DEX | ForkLog - Part 8

ForkLog 208 30.05.2025

Whale’s Losses on Hyperliquid Near $100 Million

James Wynn, a trader known for his aggressive bets on the Hyperliquid platform, faced liquidation after Bitcoin fell below $105,000. His total losses from the peak of his profits amounted to 949 BTC ($99.3 million). James Wynn (@JamesWynnReal) just got liquidated for 949 $BTC($99.3M) as the price of $BTC dipped below $105,000. He lost $99M+ […]

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ForkLog 47 28.05.2025

Sui Validators Approve Plan to Restore $162 Million to Cetus Users

The decentralized exchange Cetus within the Sui ecosystem will return the stolen $162 million if the community approves the transfer of frozen funds. Cetus has requested a community driven vote to recover the funds frozen following last week’s hack. In response, the Sui Foundation has released code for an onchain community vote. Sui validators can […]

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ForkLog 54 26.05.2025

Beat the house? Hyperliquid whale ‘left’ with a $25m profit—then returned

James Wynn, a trader famed for aggressive bets, said he was leaving the “Hyperliquid casino” with $25m in profits. At its peak, the tally reached $87m from initial stakes of roughly $3–4m. To all the fans and haters: We had a good run gambling on perps At peak the account was up $87,000,000 profits from […]

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ForkLog 96 26.05.2025

Analysts Uncover Cause of Cetus Hack

The breach of the decentralized exchange Cetus was attributed to a vulnerability in the liquidity parameter verification of the automated market maker. This was detailed in a report by Dedaub. The issue went undetected due to a lack of “code overflow” checks. Hackers exploited an error in the verification of the most significant bits to […]

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ForkLog 30 23.05.2025

Cetus Offers Hacker $6 Million for Return of 20,920 ETH

The team behind the decentralized exchange Cetus has proposed a $6 million reward to a hacker for the return of 20,920 ETH (approximately $55.3 million at the current rate), stolen in a breach. ? Dear Sui community, thank you for your patience while our team works on the incident investigation and resolution. Since taking the […]

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ForkLog 41 23.05.2025

Jupiter Team Launches Jupiter Lend Lending Protocol

The developers of the Solana-based DEX aggregator, Jupiter, have unveiled a lending platform named Jupiter Lend, according to The Block. This initiative is part of a partnership with colleagues from Fluid within the Ethereum ecosystem. The team has begun forming a waiting list. The “lending protocol” Jupiter Lend will enable “one-click” deposits, while the “vault […]

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ForkLog 41 22.05.2025

Uniswap Dismisses Bancor’s Lawsuit as ‘Baseless’

The team at Uniswap Labs has responded to a patent lawsuit from the decentralized exchange (DEX) Bancor, describing it as “baseless.” This was reported by The Block. The legal proceedings commenced following Bancor’s claim of copyright infringement concerning the automated market maker technology, which Uniswap allegedly used without permission since 2017. A representative from Uniswap […]

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ForkLog 47 22.05.2025

Whale takes $1.1bn, 40x‑leveraged bitcoin long on Hyperliquid

Trader James Wynn opened a long position in perpetual contracts for 10,200 BTC ($1.14bn) using 40x leverage on Hyperliquid. Bitcoin just broke through $111,900! Top trader @JamesWynnReal‘s 40x leveraged long position of 10,200 $BTC($1.14B) is now sitting on an unrealized profit of over $39M!https://t.co/Xy0EC0h5Cw pic.twitter.com/5UlbeiA984 — Lookonchain (@lookonchain) May 22, 2025 At press time, he […]

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ForkLog 178 22.05.2025

Hackers drain $11m from Cetus pool on Sui

Attackers targeted pools on the Cetus DEX on Sui. They siphoned $11 million from the SUI/USDC liquidity pool, triggering price drops of about 75% for most tokens and leaving reserves nearly depleted. ? BREAKING: Cetus, main LP provider DEX on $SUI, allegedly hacked. $11M in $SUI drained from SUI/USDC pool, with most tokens down 75%+ […]

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ForkLog 56 21.05.2025

Bancor Team Sues Uniswap Over AMM Patent Use

The developers of the decentralized exchange (DEX) Bancor have filed a lawsuit against competitor Uniswap, seeking damages for the alleged infringement of its patent. According to the lawsuit, the defendant used the automated market maker (AMM) without permission and profited significantly from it. Bancor patented the technology developed in 2016 in January 2017. Uniswap employed […]

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ForkLog 170 16.05.2025

Tradoor Secures $3.2 Million to Develop ‘Fastest DEX on TON’

The decentralized exchange Tradoor on The Open Network (TON) blockchain has raised $3.2 million in funding, according to a press release. The investment round was led by TON Ventures and Kenetic Capital, with participation from Sigil Fund, Protagonist, VentureSouq, T Fund, TONX, Re7 Capital, and BitsLab. The funds will be used to implement the project’s […]

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ForkLog 61 12.05.2025

DeFi Lending Protocols Surpass DEX in Volume

The volume of funds in lending DeFi protocols has reached record levels in the current market cycle, while decentralised exchanges (DEX) have continued to lose ground. Aave leads among protocols. Data: DeFi Llama. The total TVL of such projects amounts to $53.3 billion—43% of the overall $124.6 billion in the industry. Aave leads with $24 […]

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