Drift Protocol's $295M Hack Recovery: Repayment Plan Emerges
Solana's Drift Protocol reveals a repayment strategy for users affected by a $295 million hack linked to North Korean actors, with most stolen funds reportedly …
DeFi
134 articlesDecentralized Finance protocols, DeFi yield strategies, and DEX insights
Drift Protocol Unveils Recovery Plan After $295M DPRK Exploit
Drift Protocol proposes tokenized claims and revenue-backed recovery pool following a $295 million hack linked to North Korean threat actors, working with law e…
Kelp Ditches LayerZero for Chainlink After $292M Hack
Kelp DAO is transitioning from LayerZero to Chainlink's cross-chain infrastructure following a $292 million security breach, while defending itself in a $71 mil…
State Street and Galaxy Launch Tokenized Fund for Onchain Cash
State Street and Galaxy Digital have launched a tokenized fund enabling institutions to earn yield on stablecoins with 24/7 onchain access, marking a major step…
Senators' Clarity Act Stablecoin Deal: Why Banks Remain Silent
Lawmakers propose stablecoin compromise as crypto celebrates, but banking sector's muted response raises questions about industry consensus on digital asset reg…
DTCC Tokenized Securities Launch: 50 Partners in October
The Depository Trust & Clearing Corporation plans to launch tokenized securities in October with 50 major DeFi and traditional finance partners, leveraging $114…
Payward Sues Etana for $25M Crypto Custody Fraud Scheme
Kraken's parent company alleges client funds were misused and concealed in a Ponzi-like scheme by custodian Etana Custody, claiming widespread fraud amid liquid…
Wasabi Protocol Loses $4.5M in Admin Key Compromise Attack
Wasabi Protocol fell victim to a $4.5 million exploit through a compromised deployer key, mirroring the attack vector used in Drift's recent $285 million breach…
Banks vs. Crypto: The Stablecoin Regulation Battle Intensifies
Traditional banks are pushing to delay landmark stablecoin legislation while crypto firms like Agora accelerate their charter applications. The regulatory clash…
Crypto Industry Embraces CLARITY Act Yield Compromise
The crypto industry supports a yield model compromise in the CLARITY Act, shifting from buy-and-hold to buy-and-use frameworks. Despite industry backing, concer…