TrustedVolumes, a liquidity provider on the Ethereum blockchain, lost about $5.9 million in funds to a hacker on Thursday. The attacker was able to exploit a vulnerability within the custom trading system used by the platform and managed to withdraw the funds, which included ETH, WBTC, as well as USDT and USDC stablecoins. What Happened […]
Blockchain investigator ZachXBT has built a reputation for repeatedly calling out crypto platforms and entities he believes are involved in suspicious or illegal activity. In his latest allegation, he has turned attention to Tokenlon, a relatively lesser-known decentralized exchange with around 17,000 followers on X. Tokenlon Draws Scrutiny ZachXBT has alleged that a large share […]
The fallout from the $293 million KelpDAO exploit over the weekend has spread across the DeFi ecosystem, with Total Value Locked (TVL) across several chains dropping significantly in the last 24 hours. According to data from on-chain analytics platform DeFiLlama, at least 126 of the networks it tracks were in the red, with CosmoHub the […]
Cybersecurity researcher Taylor Monahan has claimed that North Korea-linked IT workers have been operating within the decentralized finance ecosystem for years. Monahan stated that these actors have contributed to many well-known protocols during the “DeFi summer” era of 2020. According to her latest tweet, the years of blockchain development experience listed on their resumes were […]
The crypto sector may be struggling with the ongoing bear market, but some projects are relentlessly building and expanding their ecosystems. One such is Cardano, which just hit a milestone in its Bitcoin decentralized finance (DeFi) integration, by completing the first atomic swap between BTC and the blockchain’s native asset, ADA. According to a tweet, […]
Solana-based DeFi aggregator, Step Finance, along with two other affiliate projects, SolanaFloor and Remora Markets, announced plans to shut down all operations with immediate effect. The decision follows the aftermath of a major security incident earlier this year. Hack, Halt, Shutdown In a statement shared on X, the teams said the decision came after exploring […]
Ethereum co-founder Vitalik Buterin has questioned the legitimacy of popular USDC yield strategies, arguing they don’t follow the principles of true decentralized finance (DeFi). His critique was in response to crypto analyst C-node, who said that most modern DeFi focuses on speculative gains instead of building genuinely decentralized infrastructure. Critique of Modern DeFi C-node challenged […]
Farcaster co-founder Dan Romero said on January 22 that the decentralized social protocol is not shutting down, pushing back against online claims that followed its acquisition by Neynar earlier this week. He also said Merkle, Farcaster’s parent entity, plans to return the full $180 million it raised to investors. The comments came after days of […]
Ethereum reported strong growth across decentralized finance (DeFi) and stablecoin activity in 2025. This was mainly because lower transaction costs and expanding infrastructure contributed to increased usage across the network. DeFi and Stablecoin Activity Increase In a New Year’s post shared via X, the chain revealed that it recorded over $99 billion in total value […]
Core Foundation has issued a detailed statement commenting on its dispute with Maple Finance after the Grand Court of the Cayman Islands granted an injunction against Maple over alleged breaches of commercial agreements related to the development of lstBTC, a Core-powered liquid-staked Bitcoin token. The injunction was granted after the Court found a “serious issue […]