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EasyFi Hacked for Over $80 Million in MetaMask Attack

Key Takeaways
EasyFi CEO said that private keys to the project s admin MetaMask account had been compromised.
Using the compromised private key, the hacker drained $6 million from EasyFi s stable coin liquidity pools.
Hacker additionally stole 2.98 Million EASY tokens worth $75m at the time of the hack.
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EasyFi Network, a Layer-2 DeFi project on Polygon Network, reported that an unknown hacker stole tens of millions of dollars worth of funds from its official wallet.
Admin MetaMask Wallet Compromised
Founder and CEO Ankitt Gaur admitted in a blog that the hacker compromised private keys to EasyFi’s admin MetaMask account around 10:40 AM UTC on Apr. 19. ....

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Cryptocurrency Owners Can Now Take Loans against Their Assets

Cryptocurrency Owners Can Now Take Loans against Their Assets
Last Updated: 18 April 2021
It is now possible for people who own Bitcoin and other cryptocurrencies to secure loans against their crypto assets. This will be available on platforms such as EasyFi Network, Cashaa, and Valud.
Crypto adoption and the popularity of crypto assets are becoming more evident. In India, three firms allowed their clients to secure loans against the digital assets they hold in the form of cryptocurrencies. This will be done without involving traditional banks but using ‘crypto banks’ set up in India.
The crypto banks offering these loan services will be awarding loans equivalent to 50% to 60% of the value of the crypto assets that an investor holds. Bitcoin is the largest and most popular cryptocurrency, and aside from it, these banks will be offering loans against Ripple, Ethereum and others. ....

Darshan Bathija , Easyfi Network , Economic Times , தரிசனம் பாதிஜா , பொருளாதார முறை ,

Bitcoin owners, now secure loans against your crypto investments

Highlights
Crypto banks are offering loans up to 50-60% of borrowers’ crypto asset value.
You can easily secure crypto loans at an interest rate of 12-15% per annum.
If you own a bitcoin or any other cryptocurrency then we have good news for you. Bitcoin investors can now secure hassle free loans without any involvement of traditional banks with the help of ‘crypto banks’ that have been recently launched in India.
Crypto banks are offering loans up to 50-60% of borrowers’ crypto asset value. Besides bitcoin, these banks are also providing loans on investments in ethereum or ripple or a few other crypto investments. ....

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Leading DeFi Protocol EasyFi Expands to Binance Smart Chain

Leading DeFi Protocol EasyFi Expands to Binance Smart Chain
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Easyfi Network introduces Staked Derivative Assets Money Markets on Layer 2 DeFi

Easyfi Network introduces Staked Derivative Assets Money Markets on Layer 2 DeFi
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