month, from $28 million to $1.99 million, rendering the protocol financially unsustainable following the $285M Drift exploit.
- Another DeFi protocol hacked as Sui-based Volo hit by $3.5M exploit
Volo Protocol, a Sui-based DeFi protocol, confirmed a $3.5 million exploit affecting select vaults. The protocol has frozen assets and initiated fund recovery efforts as investigations continue.
- Another DeFi protocol loses millions in hack days after KelpDAO breach
Another DeFi protocol has suffered a significant financial loss due to a hack, occurring just days after KelpDAO experienced a similar breach. The incidents highlight ongoing security challenges within the decentralized finance sector.