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AscendEx shutdown: Uncertainty over withdrawals as hot wallets lack funds

Following almost two weeks of uncertainty over disruption to asset withdrawals, AscendEx has announced it has ceased operations.

Single address votes 99.9% to drain BONK treasury of $21M

A vote was put to BONK holders last week, with one voter making up 99.9% of the turnout and sending 4.4T tokens to an unknown address.

Losses totalling $8M kick off the week’s DeFi security news, while a bug on Aptos put “most assets across all chains” at risk.

The DAO behind notorious privacy protocol Tornado Cash has received a proposal that would replace key addresses with spoofed lookalikes.

Despite claiming to be a transparent alternative to traditional finance, a recent series of DeFi contagion events have stemmed from opacity.