Dego Finance, a project in the decentralized finance (DeFi) space, has faced some serious setbacks as it was exploited by hackers who reportedly drained over
$10M. This incident unavoidably had a severe impact on the
DEGO coin price, as highlighted by the live price chart and market capitalization reports. In a pursuit to recover, DEGO Finance received support from the renowned cryptocurrency exchange,
Binance, which played a crucial role in contract swapping. Surprisingly, this hacking incident was not an isolated one. Another $10M was lost previously in a similar DeFi hack of Binance listed DEGO Finance. As a result of these issues,
DEGO was subject to listing and delisting announcements on a certain crypto exchange on January 2, 2024. Despite the setbacks, DEGO Finance remains one of the preferred choices in the Non-Fungible Tokens (NFTs) market. Currently, it ranks utilitarian among the best NFTs and Collectibles Tokens by Market Capitalization in 2023. As part of the broader
Polkadot ecosystem, DEGO contributes to the sea of coins, tokens, cryptos, and assets advancing this eco-space. Furthermore, DEGO was part of AIRDROP2049 that lasted for 10 days and witnessed participation from over 400,000 users in a joint airdrop by 50 leading Web3 entities.
DEGO Coin News Analytics from Wed, 16 Sep 2020 23:28:41 GMT to Tue, 30 Apr 2024 09:45:07 GMT -
Rating -7
- Innovation -3
- Information 2
- Rumor -6
