Recently, high profile DeFi protocol Qubit Finance was exploited for a staggering $80 million worth of cryptocurrency. This has caused alarm bells to ring across the DeFi world, as questions are being raised about the trustworthiness of other DeFi protocols. In this article, we will look at what this incident means for the future of DeFi, by taking an in-depth look at Qubit Finance and the incident that took place. What is DeFi? Decentralized finance (DeFi) has become a buzzword in the financial technology as one of the most innovative and disruptive forces of recent times. DeFi is the use of blockchain and distributed ledger technology to create financial instruments that are peer-to-peer, decentralized, trustless and permissionless. Popular DeFi applications include lending, payments, decentralized exchanges (DEXes), tokenization, algorithmic stablecoins and yield farming. Essentially, DeFi is an attempt to create a global financial system that operates without intermediaries like banks or…

Recently, DeFi platform Qubit Finance reported that $80 million in funds had been stolen from their protocols due to a security breach. In response to this incident, Qubit Finance has launched an extensive campaign to investigate the case and recover the stolen funds. This article will discuss the details of Qubit Finance’s efforts to return the funds. Overview of the incident Qubit Finance, an automated cryptocurrency market maker, was the victim of a sophisticated cyber attack on June 3rd, 2020. Hackers successfully breached the security of their hot wallets and managed to steal an estimated 6.04 BTC. The company quickly took action by temporarily suspending operations and cooperating with security experts to investigate the incident. In its recent blog post, Qubit Finance revealed details about its ongoing effort to recover stolen funds. It also announced plans to reimburse users affected by the attack through its Risk Cushion Program™. The Risk…

In recent years, the digital marketing landscape has changed dramatically. One of the biggest players in this changing landscape is Metadata.io, a platform that makes managing marketing campaigns across multiple channels easy. In this article, we will explore how Metadata.io is changing the marketing landscape and how it can help brands reach their target audiences better. What is Metadata.io Metadata.io is an all-in-one platform that helps marketers maximize their campaigns with the power of artificial intelligence. It uses machine learning algorithms to analyze real-time customer data and deliver insights that help tailor campaigns for optimal results. The platform’s predictive models are designed to stay ahead of changes in search engine algorithms and market trends and recommend the best possible optimization strategies for each customer’s needs. This helps companies optimize their campaigns, reduce costs, and maximize returns on investment. Using Metadata.io, marketers can save time by automating repetitive processes such as…