Tag: DeFi

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Wasabi Loses $5M+ in Latest DeFi Exploit

Wasabi Protocol is the latest victim in what appears to be a record bad month for DeFi hacks.On-chain perpetual futures protocol Wasabi has been...

DeFi Sets New Hack Record as April Logs 28 Exploits with $635M Stolen

April's exploits were driven less by smart contract bugs and more by social engineering, bridge spoofing, and AI-assisted reconnaissance.DeFi protocols and crypto infrastructure suffered...

Shinhan Card Partners with Solana for Stablecoin Payments, DeFi Infrastructure

One of South Korea’s largest credit card providers, Shinhan Card, signed a memorandum of understanding with the Solana Foundation to test stablecoin payment technology...

Crypto Hacks Hit $630M In April as DeFi Dominates Losses

The cryptocurrency industry has seen a sharp spike in hacks in April, with losses topping $600 million in the worst month for crypto hacks...

DeFi Exploits Push Builders to Rethink Emergency Controls

Andre Cronje says much of decentralized finance is “no longer DeFi” in the strict sense, as builders debate whether circuit breakers and other emergency...

Aave-Linked DeFi United Details rsETH Recovery Plan

The Aave-linked recovery group DeFi United has published a technical implementation plan to restore rsETH backing after the April 18 Kelp bridge exploit released...

RedStone Launches Settlement Layer to Address RWA Liquidity Gap in DeFi Lending

RedStone, a decentralized oracle provider, has launched a new settlement layer for decentralized finance, aiming to make tokenized real-world assets (RWAs) usable as collateral...

DeFi United Outlines Technical Path To Make Kelp’s rsETH Whole

The coalition has secured ETH commitments to refill the bridge in tranches and will use Aave and Compound governance proposals to liquidate the exploiter's...

Who’s pledging to Aave’s $300 million DeFi recovery effort after massive Kelp DAO exploit

In the often-fractured world of decentralized finance, crises tend to expose fault lines. This time, they’re also revealing an unusual level of coordination.Aave, one...

DeFi United Hits Recovery Target as Consensys, Solana, TRON Pledge Support

The DeFi United coalition crossed its rsETH backing target after a flood of weekend commitments from across the Ethereum, Solana, TRON, Avalanche, and Bitcoin...

Why DeFi is not dead after the KelpDAO exploit

The easiest take after a $290 million exploit and a roughly $13 billion slide in DeFi total value locked is that decentralized finance is...

DeFi United Fundraising Chips Away at Kelp Exploit Shortfall

Bybit CEO Ben Zhou pledged his support for Mantle's 30,000 ETH loan proposal.The "DeFi United" industry recovery effort spearheaded by Kelp and Aave Labs...