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.
Jake Harrison
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— Blockchain, Fees
These crypto chains raised $500M but generate just $360 in daily fees
Breaking down where it all went wrong for $500M of VC investments which produce just $360 in daily fees between them.
Cap ‘stabledrop’ U-turn sees cUSD drop $23M, founder denies self dealing claims
Cap’s founder took to X to apologize for a u-turn on the long anticipated "stabledrop" and distance himself from a notorious wallet address.
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.
DeFi platform Summer Finance loses $6M in vault exploit
Losses totalling $8M kick off the week’s DeFi security news, while a bug on Aptos put “most assets across all chains” at risk.
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.
Main Street’s msUSD collapses as Altura winds down vault
Despite claiming to be a transparent alternative to traditional finance, a recent series of DeFi contagion events have stemmed from opacity.
MEV bot JaredFromSubway.eth loses $7.5M to approvals honeypot
After years of terrorizing DeFi users, ruthless sandwicher JaredFromSubway.eth has been caught in a rival’s on-chain trap.
Aztec Network hit by second hack this week as escapeHatch drained of $2M
A duo of hacks on old Aztec Network contracts, reportedly caused by "public input binding issues" has netted a total of $4M this week.