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.
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Vercel breach leaves DeFi frontends dangling on a $2M ransom
Vercel says attackers accessed its internal systems, sparking fears poisoned Next.js code could be used to drain funds from DeFi apps.
Hyperbridge exploited less than two weeks after April Fools’ day hack prank
The Hyperbridge hack forged proofs to take control of the DOT token contract and sell a billion tokens for $237K of available liquidity.
Crypto yields are falling below TradFi
Crypto investors used to receive compensation for taking outsized risk depositing assets into DeFi, but many yields have fallen below TradFi.
Solana DEX Stabble urges liquidity exit after alleged DPRK mole revealed
Stabble urged its users to withdraw all liquidity after a former employee was outed as a North Korean operative.
The slow-motion ‘bank run’ in private credit
Crypto has exacerbated the problems of private credit, extending leverage and rehypothecation risk across increasingly risky loan books.
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.
Flare’s billion-dollar XRP DeFi dream has just 80 new users a day
Flare’s FXRP DeFi ecosystem, pitched as a billion‑dollar XRP breakthrough, has seen slow adoption and largely flat user growth.
Resolv hack shows DeFi learned nothing from last contagion
After a hacker minted 80M USR, the resulting depeg has sown chaos across DeFi yield vaults, and "risk curators" face scrutiny once again.
UXLINK hacker’s wild ride: Up just 0.2% on $36M loot
The hacker has clawed back $4.8M of losses, six months after draining UXLINK’s multi-sig and minting a billion tokens.