1inch
1inch Liquidity Provider Trusted Volumes Exploited for $5.87 Million
Another major DeFi attack has shaken the crypto market. A liquidity provider tied to 1inch's Trusted Volumes system has reportedly been exploited for nearly $5.87 million, with attackers draining millions in WETH, USDT, WBTC, and USDC. More concerningly, blockchain security firms warn that the exploit may still be ongoing, meaning additional losses could still occur.
1inch's Sergej Kunz Urges Institutions to Build on DeFi Instead of Recreating It
Sergej Kunz says institutions are wasting resources by rebuilding DeFi systems that already work instead of partnering with mature onchain infrastructure. He points to 1inch's scale, including routing across more than 400 decentralized exchanges on 13 networks and over $800 billion in cumulative swap volume.
1inch Wallet Upgrades Its Web3 Browser to Deliver a Safer, Smoother DeFi Experience
1inch launched an update for the Web3 browser integrated in its mobile wallet, with improvements focused on usability, security and decentralized application discovery. The redesign introduces support for multiple simultaneous tabs, a key feature for DeFi users who typically operate across several platforms at the same time.
