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A team member, involved with the experimental Bonkler collection, misappropriated $1 million from the company's commission proceeds. However, the collection's primary assets, including the main contract and NFTs, remained unaffected. Bonkler’s daily minting process is currently suspended but will be reinstated after transitioning to its V2, which will feature lending and treasury functionalities. Per Remilia's co-founder, the breach was orchestrated by a developer in collaboration with two other team members. These individuals not only misappropriated the funds but also tried to blackmail the rest of the team by gaining access to certain social platforms. These employees have since been dismissed, and the company is gearing up to press legal charges against them. Liquity USD (LUSD): A DeFi Stablecoin Review
Liquity USD, or LUSD, is a stablecoin that maintains a 1:1 peg with the US dollar. It's used by the Liquity lending protocol as the primary asset for issuing loans backed by Ethereum (ETH). When LUSD is repaid, the loan is resolved, and the ETH collateral is returned to the owner at its nominal value. Frax Finance: A Self-Sufficient DeFi Ecosystem
Frax Finance stands out as a DeFi platform that hosts its own decentralized stablecoins, an automated market maker, a lending platform, a cross-chain bridge, and native tokens. By the close of 2023, this ensemble will incorporate an L2 blockchain. For the time being, the Frax protocol is running on Ethereum. Unlock Financial Freedom with Creditcoin's CTC Token
Creditcoin, a crypto lending/borrowing solution, utilizes its native CTC token for transaction fees and mining rewards. This review examines the project's origins, infrastructure, ICO funding, and competition with Compound. It also analyzes the tokenomics behind CTC's distribution. Dive in! Celsius: SEC Darling to Debt Abyss!
Celsius Network, launched in 2017, was a crypto lending platform that adhered to SEC regulations. It enabled users to borrow cryptocurrencies and earn revenue from deposits. The native CEL token facilitated transactions and rewarded liquidity. With $903.8 million in funding, it was a promising venture. SEC Holds Off $30M Fine to Aid BlockFi Investors
In a noteworthy development, the U.S. Securities and Exchange Commission (SEC) has chosen to take a backseat regarding the enforcement of a $30 million fine on BlockFi, the crypto lending company which is currently in bankruptcy. According to legal documents from Thursday, the SEC's stance is primarily aimed at ensuring that investors are repaid first. 
Revolutionize Your Savings: A Deep Dive into the World of cDAI!
cDAI provides an instance of a crypto-lending tool in the DeFi landscape. With a market cap of over $560M, it underscores the potential scale of these instruments. An APY of 1.78% further adds a data point to the diversity of returns within decentralized finance. NEXO: The Utility Token for the Nexo Lending Platform
Nexo is a European private instant lending platform that enables users to borrow fiat currencies and stablecoins against their cryptocurrency collateral. By holding NEXO tokens in their portfolio, users can participate in the loyalty program and receive rewards and discounts. 
The Exactly Protocol has suffered a hacking attack. Running on the Optimism blockchain, this lending DeFi platform was targeted by malefactors who stole over 4300 ETH, totaling approximately $7.3 million.
Both BlockSec and Beosin security agencies have corroborated the theft. The hackers reportedly found and exploited a weak point in the platform's smart contracts, although the finer details are still under wraps.
UPD: The team at Exactly Protocol would declare a $700,000 reward for any leads on the hacker, should they not receive a response from the malefactor by the end of August 22nd.
"You can return the funds, minus a 10% fee to you, without worries about us coming after you," the Exactly team conveyed in their message. 
The purpose of this program is to impose restrictions on certain cryptocurrency-related activities and create a more level playing field for banks involved in serving the digital asset industry.
It which aims to ensure consistency in crypto-related regulations for all banks under Federal Reserve supervision.
The activities that fall under the purview include custody, lending, trading, issuance, and distribution of crypto, including stablecoins. 
EraLend, a cryptocurrency lending protocol, was victimized by a re-entrancy attack, leading to substantial losses of $3.4 million.
The project's team confirmed via Twitter that the threat has been contained, and all loan transactions have been halted. As a precautionary measure, it's currently recommended to avoid making USDC deposits. 
Thailand and Singapore Against Crypto Staking and Lending
In a recent development, the Securities and Exchange Commission (SEC) of Thailand has implemented new regulations that require cryptocurrency exchanges and other entities to publicly disclose the potential risks associated with trading cryptocurrencies. 
The NFTFi market is witnessing a significant revival, with the Blur Blend NFT collateralized lending platform playing a crucial role. Following its launch, the total value of loans on the network has surpassed $67 million, reaching a six-month record, according to data from Dune Analytics.
Currently, Blur Blend dominates the NFTFi market, accounting for a staggering 75% of the total volume of all loans in the sector. This resurgence has prompted renewed interest in the potential of NFT-backed lending and its applications within the broader blockchain and crypto ecosystem.
To learn more about the NFTFi space and how it could become a new trend in 2023, read the full article on the website. 