marginfi

In the wake of its CEO’s resignation, Marginfi, a decentralized lending protocol on Solana (CRYPTO: SOL), has seen a substantial withdrawal of funds, totaling over $214 million. What Happened: Edgar Pavlovsky, the founder and CEO of Marginfi, decided to step down due to internal disagreements...

Solana-backed decentralized exchange Cypher lost nearly $1 million worth of crypto following a security breach, CoinDesk reports. Following this, the protocol’s contracts have been frozen while contributors try to negotiate with the hackers for a fund return. Cypher’s rapid growth on...