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Inside the $280M Drift hack: weeks of setup, minutes to drain

Drift Protocol was hacked for roughly $280M yesterday after a likely social engineering scheme breached its multisig approvals.

Liquity accused of ‘market manipulation’ after Circle acquisition April Fools’

Liquity’s April Fools’ bit that joked it was being bought by the stablecoin giant Circle led to allegations of “market manipulation.”

Newsletter

This week saw a near-miss for DeFi lender HypurrFi and recovered funds for Makina, while Circle and Certik don’t make the best impression.

Of a total of $17 million stolen from victim addresses, $3 million in USDC is yet to be frozen by issuer Circle.

Any US bank or fintech company that receives USDC instead of dollars will need to file timestamped records of every transaction.