— 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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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.
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.
DeFi plays the blame game
Protos breaks down the arguments over who’s to blame for the $14B meltdown sparked by Saturday’s $290M hack
DeFi sector in $14B meltdown as $290M rsETH hack fallout burns Aave
DeFi is in crisis mode with multiple lending markets at full utilization after $290M of Kelp DAO’s rsETH was hacked from Layer Zero.
Steakhouse Financial front-end breach exposes users to phishing scam
The attackers have taken Steakhouse Financial's domain and turned its website and app into a wallet-draining phishing scam.