Tag: Protocol

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Announcing Cohort 7 of the Ethereum Protocol Fellowship

TL;DR: We are excited to announce that applications are now open for the seventh cohort of the Ethereum Protocol Fellowship (EPF7). EPF provides a pathway for...

Volo Protocol loses $3.5 million in exploit days after KelpDAO’s breach

Another day, another exploit. The security crisis in blockchain-based decentralized finance (DeFi), once touted as a challenger to legacy infrastructure, is only getting worse.The...

Tether To Lead $150M Recovery Program for DeFi Platform Drift Protocol

Stablecoin issuer Tether, the company behind USDt (USDT), said Thursday it will back a $150 million recovery program for the Drift Protocol decentralized exchange...

DeFi Hacks Surge After $280M Drift Protocol Exploit

At least 12 DeFi protocols and crypto businesses have been attacked in just over two weeks since the $280 million Drift Protocol exploit on...

Class Action Lawsuit Filed Against Circle Over Drift Protocol $280 Million Hack: Gibbs Mura Law Group

Law firm charges Circle Internet Financial with failing to freeze $230 million in stolen USDC after the April 1 Drift Protocol exploit, allegedly linked...

Scroll moves to trim governance operations after major protocol defection

The decentralized autonomous organization (DAO) behind Ethereum layer-2 network Scroll said it will propose a plan to dissolve its Security Council and transfer control...

Aave passes landmark vote ending months-long fight over who controls protocol revenue

The governance fight that began when Aave Labs redirected swap fees away from the DAO treasury in December is over, with the community voting...

Public Backlash Prompts Circle Response To $270M Drift Protocol Theft: Details

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Circle (CRCL) has responded publicly to mounting criticism tied to the exploit...

Quantum-Safe Bitcoin Transactions Need No Protocol Upgrade

A Bitcoin researcher has come up with a way that could immediately make Bitcoin transactions quantum-safe without the need for a soft fork. In a...

DeFi needs to ‘mature’ if it wants to be the future of finance, hacked Drift Protocol insider says

An ex-Drift Labs employee has criticised DeFi following the Drift Protocol exploit.The insider had savings in the hacked protocol.Hackers stole $286 million from the...

Trump’s World Liberty Financial borrowed millions from a protocol its own advisor co-founded

World Liberty Financial, the crypto venture co-founded by the Trump family, has executed a series of transactions through decentralized finance (DeFi) lending protocol Dolomite...

Bitcoin Could Be Quantum-Safe Without Protocol Changes

A new research proposal claims it can make Bitcoin transactions resistant to quantum attacks without changing the network’s core rules, a goal...