Carrot Protocol Collapses After Drift Protocol $285M Exploit
Carrot DeFi protocol becomes the first major casualty of the Drift Protocol exploit, with TVL plummeting 93% in just one month from $28M to under $2M.
DeFi
181 articlesDecentralized Finance protocols, DeFi yield strategies, and DEX insights
North Korean Hackers Steal $6B in Crypto: DeFi Under Siege
Pyongyang-linked threat actors have stolen $6 billion in cryptocurrency, with $577 million drained from DeFi platforms in April alone. TRM Labs reveals North Ko…
EU Sanctions Target Russian Crypto Exchanges to Block War Funding
The European Commission has imposed sanctions on Russian cryptocurrency exchanges and stablecoins to prevent Moscow from using digital assets to circumvent exis…
DeFi Leaders Launch Rescue Fund for Aave Hack Victims
Major cryptocurrency industry players are mobilizing hundreds of millions in a coordinated recovery effort following a significant security breach affecting Aav…
Aave Raises 80% of $200M Kelp DAO Exploit Recovery Fund
Aave has secured nearly $160 million toward a $200 million recovery fund for bad debt from the Kelp DAO exploit, with Mantle and Aave DAO contributing $127 mill…
Morgan Stanley Becomes Reserve Manager for Stablecoin Issuers
Wall Street giant Morgan Stanley launches specialized fund to serve as reserve manager for stablecoin issuers, marking major institutional adoption in crypto.
BIS Flags Crypto Exchanges as Shadow Banks Over DeFi Risks
The Bank for International Settlements warns that cryptocurrency exchanges offering stablecoin yields and DeFi products operate as unregulated financial institu…
Kelp DAO Exploited for $292M in Major DeFi Security Breach
Kelp DAO suffered a critical $292 million exploit, marking one of 2024's largest DeFi attacks. The breach highlights ongoing vulnerabilities in liquid staking p…
North Korea Linked to $578M Crypto Heists in April
DPRK-linked threat actors orchestrated over $578 million in cryptocurrency thefts during April, capitalizing on the Kelp DAO exploit and expanding attacks acros…
Senate Clarity Act Faces Stablecoin Debate Delays as 2026 Timeline Tightens
The cryptocurrency industry's flagship regulatory bill continues navigating Senate delays over stablecoin yield provisions. With limited floor time remaining in…