Daily Archives: 09/11/2020

DeFi developer PercentFinance error leads to $ 1 million freeze of crypto assets

Due to a mistake by the developer of the DeFi PercentFinance application, a fork of Compound Finance, 446,000 USDC, 28 WBTC and 313 ETH were frozen, the total value of which exceeds $ 1 million The DeFi platform team PercentFinance wrote in a blog post that “there is a problem in some money markets that could lead to permanent blocking of users’ assets.” The team froze money markets for USDC, ETH and WBTC. A total…

OKEx announced the involvement of lawyers to solve the problem with the withdrawal of cryptoassets

Cryptocurrency exchange OKEx announced the involvement of third-party legal consultants to solve the problem with the withdrawal of digital assets. Recall that on October 16, the exchange suspended the withdrawal of cryptoassets due to the “unavailability” of one of the holders of private keys. OKEx CEO Jay Hao explained that the lack of a key holder is due to an investigation by Chinese law enforcement authorities against this person, but it has nothing to do…