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 […]
Embattled crypto gambling platform ZKasino has started returning a portion of investor funds following a $33 million scam that left thousands of users in limbo. The refunds come nearly six months after Dutch authorities arrested a suspect linked to the platform’s alleged rug pull, marking a tentative step toward restitution for affected users. ZKasino Founder […]
The Balancer v2 exploit on November 3rd resulted in losses of around $120 million across its main protocol and multiple forks. According to the SlowMist security team’s post-incident analysis, the exploit stemmed from a precision loss flaw in the integer fixed-point arithmetic used to calculate scaling factors inside Composable Stable Pools, which are designed for […]
Stream Finance’s staked stablecoin, XUSD, lost its peg early Tuesday, falling by more than 60% after the DeFi protocol disclosed that an external fund manager had lost approximately $93 million in managed assets. The event shook the DeFi circles, causing XUSD to plummet to a new all-time low of $0.30, according to data from CoinGecko. […]