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Whitehat hacker rescues $1.5M from first DeFi hack of 2025

Yesterday saw the year’s first “significant” crypto hack, with exploited funds totalling $2.5 million removed from DeFi options platform Moby.

HyperLiquid downplays ‘extreme centralization’ and pay-to-play criticisms

HyperLiquid has responded to an increasing velocity of criticisms about its code, token supply, and validator centralization.

While keen to avoid being labeled as a stablecoin, Ethena’s USDe is being used as such across some of DeFi’s biggest players.

A suspected exploit of the Feed Every Gorilla (FEG) token’s “SmartBridge” left holders down 99% after the hacker sold the proceeds.

While some would like to see Lazarus Group’s ill-gotten gains go down the drain, others see the activity on HyperLiquid as a worrying sign.