Andre Cronje says much of decentralized finance is “no longer DeFi” in the strict sense, as builders debate whether circuit breakers and other emergency controls are now necessary to protect users from exploits. The Flying […]
Recovered tokens will be sent to a DeFi United multisig wallet, redeemed for ETH, and used to cover the shortfall across affected markets. Aave has announced a recovery plan following an April 18 exploit […]
Aave, the largest decentralized lending protocol, has seen around $15 billion in deposits withdrawn since the Kelp Dao exploit on Saturday. Total value supplied to Aave fell from $45.8 billion on Saturday to $30.8 billion […]
Arbitrum’s Security Council froze exploiter-held ETH after coordinating with law enforcement. Arbitrum said its Security Council initiated an emergency intervention to secure funds linked to the recent KelpDAO exploit after identifying 30,766 ETH held […]
Blockstream CEO Adam Back, the British cryptographer and inventor of Hashcash, said it’s “flattering” that people think he’s Satoshi Nakamoto and was probably the result of his being a little too “talkative” on the cypherpunk […]
Egorov said that different DeFi platforms keep pointing to each other during exploits, even as they claim everything is working, while users remain unable to access their funds. Michael Egorov, founder of Curve Finance, […]
Flying Tulip, a decentralized finance (DeFi) platform founded by DeFi developer Andre Cronje, has added a circuit breaker that can delay or queue withdrawals during abnormal outflows, as April DeFi losses climbed amid a string […]
An attempt to bridge 19.6 WBTC away was intercepted and blocked by the protocol, thereby removing the assets from the attacker’s control. Volo Protocol, a liquid staking platform built on the Sui network, reported […]
Private key compromises are emerging as one of crypto’s costliest attack vectors, with hackers stealing more than $17 billion across 518 recorded incidents over the past decade, according to data platform DefiLlama. In data shared […]
Ethereum’s Total Value Locked dropped nearly 11% in 24 hours while Bitcoin, Tron and BSC were not as badly affected. The fallout from the $293 million KelpDAO exploit over the weekend has spread across […]
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