— Abracadabra, DeFi
Abracadabra blames hacks for shutdown amid ‘looting’ claims
Abracadabra proposed “an orderly wind down,” blaming security incidents that leave its stablecoin MIM with “no viable path back to parity."
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Compound Foundation accused of ‘misappropriating’ DAO funds
The Compound Foundation has been accused of misusing funds to boost its voting power on two key proposals.
THORChain refuses to block Bitget funds, despite pausing after own hack
Once again, THORChain is refusing to block suspected North Korean hackers from laundering hundreds of millions of dollars of stolen crypto.
— Crypto.com, DeFi
Crypto.com-promoted Tectonic forces Cronos to halt, rewind
Crypto.com promoted Tectonic until it almost drained tens of millions of dollars from its Cronos blockchain.
Supra patched oracle on 11 other chains before $9M Hedera exploit
Supra’s faulty oracle accepted the hacker’s price update for collateral, which was used to drain Bonzo Lend of $9M.
DeFi drama: ENS governance battle, EF cuts and Gnosis reboot
Last week, the Ethereum Name Service DAO faced an attempt to “steal its treasury,” and the Ethereum Foundation announced a 20% staff cut.
Tornado Cash DAO faces ‘malicious’ governance attack, researchers warn
The DAO behind notorious privacy protocol Tornado Cash has received a proposal that would replace key addresses with spoofed lookalikes.
Rough weekend for DeFi: Four hacks, three outages, one warning
A chaotic weekend has seen four DeFi hacks, repeated downtime on Sui, and ended with a crypto card panic to kick off the week.
Stake DAO hit by hack as DeFi security confidence hits new low
DeFi yield farming platform Stake DAO has suffered an apparent private key compromise, with minted vsdCRV tokens swapped for ETH.
DeFi projects lose $6M in fresh string of exploits this week
Tuesday saw four separate hacks, with over $5M stolen. Two more incidents took place the day before, but with minimal losses.