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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.

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.

The Hyperbridge hack forged proofs to take control of the DOT token contract and sell a billion tokens for $237K of available liquidity.

Crypto investors used to receive compensation for taking outsized risk depositing assets into DeFi, but many yields have fallen below TradFi.

Stabble urged its users to withdraw all liquidity after a former employee was outed as a North Korean operative.