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 […]
Multiple on-chain security companies and industry sleuths reported late on Saturday that the liquid restaking protocol KelpDAO had fallen victim to a major hack in which the perpetrators drained nearly $300 million. The team behind the project confirmed the incident hours later, and added that they have partnered with LayerZero, Unichain, their auditors, and ‘top […]
The cryptocurrency industry saw the most violent hack of 2026 on Saturday evening when an unknown perpetrator breached KelpDAO’s security and drained almost $300 million worth of its liquid staking token, rsETH. They managed to act quickly, depositing the stolen funds into several lending protocols, borrowing money against them, and one of them just experienced […]
The stablecoin issuer Circle has doubled down on its defense against criticism for failing to act during an exploit that led to roughly $280 million in losses from the Solana-based Drift Protocol. This time, the company’s CEO, Jeremy Allaire, responded during a press conference in Seoul, South Korea, and cited a moral quandary. The chief […]
USR, an overcollateralized stablecoin natively backed by ETH and maintained by the Resolv protocol, lost its peg on March 22 after an attacker minted millions of unbacked tokens and reportedly extracted at least $25 million. Here’s how the incident went down, according to blockchain analytics firm Chainalysis. Attacker Exploits Minting Key to Create $80M in […]
A report by blockchain security firm Nominis shows that in February, total losses from crypto attacks fell by 87%, going from $385 million in January to $49.3 million last month. However, while the drop in total value stolen suggests improved protocol security, Nominis claims that a closer examination of the month’s events shows that attackers […]
Xaman Wallet founder Wietse Wind has said that a “massive XRPL targeted scam effort” is underway, warning users about fake sign requests, phishing emails, and impersonation accounts. His alert points to a rise in social engineering attacks aimed at crypto holders rather than flaws in the blockchain code. A Multi-Pronged Attack on XRPL Users Wind […]
Blockchain security firm Peckshield has shared that December 2025 closed with a surprising decrease in crypto exploit losses. On-chain data shows the figures fell by 60% compared with those recorded in November. $76 Million Lost Across 26 Incidents According to the Peckshield report revealed via X, hacks and cybersecurity exploits in the crypto sector dropped […]
Toobit, a cryptocurrency exchange based in the Cayman Islands, announced the launch of a $50 million fund specifically designed to cover losses resulting from internal technical or security failures on the platform. It is important to note that the sum won’t be used to compensate losses resulting from personal account compromises, trading decisions, or market […]
A new report by the Multilateral Sanctions Monitoring Team (MSMT) shows that North Korean hackers stole $2.83 billion in cryptocurrency between January 2024 and September 2025. This figure accounts for nearly one-third of the country’s total foreign currency income in 2024. Bybit Exploit Was the Largest Contributor The MSMT, a coalition of 11 countries formed […]