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.
Crypto has exacerbated the problems of private credit, extending leverage and rehypothecation risk across increasingly risky loan books.
The attackers have taken Steakhouse Financial’s domain and turned its website and app into a wallet-draining phishing scam.
Flare’s FXRP DeFi ecosystem, pitched as a billion‑dollar XRP breakthrough, has seen slow adoption and largely flat user growth.
After a hacker minted 80M USR, the resulting depeg has sown chaos across DeFi yield vaults, and “risk curators” face scrutiny once again.
The hacker has clawed back $4.8M of losses, six months after draining UXLINK’s multi-sig and minting a billion tokens.